Here is a list of the day’s latest China real estate news collected from around the web:
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CBRE to expand into capital markets to tap China clients
CBRE, the world’s biggest property agent, is to expand into capital market advisory services in the Asia-Pacific region as mainland outbound investment becomes a major component of global capital flows.
“That’s one of the main reasons we are getting into the new business line,” said Rob Blain, chief executive and chairman of CBRE Asia Pacific.
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Real Estate Broker ReMax expands its global footprint to China
RE/MAX has sold franchise rights to China. The new RE/MAX territory includes mainland China, Hong Kong and Macau, which means RE/MAX now can be found in 85 countries.
The new RE/MAX China ownership group is based in Hong Kong and has extensive experience in real estate, banking, financing and franchising. The group, which is not yet being identified, plans to grow RE/MAX aggressively throughout the country of about 1.3 billion people.
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Topshop’s Green targets China retail launch
Sir Philip Green, the owner of the fashion group Arcadia, hopes to launch its first Topshop and Topman stores in China next year, as the billionaire said retailers should focus on improving their performance and stop “crying” about tough trading conditions on the high street.
The entrepreneur yesterday unveiled a leap in annual profits at Arcadia, which also runs the Bhs and Burton brands, and revealed he is plotting a “major push” of its fledgling operation in the US.
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How To Invest in China’s Shopping Malls
If you buy the “emerging markets consumer” thesis, you’ll want to have a piece of China’s booming retail industry. One way to do that: Own shopping malls.
Credit Suisse (CS) strategists are out this week touting certain regions’ malls over others. Be wary of oversupply: Builders, as in just about every place in the U.S., have been overzealous. Guangzhou, Wuxi, Nanjing and Hangzhou are the regions to favor, write CS’s team of strategists, who are led by Jinsong Du.
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