Big Mainland Brokerage Deals: Q1 2017

Today Mingtiandi kicks off the first edition of a new feature on deals brokered or significant appointments garnered by major property consultancies.

We assemble this list from official announcements and from social media postings by the agencies themselves, with all sources noted below.

For this first edition we are including only mainland deals, but we will soon expand this feature to include both Hong Kong and Singapore deals.

If you or your company have recently scored a major win or have landed a new appointment, we invite you to share the details with us, and you may see your name here in Mingtiandi.

Investment Brokerage

Colliers International successfully brokered the sale of Shanghai Central Park to BlackRock on behalf of Hong Kong and Shanghai Alliance in a RMB 1.37 billion deal first announced to the Hong Kong stock exchange in February. Hong Kong and Shanghai Alliance had acquired the 27-storey office tower at 828-868 Changshou Road in Putuo District in 2013 for $116.2 million before completing an extensive remodelling in 2015.

CBRE represented AEW in the sale of 686 Jiujiang Lu in Shanghai (formerly known as the Baolong Tower or 宝龙大厦 in Chinese) to Ascendas-Singbridge for a reported RMB 1.35 billion, according to sources familiar with the transaction who spoke with Mingtiandi. Reports of the private equity fund putting the 14-storey office building on the market first surfaced last September, just 15 months after AEW bought the Huangpu district asset. Ascendas-Singbridge announced the deal in March.

Colliers International announced in January that it had represented US-based private equity firm LaSalle Investment Management in the sale of the Huayuan serviced apartment complex (华园大厦) on Ronghua West Road in Shanghai’s Changning district for an undisclosed sum.

In February, Cushman & Wakefield announced via WeChat that it had successfully brokered the sale on behalf of a Taiwan-listed company of a development site to Hong Kong-listed Landsea Green Properties, a subsidiary of the Landsea Group. The mixed-use site in Hongguang Township of Chengdu’s Pidu district includes both residential and commercial components.

In February, Knight Frank announced via its corporate WeChat channel that it had won a sole agency appointment for the disposal of a 10,000 square metre workshop in the Tianjin Free Trade Zone.

Leasing Brokerage

Colliers International announced in February that it had represented Shenzhen-listed animation and toy company Guangdong Alpha Group in leasing 6,000 square metres of office space at Nan Fung Group’s GZ The Place (南丰汇), a mixed-use project opposite the Canton Fair venue in Guangzhou’s Pazhou district.

In February, Shanghai-based agency CRG (高德量行) announced via its WeChat channel that it had represented Haitong Securities in securing office space in Tian’an Science and Technology Innovation Square in Shenzhen.

In March CRG announced via WeChat that it had represented French chemical producer Arkema in leasing office space in Chongbang’s Life Hub@Daning, in Shanghai’s Jing An district.

If you know of more deals or would like to see your success stories featured in Mingtiandi, please contact us, and we’ll make you famous.