True to its online, e-commerce, new economy roots, cash-strapped Chinese tech company LeEco has put a 50,000 square metre (538,000 square foot) Beijing shopping center up for auction on China’s flagship e-commerce platform Taobao as it continues to scramble for… Read More>>
Gaw Capital Sold Beijing’s Pacific Century Place to Local Fund for RMB 10.5B
Gaw Capital Partners is confirmed to have sold the Pacific Century Place project in Beijing for approximately RMB 10.5 billion ($1.53 billion) according to sources familiar with the transaction who spoke with Mingtiandi.
The Hong Kong-based private equity firm completed… Read More>>
We’re No. 1! Hong Kong Again Tops Global List of Prime Office Rents
Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with the district’s rents far ahead of the second city on the list, New York,… Read More>>
Link REIT Buys Beijing Shopping Centre from ARA Fund for RMB 2.56B
Link Asset Management Limited, the manager of Hong Kong’s Link Real Estate Investment Trust, announced today its acquisition of Beijing Jingtong Roosevelt Plaza, a recently completed shopping centre in Beijing’s suburban Tongzhou district for RMB 2.56 billion ($369 million).
The… Read More>>
Angry Customers Occupy Office of Defaulting Beijing Rental Housing Operator
Angry tenants and landlords occupied the Beijing office of Haoyuan Hengye Long Term Rental Apartment late last month to mount their own extra-legal detention of the housing company’s management.
The move against the rental housing operator was related to allegations… Read More>>
Partners Group in Talks to Buy Beijing Complex for RMB 5.7B
A consortium including Switzerland’s Partners Group is in talks to acquire a grade A commercial complex in Beijing for RMB 5.7 billion ($820 million), according to an account this week by Bloomberg.
The Swiss private equity firm is negotiating to… Read More>>
China Railway Construction Stars as Beijing Sells Trio of Sites for RMB 7.9B
Restrictions on China’s real estate market have not completely snuffed out developer demand for new sites, as Beijing last week successfully sold a trio of suburban land plots, fattening the city’s coffers by a total of RMB 7.95 billion ($114.72… Read More>>
HNA Cancels RMB 1.3B Sale of Beijing Office Building to Vanke
Financially-troubled HNA Group on Tuesday announced to the Shanghai Exchange that its shareholders have rejected a RMB 1.3 billion ($190 million) deal to sell a Beijing office tower to China Vanke, which the two companies had agreed to in late… Read More>>
HNA Agrees to Sell Beijing Office Complex to China Vanke for $190M
China’s embattled HNA Group is continuing its series of asset disposals as the conglomerate’s aviation and tourism arm agreed to sell a Beijing office complex to China Vanke for RMB 1.29 billion ($190 million).
A notice filed with the Shanghai… Read More>>
China Rental Apartment Providers Freeze Prices, Boost Supply After Beijing Crackdown
Venture capital-backed rental apartment provider Ziroom has pledged to roll out 80,000 units of rental housing in Beijing within the next three months, while agreeing to maintain current prices for the homes, after the capital’s housing authority this month that… Read More>>
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