Asia real estate and outbound investment news
Singapore’s StorHub has acquired a building which formerly housed retailer Leroy Merlin’s Beijing flagship store as the Warburg Pincus-backed self-storage operator continues to expand its presence in mainland China.
The deal will add a third Beijing location and the 17th… Read More>>
A Beijing developer’s founding chairman has resigned from all duties with the company according to an announcement Wednesday by the Hong Kong-listed developer in the latest example of a troubled entrepreneur stepping back from corporate leadership in China,
Zhang Lei… Read More>>
Embattled Chinese builder Sino-Ocean Group Holding has received a bailout from its largest shareholder China Life Insurance (Group) Company.
Sino-Ocean Group will sell its entire 10 percent stake in the China Life Financial Centre office tower in Beijing to two… Read More>>
CapitaLand Investment (CLI) sees China’s property downturn as an opportunity to expand its mainland holdings with the company acquiring an office building near Beijing’s embassy area this week through a court-arranged auction.
With the Chinese capital in the depths of… Read More>>
Guangzhou R&F Properties has renewed its efforts to sell off assets and pay down its liabilities as the mainland developer last week agreed to sell its Wanda Realm Beijing hotel to a unit of Beijing Pengrui Real Estate for RMB… Read More>>
Shimao Group has agreed to sell its stakes in two Beijing residential projects to red-chip developer China Resources Land for RMB 3.3 billion ($480 million), continuing this year’s theme of state-owned enterprises bailing out distressed mainland builders.
Shimao’s interest comprises… Read More>>
Keppel Data Centre Fund II has entered a partnership with a Tianjin-based conglomerate to develop a RMB 1.4 billion ($210 million) data centre near Beijing, marking Singaporean giant Keppel Corporation’s sixth server-hosting facility in China.
KDCF II will acquire a… Read More>>
Chinese developer Sino-Ocean Group Holding has sold its stake in a commercial project in Beijing’s Fengtai district for RMB 5.02 billion ($740 million) to Ping An Life Insurance amid weakening sales and dropping bond prices.
The mainland financial heavyweight has… Read More>>
BlackRock is taking on a 190,000 square metre (2 million square foot) development project outside of Beijing as the investment manager expands its exposure to China’s logistics real estate sector.
The US asset management giant is developing the distribution centre… Read More>>
US private equity giant KKR has formed a joint venture with Chinese apartment operator Funlive to develop and operate a 3,000-unit multi-family project in the southern suburbs of Beijing as mainland authorities continue to take steps to encourage rental residential… Read More>>
