A retail investment in far southern Australia leads Mingtiandi’s roundup of Asia real estate news today as the kingpin of Singapore’s newspaper world continues to find bricks and mortar more compelling than paper and ink as it closes in on… Read More>>
CapitaLand Sells 3 China Shopping Malls to REIT for $430M
CapitaLand has entered into an agreement to offload three mainland community malls to CapitaLand Retail China Trust (CRCT) for RMB 2.96 billion ($430 million), according to an announcement to the Singapore stock exchange.
This is the second divestment of China… Read More>>
CapitaLand Sells RMB 4.5B of SH Office Assets to Value-Add Fund
Just one month after reaching a $391 million first-close on its maiden discretionary equity investment fund, Singapore’s CapitaLand has seeded CapitaLand Asia Partners I (CAP I) with a pair of Shanghai office assets, according to an announcement by the company… Read More>>
CapitaLand Tops Out RMB 24B Raffles City Chongqing
CapitaLand announced on Monday that it has topped out the 1.2-million-square-metre Raffles City in Chongqing, a month after the Singapore-listed firm announced the S$11 billion acquisition of fellow government-backed developer Ascendas-Singbridge, its partner in the project.
Now structurally complete, the… Read More>>
Despite Financial Woes, Wanda Dominates China’s Top Commercial Developers in 2018
Dalian Wanda boss Wang Jianlin has been forced to scale back his ambitions and sell off overseas and non-core assets in the past two years, but his flagship real estate operation still has more than twice the operating revenue of… Read More>>
GIC-CapitaLand JV Buying Shanghai Mixed-Use Project for $1.85B
Singapore’s CapitaLand announced on Tuesday that its Raffles City China Investment Partners III (RCCIP III) fund has formed a 50:50 joint venture with Singapore’s sovereign wealth fund GIC to acquire the Star Harbour International Center project (上海星外滩) in Shanghai’s Hongkou… Read More>>
CapitaLand Buys Guangzhou Project for RMB 882M and More Asia Real Estate Headlines
Singapore’s CapitaLand dominates the region’s real estate headlines today with news of its acquisition of a site in Guangzhou, being released on the same day that the developer confirmed a joint venture with GIC for an acquisition in Shanghai. Elsewhere… Read More>>
Office Rents Set to Slide in Hong Kong’s Central and More Asia Real Estate Headlines
The downdraft slowing Hong Kong’s home sales may have finally reached the city’s famously-expensive office market as one of the leading property consultancies is now predicting a drop off in office prices in Central in 2019. Also making news today,… Read More>>
CapitaLand Said Buying Project in Shanghai’s Hongkou District for $1.85B
Singapore’s CapitaLand is reportedly investing at least RMB 12.79 billion ($1.85 billion) to acquire its most expensive real estate project yet in mainland China, according to accounts in the mainland media.
Southeast Asia’s largest developer would be paying the record… Read More>>
Asia Real Estate People in the News 2018-08-20
Asia’s community of property pros continues to be on the move in August with a Hong Kong real estate fund manager claiming back one of its former team members, and an industrial developer dipping into the brokerage talent pool as… Read More>>
