Chinese government-backed China Resources Land announced to the Hong Kong Exchange on Friday that it has teamed up with Shanghai Land and China Life Insurance to launch an RMB 15 billion ($2.7 billion) real estate investment fund. The information was… Read More>>
Asia Real Estate People in the News 2018-04-23
Leading today’s roundup of people news, a retail specialist has rejoined CapitaLand’s mall development arm in Shanghai after a stint at Pradera Retail Asia, and a senior housing pro is jumping from one Chinese insurance behemoth to another. The flexible… Read More>>
Anbang Moving Ahead with Waldorf Condo Conversion and More Asia Real Estate Headlines
Anbang’s days as a major player in global real estate markets may be over, but the hangover from its buying binge is being felt in New York, as news today confirms that the now government-controlled Chinese insurer is moving ahead… Read More>>
Deutsche AM Sells Dalian Office Tower to China Life
Deutsche Asset Management has sold Xiwang Tower, a grade A office building in the northeastern Chinese city of Dalian, to mainland financial services giant China Life. The asset management arm of Deutsche Bank disposed of the 40-storey, grade A tower… Read More>>
Tencent, Sequoia and China Life Lead $2.5B Financing Round for JD Logistics
It’s been less than 10 months since JD.com launched its own logistics business, but the warehousing and shipping subsidiary of China’s second-largest ecommerce player has already raised $2.5 billion from some of the mainland’s biggest investment firms, according to an… Read More>>
GLP Forms $1.6B China Value-Add Warehouse Fund with China Life
Asia’s largest warehouse developer is teaming up with state-owned insurer China Life to form a new RMB 10 billion ($1.6 billion) value-add fund targetting logistics opportunities in China.
The vehicle marks the first China value-add fund for Singapore-based Global Logistic… Read More>>
China’s NDRC Approves Wanda Bond Sale and More Asia Real Estate Headlines
As tycoon Wang Jianlin’s Dalian Wanda stares down $1.7 billion in overdue offshore debts, the country’s top planning body took at least one foot off the billionaire’s neck by issuing a permit for an offshore bond sale by the troubled… Read More>>
Shui On Sells 49% Stake in Shanghai KIC Project for $443M
Shui On has agreed to sell a 49 percent stake in its mixed-use Knowledge and Innovation Community (KIC) project in Shanghai for RMB 2.95 billion ($443.1 million), as chairman Vincent Lo continues to bail out the developer’s balance sheet.
Through… Read More>>
CIC, China Life Join TIAA in $1.1B US Parking Deal
China’s sovereign wealth fund and its largest insurer are backing a consortium of investors to buy the biggest parking operator in North America in a deal estimated to top $1 billion, the companies revealed last week.
A unit of China… Read More>>
China Life Takes 95% Stake in $950M US Real Estate Portfolio
Leading mainland insurer China Life is taking a 95 percent stake in a portfolio of US logistics and manufacturing centres, business parks and healthcare facilities valued at nearly $1 billion, as the Chinese giant continues to show a taste for… Read More>>