Dalian Wanda Group last week said that it is sticking to its plan to open 40 to 50 new plazas each year despite steep declines in revenue and profit at the conglomerate’s real estate and hospitality businesses during the first… Read More>>
ARA Teams Up with Straits Real Estate and ICBCI to Buy Pudong Mall for RMB 2.4B
ARA Asset Management has made its second investment in mainland China retail in just over six months with the joint acquisition of a shopping mall in Shanghai, as the property investment specialist bets on the country’s growing middle-income group to… Read More>>
Tencent-Backed Vipshop Buys Five China Outlet Malls for RMB 2.9B
China’s online retail giants continued their invasion of the physical shopping world this past week as a fashion ecommerce player backed by Tencent and JD.com agreed to buy an outlet mall chain for RMB 2.9 billion ($422 million).
New York… Read More>>
Mainland Sportswear Giant Files for $1B HK IPO and More Asia Real Estate Headlines
Retail leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a China footwear retailer that partners with Nike and Adidas has filed for an initial public offering with a target of $1 billion,… Read More>>
Singapore Home Sales Jump 30% in May and More Asia Real Estate Headlines
Singapore home sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today after deals for new housing took a 30 percent jump, while a Chinese e-commerce giant and a large mainland developer are among the shortlisted bidders… Read More>>
Alibaba Said in Talks to Buy Stake in German Retailer Metro’s China Stores
Alibaba is in talks to acquire a portion of the China operations of German retailer Metro, according to a Thursday report by Reuters, as the company that handles nearly 60 percent of China’s online shopping continues to look for ways… Read More>>
Suning Buys 37 Wanda Department Stores for Under RMB 8B
Dalian Wanda has sold 37 department stores to Chinese retailer Suning.com for an amount estimated to be less than RMB 8 billion ($1.18 billion) as China’s largest commercial developer continues a two-year sell off of overseas and non-core assets after… Read More>>
COFCO Property Merger Bringing HK-Listed Joy City Back to Mainland Exchange
China’s COFCO Group is merging a pair of real estate developers with a combined market cap of $4.7 billion dollars as the state-owned conglomerate follows through on restructuring plans related to state-owned enterprise reform and cross-border transactions first announced in… Read More>>
Luring China’s Ecommerce Junkies Back to the Mall With Dungeons, Horses and a 737
Chinese consumers bought RMB 4.88 trillion ($760 billion) in products online during the first three quarters of last year — roughly equivalent to the annual GDP of the Netherlands — as many shoppers now routinely buy groceries and other daily… Read More>>
Vanke, SCPG and Hopu Buying 20 China Malls from CapitaLand for $1.3B
Top homebuilder China Vanke and its commercial property platform SCP Group (SCPG) have entered a deal to buy a portfolio of 20 mainland shopping malls from Singapore’s CapitaLand for RMB 8.37 billion ($1.3 billion). The two parties are teaming up… Read More>>
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