In the two years since Pradera Retail Asia took over the historic retail center on East Nanjing Road in Shanghai now known as Mosaic Shanghai, the shopping center asset manager has been singularly focused on transforming the former department store,… Read More>>
IKEA Breaks Ground on $1.2B Mall and HQ in Shanghai
Ingka Holding BV, parent of the world’s largest home-furnishings retailer IKEA, has begun development on a $1.2 billion mixed-use development in Shanghai that the home furniture supplier says is its single biggest investment globally.
The Shanghai IKEA LIVAT centre, which… Read More>>
Pradera Retail Asia Opens Mosaic Xi’an, Bringing China Mall Portfolio to Four Sponsored Feature
Hong Kong heart-throb Bosco Wong and around 60 thousand fans and customers took part in the grand opening of the Mosaic Xi’an mall in one of China’s oldest cities before China’s National Day holiday.
The opening event was staged in… Read More>>
HK-Listed Spring REIT Buys Guangdong Mall From Huamao Property for $241M
Spring Real Estate Investment Trust has acquired its first retail asset in China as the Hong Kong-listed REIT announced late last week that it has agreed to purchase a shopping mall just north of Shenzhen for RMB 1.65 billion ($241… Read More>>
GIC, Vanke Win Shanghai Shopping Mall Site for $111M
Singapore’s sovereign wealth fund GIC has teamed up with homebuilder China Vanke to win a plot of land in Shanghai for RMB 702 million ($111 million), which the partners plan to develop into a high-end shopping centre.
GIC subsidiary RECO… Read More>>
Bubble Tea and Lipstick in the Mix as Pradera Lures China’s Post-Millennials Back to East Nanjing Road
One of the best-known retail centres from Shanghai’s 1930s heyday may soon be pulling China’s post-millennial shoppers back to what was once China’s hippest retail centre. As part of a revival of a heritage department store on Shanghai’s historic East… 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>>
Hangzhou Developer Arrested After Loan Default and Fraud Reports
China’s real estate industry and the shadow banking network that it relies on received a collective black eye this week when a Hangzhou developer first defaulted on loan payments, and was later arrested on fraud allegations surrounding RMB 2 billion… Read More>>
Philippine Developer Sinks $100M More into Tianjin Megamall
Mall developer SM Prime, the listed vehicle of Filipino billionaire Henry Sy has already dipped into at least $50-$100 million of a recent bond sale to help bring to market its 530,000 square metre SM Tianjin Shopping Centre project… Read More>>
