Asia real estate and outbound investment news
China’s largest commercial developer is set to add to its portfolio of nearly 300 shopping malls after Dalian Wanda Commercial Management Group purchased a site in southern Shanghai for RMB 575 million ($85.5 million).
Wanda Commercial, the development unit of… Read More>>
Taubman Centers announced late last week that it has agreed to sell a 50 percent stake in the shopping centre assets of its Asian division to US alternative investment giant Blackstone in a deal valued at $480 million.
The transaction… Read More>>
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>>
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>>
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>>
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>>
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>>
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>>
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>>
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>>
