Embattled mainland developer Dalian Wanda Group has sold its Wanda Reign on the Bund hotel in Shanghai to the family office of Indonesian pulp and paper billionaire Sukanto Tanoto in a rare purchase of a mainland hotel asset by a… Read More>>
Overseas Chinese Town Sells Shanghai Bulgari Hotel for $344M
State-owned mainland developer Overseas Chinese Town (OCT) has agreed to sell the Bulgari Hotel in Shanghai, as the indebted builder offloads an unprofitable project amidst plummeting revenues and a slow recovery in China’s tourism market.
Building materials maker Jiangsu Jinfeng… Read More>>
CIFI Buying Out Henderson Land’s Half-Stake in Shanghai HQ Project for $60M
Mainland builder CIFI Holdings is buying out the 50 percent interest held by Hong Kong’s Henderson Land in a Shanghai residential and commercial project containing CIFI’s headquarters, with Henderson set to be paid RMB 428.2 million ($59.7 million) for the… Read More>>
Vanke, Singapore’s Banyan Tree End China Hotel JV After Six Years
Mainland property giant China Vanke and Singapore-based hotel and resort operator Banyan Tree Holdings are dissolving a six-year-old China hospitality joint venture after failing to gain traction in a challenging mainland market.
Banyan Tree has entered into a term sheet… Read More>>
CapitaLand China Trust Selling Beijing Mall to Inner Mongolian Investor for $120M
CapitaLand China Trust (CLCT) is selling an underperforming Beijing shopping mall to an investor from Inner Mongolia for RMB 849.2 million ($120 million) in the latest example of domestic capital buying up discounted assets as China’s real estate market slows.
GCP Closes on $600M China Onshore Income Fund With Backing From Mainland Insurer
GLP Capital Partners has closed on an onshore China income fund backed by a mainland insurer, with the vehicle’s total size including leverage amounting to RMB 4.3 billion ($600 million).
China Income Fund X marks the latest addition to an… Read More>>
China Advances First Mall Trusts in Latest Expansion of REIT Programme
China’s first batch of retail REITs received registration approval from the country’s securities regulator following an expansion of the country’s listed real estate investment trust pilot programme in March that saw malls and other retail properties added to China’s nascent… Read More>>
GLP Sells Beijing Office to $490M China Income Fund as Debt Profile Slides
After its parent company was stripped of its sole remaining investment-grade rating last week, GLP Capital Partners (GCP), the asset management division of GLP, announced the sale of an office complex in Beijing to a RMB 3.6 billion ($490 million)… Read More>>
Bain Capital, DNE Group Form $250M China Industrial JV
Bain Capital and Warburg Pincus-backed DNE Group have set up a $250 million joint venture to develop and operate manufacturing parks across mainland China’s primary economic hubs, according to a joint announcement on Tuesday.
The US private equity firm is… Read More>>
Swire Confirms $1.35B Investment in Pair of Pudong Development Projects
Just before heading off for China’s National Day holiday Swire Properties confirmed its purchase of stakes in a pair of mixed-use projects in Shanghai’s Pudong district from local government developer Lujiazui Group as it continues to expand its holdings in… Read More>>
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