GDS Holdings has set up a RMB 2.6 billion ($371 million) joint venture with a private fund management unit of state-run investment firm CITIC to develop a new data centre in suburban Beijing, as the mainland server facility specialist ramps… Read More>>
Citic Pacific Buys Hong Kong Luxury Residential Site for HK$3.2B and More Asia Real Estate Headlines
A Hong Kong residential site leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a Chinese state-backed conglomerate has paid $410 million for the plot in the Asian financial hub. Meanwhile, back on… Read More>>
CITIC’s China Zun Opens as Beijing’s Tallest Building
Chinese financial conglomerate CITIC Group has inaugurated Beijing’s tallest skyscraper, formally known as the CITIC Tower, eight years after breaking ground.
At 528 metres (1,732 feet) tall, and commonly known as China Zun, the skyscraper rises above its closest rival… Read More>>
Landlords Accuse CITIC-Backed Proptech Platform of Not Paying Rent
China’s property innovators are hitting the headlines again this month as a property marketing and management platform tied to one of the country’s biggest investment conglomerates is reported to have defaulted on its financial commitments.
A long-term rental housing business operated… Read More>>
China Resources Land and Friends Outbid SHK, Swire to Win RMB 5.8B Shanghai Site
A consortium led by state-backed China Resources Land outbid Hong Kong’s Sun Hung Kai Properties and a joint venture between Swire Properties and Ping An Real Estate to win a commercial site in Shanghai’s Jing’an district for a record RMB… Read More>>
Duff & Phelps Moves HQ to Three Pacific Place and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, reports of a market downturn seem to still be unconfirmed rumours last week in the city’s prime business districts as new office leases and asset sales pushed the upper limits of market… Read More>>
CEFC Europe Deals Hit the Wall as Investment Firm Defaults on $327M in Bonds
One of China’s most troubled cross-border investors became the mainland’s latest default story this month as a unit of China CEFC Energy informed the Shanghai stock exchange that it had failed to fulfill obligations for bond payments totalling RMB 2.09… Read More>>
CITIC Comes to CEFC’s Rescue in Europe and More Asia Real Estate Headlines
At the top of today’s new roundup, China’s CIITC Group has once again come to the rescue of a troubled overseas project as the state-run investment giant announces a European JV with scandal-plagued CEFC. And if joint ventures don’t light… Read More>>
R&F Eyes $1B Zimbabwe Steel Deal and More Asia Real Estate Headlines
Leading today’s roundup, one of China’s biggest home builders may be moving way up the risk curve, with a proposed deal for a decrepit steel factory in post-Mugabe Zimbabwe. Also in the news, flailing Chinese energy firm CEFC may get… Read More>>
Country Garden to Help McD’s Open 2000 More China Burger Joints
One of the mainland’s biggest developers has agreed to help McDonald’s reach its goal of opening 2,000 new restaurants in China by 2022.
In a strategic cooperation deal signed last week between Guangzhou-based Country Garden and the new ownership of… Read More>>
