Asia real estate and outbound investment news
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>>
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>>
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>>
Mickey D’s has decided that selling out may be its best mainland strategy in 2017 – especially as it involves taking in more than $2 billion from CITIC and Carlyle. Also in today’s headlines, developer CSI cashes out in Causeway… Read More>>
Ralph Lauren may be an American legend, but his Hong Kong flagship store will soon be a local memory as the US fashion brand adapts to the city’s struggling luxury market. Also in the news today, Savills Investment Management disposes… Read More>>
McDonald’s may not get a break today, but the fast food giant appears close to selling off its China stores to a consortium led by Carlyle and Citic according to news reports that value the transaction at u to $3… Read More>>
In the news today, Hong Kong’s Superman is weakened by kryptonite in its Brexit-form as shares in his affiliates continue to trend downward. Meanwhile Korea’s Lotte Department Store is teaming with Citic Group to enter the Shanghai retail sector and… Read More>>
Half a dozen UK property funds have already suspended trading, but for some Asian investors the Brexit crisis is bargain hunting time, according to a recent report. Plus, officials in Beijing are getting just as tired of the Vanke custody… Read More>>
China’s largest developer scored its biggest profits ever in 2015, but still fell short of analyst expectations. Meanwhile local competition for WeWork readies for the US coworking giant’s market entry with a fresh round of venture capital. Read on for… Read More>>
CITIC Group, one of China’s largest state-owned investment conglomerates has effectively sold off its mainland residential development business to China Overseas Land & Investment Ltd in a transaction valued at RMB 31 billion ($4.8 billion).
Under the terms of an… Read More>>
