Covid-19 has sickened Asia’s property sector as it raises uncertainty and impedes economic activity this year, but one market in the region saw transactions of real estate assets nearly double in the most recent quarter after lockdown restrictions were eased.
Sigma Delta Partners Investment (“SDP Investment”) has formed a joint-venture with an international institutional investor and completed the acquisition of the U-Show Plaza mixed-use project in Beijing.
The purchase ranks as one of the largest real estate transactions in Beijing… Read More>>
Ascott Residence Trust said Monday it has agreed to sell the Ascott Guangzhou and the Citadines Didot Montparnasse Paris serviced apartments for S$191.4 million ($138.8 million) as the Singapore-listed real estate investment trust seeks to monetize assets despite the COVID-19… Read More>>
Beijing’s Sino-Ocean Capital recently completed an acquisition of an office building in Shanghai’s Xuhui district, closing on the purchase of the H88 Yuehong Plaza despite delays caused by the pandemic and weakening demand for commercial space in the city.
The… Read More>>
Colliers International announced recently that it had assisted Shanghai’s Great Wall Real Estate Group in the sale of the city’s Great Wall Financial Building, marking the largest single-buyer transaction involving a foreign institution in China’s commercial capital this year.
The… Read More>>
Selling face cream is not the usual path to owning large commercial buildings but, with some help from WeChat, a Chinese beauty products brand controlled a by a celebrity couple just purchased a Pudong office block for RMB 1.76 billion… Read More>>
A joint venture between Greenland Group and the Shanghai government has agreed to sell one of the commercial towers in its RMB 100 billion ($14 billion) Greenland Bund Centre to Bank of Shanghai, just five months after Haitong Securities purchased… Read More>>
A fund managed by Phoenix Property Investors has been forced to restructure the capital structure for a commercial project in Shanghai’s Jing An district, according to an announcement to the Hong Kong stock exchange today as the COVID-19 crisis disrupts… Read More>>
Real estate private equity firm InfraRed NF has joined with a mainland investment start-up to purchase an 84 percent stake in a $112 million commercial complex in Shanghai’s former French concession, according to an announcement last week.
Through a joint… Read More>>
Just over a month after Hainan government officials took over HNA Group, a report by Colliers International has revealed that the cash-strapped conglomerate has completed the disposal of the Shanghai HNA Tower for RMB 3.6 billion ($510 million).
The property… Read More>>