Asia real estate and outbound investment news
One of Shanghai’s most traded office buildings is on the market for 20 percent below its 2015 acquisition price as landlords in China’s commercial capital continue to face challenges from ebbing business confidence and falling rents.
A fund managed by… Read More>>
Standard Chartered has sold a pair of office blocks in Shanghai’s Putuo district at a steep discount after repossessing the properties from US asset management giant BlackRock late last year, according to people familiar with the transaction who spoke to… Read More>>
Houston-based developer Hines and the Abu Dhabi Investment Authority (ADIA) have divested a 60-storey skyscraper in downtown Shanghai to a fund backed by China Post Insurance in a deal said to value the project at as much as RMB 10.9… Read More>>
A decade after forming its first joint venture with Longfor Properties, the Canada Pension Plan Investment Board (CPPIB) is selling its near-half stake in four projects with the mainland developer as it trims its exposure to commercial real estate in… Read More>>
Singapore’s OUE REIT is selling a Shanghai office tower for 35 percent below its 2018 valuation as it exits mainland China’s declining property market, according to a statement on Friday.
The manager of the SGX-listed trust informed the stock exchange… Read More>>
The Carlyle Group has sold a Shanghai office building for just over half of the price it paid to acquire the asset in 2015, as vacancy in the city’s office market continues to hover near record high levels amid… Read More>>
China Vanke has sold a 48 percent stake in Shanghai’s largest single-building shopping mall to partner GIC, as the cash-strapped mainland developer continues to sell off assets to ease its RMB 322 billion ($44.5 billion) debt burden.
Online corporate registry… Read More>>
New World Development has sold its 30 percent stake in an office tower in Shenzhen’s Nanshan district to a vehicle of the Cheng family who control the Hong Kong-based builder, as the company continues to lower its leverage.
The HKEX-listed… Read More>>
Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in Beijing’s Chaoyang district to joint venture partner Swire Properties and a vehicle of China Life Insurance for RMB 4 billion ($552 million),… Read More>>
A joint venture controlled by New York’s Rockefeller Group has agreed to sell a pair of office buildings on Shanghai’s Bund waterfront to an online insurer backed by Ant Financial, Tencent and Ping An, with the HKEX-listed firm vowing to… Read More>>
