COFCO Property has been given a green light by the China Securities Regulatory Commission (CSRC) to buy back a controlling 64.18 percent stake in Hong Kong-listed commercial real estate developer Joy City Property for RMB 14.76 billion ($2.15 billion), re-integrating… Read More>>
Architecture firm Benoy has won an international competition to design a 300,000 square metre, mixed-use project in the eastern Chinese city of Suzhou for one of China’s biggest developers, the UK-based company announced today.
The project, COFCO Joy Breeze, integrates… Read More>>
China’s COFCO Group is merging a pair of real estate developers with a combined market cap of $4.7 billion dollars as the state-owned conglomerate follows through on restructuring plans related to state-owned enterprise reform and cross-border transactions first announced in… Read More>>
Tales of China retail lead today’s news as one of Hong Kong’s biggest developers invests $10 million into an artificial intelligence startup, while a Beigjing mall converts a whole floor into co-working space. A key cog in China’s Belt-and-Road initiative… Read More>>
Mainland investors may have a keen appetite for Hong Kong office property, but one company from north of the border is taking advantage of ever-loftier values by offloading a prized piece of real estate in the city’s Central district. Shopping… Read More>>
Mainland commercial developer Joy City has agreed to sell a 49 percent stake in six mixed-use projects in China to an investment fund to be controlled by Singapore’s GIC and mainland insurer China Life for RMB 9.29 billion ($1.4 billion).
The rush for land in China’s first-tier cities continues as Beijing-based COFCO Property Investment last week agreed to pay RMB 2.44 billion ($368 million) for a plot of residential land in Shanghai’s Pudong district. The price paid by the state-run… Read More>>
Cofco submitted a binding bid for the stake last month, a person familiar with the transaction said. The stake is worth around US$250 million, but it wasn’t immediately clear how much Cofco will pay.
COFCO, formally China National Cereals, Oils and Foodstuffs Corporation, is China’s largest food processing, manufacturer and trader.
Here is a list of the day’s latest China real estate news collected from around the web:
COFCO Property (Group) Co, the real estate unit controlled by State-owned… Read More>>
Despite the slowdown in China’s real estate market, Shanghai’s most expensive apartment ever was sold recently for RMB 220,000 per sqm.
Don’t count on living like a king in this super-luxury property, however, unless you plan on residing over a… Read More>>