A joint effort by China Vanke, the country’s largest developer and Cinda Real Estate, a developer belonging to one of the country’s biggest asset managers, beat out 17 other bidders last week to offer RMB 12.3 billion ($1.87 billion) for… Read More>>
Savills Investment Management is looking to launch a second Japan investment vehicle to follow up on its Greater Tokyo Office Fund, according to a recent statement by the real estate investment specialist’s global CEO, Justin O’Connor.
The decision by Savills… Read More>>
Earlier this month US presidential candidate Donald Trump said China was “raping” the US with unfair trade practices, and now it has emerged that the New York real estate tycoon may have a history of hurling accusations at Chinese, including… Read More>>
For Chinese property developers, this week marks the closing of the first month under a new tax system that could either bring a reduction in costs, or new bureaucratic headaches to the industry.
The value-added tax (VAT) was rolled out… Read More>>
Savills Investment Management has named Michael Flynn as its new chief executive for Asia Pacific, as part of a flurry of senior level moves at the international real estate investment manager.
In his new role, Flynn, who formerly served as… Read More>>
After halting trading of Hong Kong-listed shares in his Dalian Wanda Commercial Properties more than a month ago, the path for Wang Jianlin to achieve his much-desired mainland listing is getting muddier as the Hong Kong stock exchange appears to… Read More>>
China Life Insurance Group has taken an undisclosed equity stake in New York City office tower 1285 Sixth Avenue in partnership with developer Scott Rechler’s RXR Realty. The $1.65 billion deal continues the recent overseas buying spree by China’s insurance… Read More>>
Overseas deals by Chinese real estate investors can be expected to grow by 10 to 15 percent in 2016, after doubling to $35 billion in 2015, according to a recent report by real estate agency Knight Frank.
Besides the natural… Read More>>
China Taiping Insurance is rumored to have won the race to acquire the One Harbourgate East Tower in Kowloon with a bid of HK$4.5 billion ($579.6 million), marking another foray by mainland financial services companies into the Hong Kong property… Read More>>
Mainland sovereign wealth fund China Investment Corporation has made its first significant US real estate investment, acquiring a 49 percent interest in the 1 New York Plaza office tower from Brookfield Property Partners for $700 million, according to reports in… Read More>>