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Vanke Wang Shi

Vanke Beats 17 Rivals to Pay Record Price for Hangzhou Land – Then Backs Out

2016/06/02 by Michael Cole Leave a Comment

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>>

justin oconnor

Savills IM Adding to Japan Investment Rush With New Fund

2016/06/01 by Michael Cole Leave a Comment

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>>

Donald Trump

When Donald Trump Sued Vincent Lo and Henry Cheng for $1 Bil

2016/05/31 by Michael Cole 1 Comment

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>>

China VAT

China Real Estate Sector Closes on First Month Under VAT

2016/05/31 by Guo Chen 1 Comment

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>>

Michael Flynn

Savills IM Appoints Michael Flynn as APAC CEO

2016/05/29 by Michael Cole Leave a Comment

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>>

Wang Jianlin

Is Hong Kong Blocking Wang Jianlin’s Share Buy-Back Plan?

2016/05/29 by Michael Cole 2 Comments

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>>

1285-sixth-avenue

China Life Teams With RXR to Buy NYC Office Tower for $1.65 Bil

2016/05/26 by Bruce Haring 1 Comment

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>>

Knight Frank report

Chinese Outbound Real Estate Deals Predicted to Rise 15% in 2016

2016/05/26 by Bruce Haring 1 Comment

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>>

Wheelock chairman Douglas Woo

China Taiping Insurance Said Buying Kowloon Office Project for $580M

2016/05/26 by Spencer Sheehan Leave a Comment

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>>

China’s CIC Invests $700M in Brookfield’s 1 New York Plaza

2016/05/25 by Michael Cole Leave a Comment

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>>

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Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with … Read More>>

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The passing of a global architecture giant leads this week’s round of personnel updates on Mingtiandi, as KPF mourns the … Read More>>

LaSalle Promotes Nick Okumura to Japan CEO, Appoints Itaru Nogami to Manage Fund

Kunihiko Okumura LaSalle

LaSalle Investment Management on Wednesday announced the promotion of Kunihiko (Nick) Okumura to succeed Keith Fujii as … Read More>>

Asia Real Estate People in the News 2023-03-06

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Generational change leads this week’s set of personnel moves from Asia’s real estate community with 94-year-old tycoon … Read More>>

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