A £1 billion ($1.5 billion) project to build a centre for Chinese businesses in London is facing an uncertain future after Beijing-based Advanced Business Park’s primary financial backer announced this week that it was putting its investment in the redevelopment… Read More>>
Goodman Breaks Ground on $147M Distribution Centre Near Shenzhen
Australian industrial real estate developer Goodman Group started work on its first major project in southern China this month when it broke ground on a 70,330 square metre (757,025 square foot) logistics facility in Huizhou, Guangdong province.
The new warehouse… Read More>>
Tang Wei Leng Takes Over at Colliers Singapore
Colliers International Group announced on Tuesday that Tang Wei Leng has been appointed as managing director of the company’s Singapore business. The new hire represents a return to Colliers for the veteran agency operative, who takes over the post vacated… Read More>>
GLP Leases 89k Sqm of China Warehouses on Growing Retailer Demand
Global Logistics Properties has leased another 89,000 square metres (958,000 sq ft) of warehouse space in China as the Singapore-based developer of distribution facilities continues its quest to dominate the mainland’s rapidly growing logistics real estate sector.
The developer, which… Read More>>
Anbang Outbids Canadian Competitors to Win $84M Toronto Tower
China’s Anbang Insurance expanded its growing portfolio of real estate assets to include Canada this month by outbidding at least ten Canadian competitors to purchase an office tower in Toronto for a reported C$110 million ($84.2 million).
Anbang, which leapt… Read More>>
Redwood Group Leases 44k Sqm to Single Occupier in Kunshan
China’s growing demand for international grade logistics space was demonstrated again this month when The Redwood Group leased 44,517 square metres at its Kunshan Distribution Centre One to a single occupier.
By signing the new lease with Chinese consumer product… Read More>>
Sun Hung Kai CFO Patrick Chan Resigns
Hong Kong real estate developer Sun Hung Kai informed the city’s stock exchange today that the company’s chief financial officer, Patrick Chan Kwok-wai, will not seek re-election to the board of directors next month, and is resigning from his duties… Read More>>
Moody’s Sees Lower Down-Payment Levels Boosting China Developers
China’s decision just before the holiday to lower down-payment requirements on mortgages is already paying off for the country’s property developers, and is expected to ease access to credit for the sector.
After the People’s Bank of China announced on… Read More>>
Two China Projects Win Top Awards at ULI Event
New urban projects from both Shanghai and Chengdu were recognised as world leaders in property development today when Sino-Ocean Taikoo Li Chengdu and the Jing An Kerry Centre both won top awards at an industry event in the US.
Sino-Ocean… Read More>>
Nike, Versace and Calvin Go Outlet in Guangzhou as Retail Park Opens
TH Real Estate, the property division of investment giant TIAA-CREF, announced late this week that it had opened its third outlet mall in China, as rising consumption on the mainland continues to drive retail growth.
The 118,000 square metre (1.3… Read More>>
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