Singapore-listed City Developments Ltd today announced RMB 6.7 billion ($974 million) in new investments in mainland China, including plans to take a 24 percent stake in mainland developer Sincere Property Group, and the acquisition of a Shanghai commercial asset from… Read More>>
Arch Capital-Backed Co-Living Operator Opens 2nd Location in Hong Kong
Co-living provider Oootopia unveiled its second shared residence last week, according to an announcement by the company, opening the doors to a 49 unit property in Kowloon as the private equity-backed startup expands its Hong Kong footprint.
The opening of… Read More>>
Huazhu Partners with Everbright Ashmore for China Hotel Investment Fund
Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its network of economy hostelry chains in China, has teamed up with investment giant China Everbright’s real estate investment arm to launch a private equity investment fund focusing on hotel and… Read More>>
China Vanke Names Wang Wenjin Group CFO in Management Reshuffle
China Vanke Co, China’s second-largest real estate developer in 2018 by contracted sales, has announced a senior management reshuffle that sees Wang Wenjin promoted to group chief financial officer.
52 year-old Wang has taken over Vanke’s top finance job from… Read More>>
Nan Fung Pays RMB 2.4B for Office Site in Shanghai’s Gubei
Hong Kong’s Nan Fung International Holdings has won the rights to a commercial plot in Shanghai’s Changning district after the developer agreed to pay RMB 2.4 billion ($352 million) to purchase the site at a government land auction this past… Read More>>
Wheelock Sells House at Hong Kong’s Peak for HK$720M Four Months After Failed Deal
A house at Mount Nicholson, a high-end development at Hong Kong’s Jardine’s Lookout, has been sold for HK$720 million ($91.73 million), according to local media accounts.
The sale of the house No 16 at Mount Nicholson, which is changing hands… Read More>>
Hang Lung Said Selling Kowloon Industrial Building for HK$4B
Hong Kong-listed developer Hang Lung Properties is said to have agreed to sell an industrial building in Hong Kong’s Cheung Sha Wan area to a consortium of investors for HK$4 billion ($510 million), according to local media accounts citing sources… Read More>>
AEW Appoints Former SC Capital Exec Gillian Chee in Singapore
AEW Capital Management has appointed Gillian Chee as a senior executive in its Asia Pacific team, according to an announcement this week by the Boston-based investment company.
Pending regulatory approval, the former SC Capital Partners senior fund manager will have… Read More>>
IWG’s Spaces Takes Over Xintiandi Co-Working Centre After Kr Space Default
Spaces, the co-working arm of European flexible office giant IWG, has taken over a 5,000 square metre (54,000 square foot) office space next to Shanghai’s Xintiandi complex, securing the location in the Infinitus Tower from former occupier Kr Space, according… Read More>>
Allianz Commits $600M to GLP China and Japan Funds
Allianz Real Estate is investing $600 million into real estate investment funds managed by logistics real estate developer and fund manager GLP which target investments in China and Japan, according to an announcement today by the two companies.
In its… Read More>>
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