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China’s Outbound Ambitions Not Done Yet as Beijing Builder Eyes $204M London Prize

2018/04/10 by Greg Isaacson Leave a Comment

Beijing Zhaotai Group is poised to make its first foray into the British property market, as the mainland developer is in talks to buy a prime City of London commercial building for £145 million ($204 million), according to a report.

… Read More>>

Stan Tang Stan Group

Heir to HK’s Shop King to Redevelop Industrial Building in JV with Chinese Estates

2018/04/10 by Shawna Kwan Leave a Comment

As a new generation takes over leadership of major Hong Kong developers including CK Assets and New World Development, the heir of the city’s “shop king” Tang Shing-bor is building on a relationship with a HKEX-listed developer first forged by… Read More>>

Hysan Lee Garden 3

Goldman Leases Five Floors in Causeway Bay as Blue Chip Bank Balks at Central Rents

2018/04/07 by Shawna Kwan Leave a Comment

Hong Kong’s Central has rents so high that even a $900 billion investment bank has decided to flee the city’s traditional business district. Goldman Sachs is said to be moving its back office staff to a new location three metro… Read More>>

Chen Feng HNA

HNA Plans to Sell $6.5B Hilton Stake – Adds to $6.6B 2018 Fire Sale

2018/04/07 by Shawna Kwan Leave a Comment

Debt-ridden HNA Group is planning to sell a stake in hotel operator Hilton Worldwide Holdings worth as much as $6.5 billion, after the group shed shares in two Hilton spinoffs in March for $2.4 billion.

The Hainan-based group is selling… Read More>>

LaSalle Buys Office Tower in Shanghai’s Hongkou District From Alpha

2018/04/05 by Greg Isaacson Leave a Comment

LaSalle Investment Management has acquired Shanghai International Plaza (盛邦国际大厦) in Shanghai’s Hongkou district, marking the third time the 31-storey, grade A commercial tower has changed hands in seven years.

The US-based real estate investment firm purchased the property on behalf… Read More>>

Starcrest Scores $277M Final Close of Second China Real Estate Fund

2018/04/05 by Greg Isaacson Leave a Comment

Private equity shop Starcrest Capital Partners has achieved a $276.5 million final close of its second China real estate fund, the Hong Kong and Shanghai-based company announced.

The vehicle’s limited partners include banks, endowments, pension funds, asset managers and family… Read More>>

Yang Guoqiang

Country Garden Buys $562M East London Housing Project in First UK Foray

2018/04/04 by Greg Isaacson 1 Comment

Country Garden, China’s biggest developer by contracted sales, has made its British debut by buying up a 785-home project in east London for a reported £80 million ($112 million), in a rare recent acquisition of a UK development site by… Read More>>

Wu XIaohui

Chinese Government Announces $10B Bailout of Anbang Insurance

2018/04/04 by Shawna Kwan Leave a Comment

China’s government is injecting RMB 60.8 billion ($9.67 billion) into Anbang Insurance Group after the embattled insurer was taken over by the insurance regulator in February and its chairman put on trial on fraud charges last week.

The newly merged… Read More>>

Louisa Luo CBRE

CBRE Appoints Louisa Luo as Head of Wuhan Office

2018/04/04 by Shawna Kwan Leave a Comment

CBRE has looked to its industrial team for leadership of its Wuhan office, as the real estate consultancy announced this week that Louisa Luo will take over as Regional Managing Director for Central China, based in the capital of Hubei… Read More>>

KKR-Led Group Poised to Buy $1B Seoul Office Project in Record-Breaking Deal

2018/04/03 by Greg Isaacson Leave a Comment

A consortium led by US private equity giant KKR & Co is poised to land the biggest single-asset property deal in South Korean history by scooping up a twin office tower complex in Seoul worth an estimated 1.1 trillion won… Read More>>

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