Growth in prices of new homes in China’s major cities nearly ground to a standstill in August, slowing still further from July, according to official data released on Monday, as demand suppression measures continue to lock down the housing market.
Colliers Appoints Head of Project Management for Asia
Colliers International has appointed Saacketh Chawla as its Head of Project Management for Asia, in a move to expand its services in the region, according to a recent statement by the international property consultancy.
In the newly created role, the… Read More>>
Mandarin Oriental Said Offered Record $3.8B for Excelsior Hotel
The Mandarin Oriental Hotel group has begun to receive offers for the Excelsior Hotel in Hong Kong’s Causeway Bay, with at least five bids reportedly valuing the four-star waterfront property at HK$30 billion ($3.8 billion).
If the 848-room Excelsior is… Read More>>
WeWork Calls UrWork a Co-Working CopyCat in NY Lawsuit
Shared office giant WeWork is suing Beijing-based rival UrWork over its “confusingly similar name” as the Chinese company prepares to launch a new centre in WeWork’s home base of New York.
WeWork, the world’s largest co-working brand, filed the suit… Read More>>
Cindat Capital Said Joining $660M Pursuit of UK Hotel Group
Cindat Capital Management is hungry for a bigger piece of the global hospitality market, as the Chinese private equity firm is reportedly in talks for a £500 million ($660 million) joint acquisition of Britain’s QHotels Group.
Cindat is teaming up… Read More>>
PAG Real Estate Closes Japan-Focused Opportunity Fund at $1.9B
The real estate arm of Hong Kong-based investment manager PAG has reached the final closing of its latest opportunistic Asian real estate fund with $1.9 billion in investor commitments, topping its initial target of $1.5 billion.
The Secured Capital Real… Read More>>
Country Garden Buys Hong Kong Waterfront Site From Wang On for $313M
China’s Country Garden has shrugged off a government clampdown on cross-border capital flows by acquiring its second Hong Kong project in less than three months. The Guangzhou-based developer is picking up a 60 percent stake in a waterfront residential site in… Read More>>
Frasers Centrepoint Buys UK Business Parks From Oaktree for $906M
Singapore-listed Frasers Centrepoint is taking a bet on British business parks by acquiring a portfolio of five UK properties around London and Glasgow, Scotland for £686 million ($906.2 million).
The international property firm is purchasing the 4.9 million square foot… Read More>>
Sino Land Sells 11,000 Unit Chengdu Project to Shenzhen Developer for $1.3B
Sino Land became the latest Hong Kong developer to unload a mainland project by selling off 80 percent of a residential-led development in the southwestern China city of Chengdu to a Shenzhen-listed developer for HK$10.51 billion ($1.34 billion).
Shenzhen Overseas… Read More>>
Colliers Launches Wholly Owned Japan Business
Global real estate consultancy Colliers International is boosting its platform in Japan by launching a wholly owned, company-branded business in the country. The NASDAQ-listed property services firm’s new Tokyo-based business comes as Colliers ends its 20-year affiliate relationship with partner… Read More>>
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