China Minsheng Investment Group’s Hong Kong-listed real estate arm SRE Group has offloaded a half-stake in a pair of London properties for a total of £29.5 million ($40 million), six months after the company’s chairman stepped down following reports of… Read More>>
JD.com Opens Its Largest Unmanned Store in Xiong’an New Area
China’s second-largest e-commerce company by sales, JD.com, has opened its first unmanned store in Xiong’an New Area, a new district being built just south of Beijing that the central government intends to develop into a new economic hub.
JD.com opened… Read More>>
New World Development Wins $2.5B Skycity Project at Hong Kong Airport
New World Development has won the right to develop a HK$20 billion ($2.5 billion) commercial complex adjacent to the Hong Kong International Airport that will be almost five times the size of the city’s IFC Mall.
The city’s Airport Authority… Read More>>
Goodman Fund Buys Site in Hong Kong’s New Territories for $750M Logistics Project
An investment fund managed by Goodman Group has won a site in Hong Kong’s New Territories for HK$2.75 billion ($350 million), which the Australian warehouse builder will develop into a $750 million logistics facility.
A subsidiary of Goodman Hong Kong… Read More>>
CapitaLand’s Ng Kok Siong Now Link REIT CFO as Chris Brooke Joins Board
CapitaLand veteran Ng Kok Siong has joined the manager of Hong Kong’s Link REIT as chief financial officer, the company announced. In his new role at Link Asset Management Limited, Ng reports to George Hongchoy, CEO of the manager of… Read More>>
HNA Sells Shanghai Project to Mainland Developer Fusheng for $456M
While in talks to sell over $3 billion of overseas assets in the United States and Europe, debt-ridden HNA Group has offloaded another project in China for $456 million as the Hainan-based conglomerate struggles to climb out of a $100… Read More>>
Real Estate Agency E-House China Files for Hong Kong IPO
Less than two years after delisting from the New York Stock Exchange, China’s largest real estate agency has submitted an IPO application to the Hong Kong Stock Exchange, according to a statement uploaded to the exchange’s website.
E-House China, which… Read More>>
Logos Expands China Logistics Platform with Acquisition of Suzhou Site
Logos Property has announced its acquisition of a 69,000 square metre (743,000 square foot) industrial site in Suzhou’s Wujiang district as the regional logistics developer continues to expand its mainland China platform.
Logos, which operates in Australia, India and Southeast… Read More>>
Wanda Saw 22% Drop in Profits From Commercial Properties in 2017
Wanda Commercial Management Group, formerly known as Dalian Wanda Commercial Properties Co, recorded a 22 percent drop in profit generated from investment properties in 2017, according to a report in Tencent-owned business new site Yixian.
The developer’s operating profit from investment… Read More>>
Ex-Vanke Chief Wang Shi Named Co-Chair of Sky City Developer Broad Group
Just under one year after resigning as head of the development giant that he founded, former China Vanke chairman Wang Shi has resurfaced as co-chairman of a Changsha-based builder that once hoped to construct China’s tallest building, according to a… Read More>>
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