An apartment block being built by Greenland Group in Sydney has hit a speedbump after the the New South Wales Environment Protection Authority ordered the Shanghai-based developer to clean up the contaminated development site before pursuing the… Read More>>
Blackstone May Sell $1.9B in China Assets to Vanke-Led Fund
China’s biggest developer is in talks to buy RMB 12.9 billion ($1.9 billion) in commercial property from an unspecified seller, which appears to be America’s biggest landlord, following a statement today from China Vanke regarding deal discussions.
The property firm… Read More>>
Wanda’s Gold Coast Jewel Losing Lustre After Year of Slow Sales
China’s Dalian Wanda Group’s 512-apartment Jewel project on Australia’s Gold Coast may be losing its shine after the company revealed that only 25 percent of apartments in the luxury condo complex have sold since the joint venture with fellow Chinese… Read More>>
JLL Boosts Greater China Hotel Team Amid Mainland Tourism Boom
International real estate service provider JLL is ramping up its hotel brokerage team in Greater China as the mainland undergoes an unprecedented tourism boom.
The US-based property consultancy is expanding its Hotels & Hospitality Group in Shanghai and Hong Kong… Read More>>
Chinese The Biggest Foreign Buyers of US Homes for 4th Year in a Row
Chinese buyers purchased $27.3 billion in US residential property in the year to March, exceeding the value of the next four largest overseas investors combined in terms of dollar volume and making them the top cross-border buyer of American real… Read More>>
Wanda Revenues Climb 10% Following Overseas Acquisition Spree
Dalian Wanda Group reported a 10.6 percent increase in revenue to RMB 119.9 billion ($18 billion) for the first half of 2016, outperforming expectations of flat growth. The conglomerate controlled by billionaire Wang Jianlin saw its revenues rise thanks largely… Read More>>
Swire to Invest US$1.93B, Add Two New Towers in HK’s Taikoo Place
Swire Properties has announced plans for two new high-end office towers in its Taikoo Place development, adding two million square feet (185,000 square metres) of prime space to the project in Hong Kong’s Quarry Bay.
The two new towers are… Read More>>
e-Shang Redwood Secures Tokyo Site Following Ping An JV
e-Shang Redwood (ESR) has secured a pair of new Tokyo-area sites as the Asian-based logistics developer continues to build up its portfolio in anticipation of a potential IPO later this year.
ESR paid an undisclosed amount to acquire the two… Read More>>
Developers Paid Over $7.5B for Shanghai Land in First Half of 2016
The value of land sold in Shanghai totaled RMB 50.6 billion ($7.5 billion) in the first six months of this year with half of the plots fetching premiums double the auction minimums, underscoring the demand for land in China’s first-tier… Read More>>
Miami Investor Flips SF Building to Shanghai Lingang to Make 44% Profit in 17 Months
A state-owned firm set up to develop a Shanghai satellite town around the city’s port has found a new safe harbor for its cash, parking $42.6 million into the purchase of a six-storey office building in downtown San Francisco.
Shanghai… Read More>>
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