LaSalle Investment Management has opened its tenth logistics project in China, a 56,000 square metre warehouse and distribution facility in Beijing. The new launch brings LaSalle’s portfolio of completed logistics warehouse space in the country to 720,000 square metres, as… Read More>>
Macau Businessman Pegged as Buyer of Pamfleet’s $217M Bonham Circus
The mysterious buyer of the $217 million Bonham Circus building in Sheung Wan — a deal which Mingtiandi covered earlier this week — has now been revealed. Macau businessman Lucas Lo, chairman of Similan Group, along with other investors, is… Read More>>
Hongkong Land Buys $745M Nanjing Site for $1.9B Commercial Complex
Hongkong Land on Wednesday won a tender to develop a plot of commercial land in Nanjing, the capital of eastern China’s Jiangsu province, for RMB 4.8 billion ($745 million). The Hong Kong developer best known for The Landmark complex in… Read More>>
Seven of Hong Kong’s Ten Richest People are Real Estate Developers and They Own Half the City
Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real estate, according to the latest annual ranking of the city’s 50 richest people by Forbes.
Thanks to a roaring real… Read More>>
China Overseas Land Buys Suburban Beijing Site For RMB 5.5B
Top-ten mainland developer China Overseas Land and Investment (COLI) has purchased a 175,114 square metre mixed-use site in northern Beijing for RMB 5.45 billion ($847 million), according to official announcements following the government auction.
The site in Shahezhen town in… Read More>>
China Home Prices Rise in 57 of 70 Cities After First-Tier Markets Frozen
Home prices are rising across China, but smaller cities are getting most of the action, the latest official data shows.
New home prices, excluding government-subsidized housing, rose in 57 out of 70 cities nationwide in December, according to figures from… Read More>>
JLL Leads $3.8M Funding Round in Proptech Startup Foyr
Global real estate consultancy JLL is taking another bet on proptech innovation by leading a $3.8 million Series A funding for 3D visualisation startup Foyr.
JLL is joined by other individual and non-institutional investors for the funding round in the… Read More>>
Warburg Pincus, Sequoia and Tencent Lead RMB 4B Investment in Rental Housing Unicorn Ziroom
Chinese rental apartment provider Ziroom has raised RMB 4 billion ($621 million) in a series A financing round — the largest amount secured by a rental housing firm in the country, according to an article published on its official Wechat… Read More>>
Pamfleet Sells Hong Kong Office Building for $217M After Leasing to naked Hub
Andrew Moore’s Pamfleet is reported to have sold the Bonham Circus office building in Sheung Wan for HK$1.7 billion ($217 million), making a profit of HK$700 million ($89 million) in less than two years.
The buyer, which market sources indicate… Read More>>
Wanda Leaves London at a Loss, Selling One Nine Elms Site for $82M
Dalian Wanda Group continues to scale back its overseas empire, selling its flagship billion-dollar London project for £59 million ($81.5 million) just under four years after buying the site in south London’s Vauxhall area for £88.8 million.
Two units of the… Read More>>
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