Australian industrial developer Goodman Group has sold a portfolio of seven Chinese logistics assets to the real estate private equity arm of China Everbright Limited. While no financial terms were disclosed, the deal for around nine percent of Goodman’s total… Read More>>
Angelo, Gordon and Chellarams Buy 9 Floors of Kwun Tong Building For HK$2.5B
Real estate fund manager Angelo, Gordon & Co and the family behind the Chellaram trading and transport firm have recently paid HK$2.5 billion ($320 million) for nine floors in an office building in the Kwun Tong area of Hong Kong’s… Read More>>
LaSalle Opens 10th China Warehouse in Beijing
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>>
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