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Jia Yueting LeEco

Le Eco Says It’s Selling Beijing Mall to China Vanke for RMB 4 Bil

2017/06/15 by Michael Cole Leave a Comment

Cash-strapped Chinese tech giant LeEco is said to be telling creditors that it is close to scoring a major windfall on the sale of a Beijing mall to China Vanke as entrepreneur Jia Yueting scrambles for cash.

CFO Zhang Wei… Read More>>

Lee Shau-kee

Henderson Buys Kowloon’s Hoi Hing Apartment Project for $217M

2017/06/15 by Greg Isaacson Leave a Comment

Henderson Land Development bought the remaining stake in a 53-year-old Kowloon apartment block that it did not already own for the reserve price of HK$1.698 billion ($216.6 million) this week, with plans to redevelop the decrepit building into a new… Read More>>

Robert Wong Hongkong Land

HK Land Buys $682M Stake in Central SG Office Project

2017/06/14 by Greg Isaacson Leave a Comment

Hongkong Land is boosting its presence in Singapore by teaming up with a leading Malaysian developer to build and manage a pair of office towers within the Marina Bay Financial District, the companies announced Monday.

The Hong Kong-based property firm… Read More>>

andrew deng

CBRE Appoints Andrew Deng as Head of Western China

2017/06/14 by Greg Isaacson Leave a Comment

Los Angeles-based real estate agency CBRE has bolstered its mainland leadership team this week, with Andrew Deng taking the reins as Managing Director for Western China. Based in Chengdu, Deng will oversee the company’s platform and business lines in the… Read More>>

Wu Xiaohui Anbang

Anbang Insurance Chief Wu Xiaohui Said Detained Since Friday

2017/06/13 by Michael Cole Leave a Comment

Following months of rumours about his fate, Anbang Insurance chairman and CEO Wu Xiaohui has been detained by Chinese authorities, according to reports in mainland state-owned media.

The controversial insurance executive was taken away by “relevant departments” on Friday, according… Read More>>

Shanghai Gu Jinshan

Shanghai Retreats From Commercial-Titled Apartment Ban After Protests

2017/06/13 by Michael Cole Leave a Comment

The Shanghai government today announced modifications to its rules punishing owners and developers of commercial-titled apartments after hundreds of homebuyers protested the policy measures over the weekend.

In a statement posted on the city’s Housing and Urban-Rural Development office website… Read More>>

Wang Shi Vanke

Evergrande Loses $1B on Vanke Stake After Govt Thwarts Hostile Takeover

2017/06/11 by Michael Cole Leave a Comment

A rare attempt at a hostile takeover targetting China Vanke has ended with China Evergrande Group selling off a hard-bought 14 percent stake in the developer to a Shenzhen government company at a RMB 7.07 billion ($1.04 billion) loss, according… Read More>>

Chris-Zeuner LaSalle

LaSalle IM Teams with Korea’s NPS for $64M Prague Office Acquisition

2017/06/11 by Greg Isaacson Leave a Comment

LaSalle Investment Management has bought a prime office complex in Prague from Slovakia’s IAD Investments for approximately 57 million euros ($63.8 million), the companies announced last week. The US-based real estate investment specialist is making the acquisition on behalf of… Read More>>

John Lim ARA

ARA, Straits Real Estate Buying Sydney Office Tower for $207M

2017/06/08 by Greg Isaacson Leave a Comment

Straits Real Estate is teaming up with funds managed by ARA Asset Management to buy an office tower in downtown Sydney from a fund run by local investment firm Propertylink for A$275 million ($207.3 million), according to announcements this week… Read More>>

Beijing subway

Watch China’s Urban Rail Network Grow to 4,000 KM in Half a Century

2017/06/08 by Greg Isaacson Leave a Comment

China now has 26 cities with light rail transit networks and two of the world’s longest metro systems, but the world’s most populous nation got a late start at mass transit.

Mainland China’s underground rail networks started with just one… Read More>>

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