Private equity billionaire Stephen A Schwarzman, whose Blackstone Group has been an aggressive investor in China, last weekend marked the start of a new $435 million elite scholarship program at Beijing’s Tsinghua University campus. Schwarzman Scholars welcomed its inaugural class… Read More>>
Peter Sharp of Walmart Named President of Taubman Asia
Taubman Centers has named Peter J Sharp as president of Taubman Asia, as current president René Tremblay transitions to chairman of the Asian branch of the US retail REIT effective January 1 next year, according to a statement by the… Read More>>
Happy Moon Festival From Mingtiandi
Thursday night will be a special full moon, as Chinese (and Korean and Vietnamese) people celebrate the Mid-Autumn or Moon Festival by eating cakes that most of them find pretty unappealing and taking a day off from work.
Here at… Read More>>
Prosperity REIT Acquires Kowloon Tower From Phoenix for HK$1.9B
Prosperity REIT has agreed to acquire a 24-storey commercial building in Kowloon’s Kwun Tong area from Phoenix Property Investors, as the two property investment specialists continue to cash in on demand for office space in developing districts of Hong Kong.
Schroder Real Estate Hires John Chantrell to Run Asia Business
Schroder Real Estate has appointed John Chantrell to the newly created role of Head of Asian Real Estate as the UK-based asset manager ramps up its presence in the region.
Chantrell, who will be based in Hong Kong, joins Schroders… Read More>>
Why Wang Jianlin Wants More Chinese Films in His Global Theatre Empire
Wang Jianlin, the Chinese property tycoon who has been buying up theatre chains in the US, UK and Australia sees his screen empire as a means to export Chinese culture globally, according to statements in a recent TV interview with… Read More>>
Bank of China Spends $100M on a New Sydney Office
Bank of China may have a new place to call home in Sydney after buying the 140 Sussex Street building from Deutsche Asset Management’s RREEF Real Estate for A$130 million ($100 million), The Australian reported. The bank has yet to… Read More>>
After Nearly 4 Year Market Slide, Singapore Says Property Curbs Here to Stay
Singapore home prices are on the city-state’s longest slide in almost two decades, but the authorities running the country’s economy have no intention of letting up on the restrictions that started taking the air out of a historic pricing bubble… Read More>>
China Minsheng Acquires London Office Complex From Société Générale
China Minsheng Investment purchased Société Générale’s central London headquarters from the French bank for £84.5 million ($112.8 million) through its Hong Kong-based subsidiary SRE Group. According to a statement by SRE Group to the Hong Kong stock exchange, the deal… Read More>>
Foreign Buyers Taxed Out As Vancouver Home Sales Fall 23%
The red hot housing market of Vancouver finally had some cold water thrown on it as new figures from the Real Estate Board of Greater Vancouver (REBGV) show home sales fell nearly 23 percent last month. The government in British… Read More>>
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