China CITIC Bank Corp, the banking arm of one of the mainland’s largest state-owned investment conglomerates, has filed a lawsuit in Canada to seize real estate assets in Vancouver worth C$7.3 million (US$5.58 million) from a businessman accused of fleeing… Read More>>
Bank of China Joins $1.5B Consortium Funding $3.1B NYC Project
The Chinese investment surge in Manhattan continues, as Bank of China has been announced among the partners that will provide a $1.5 billion construction loan for a new office tower that will rise above the neighboring Empire State Building.
The… Read More>>
Ping An Real Estate to Invest Over $300M into e-Shang Redwood’s Japan Projects
Leading Chinese institutional investor Ping An Real Estate has committed more than $300 million to invest in warehouse projects in Japan with logistics real estate platform e-Shang Redwood as fund managers continue their love affair with Asia’s distribution centres.
Ping… Read More>>
Greenland Teases Potential S-REIT Investors with Promise of LA Hotel
What if you built a $3.24 billion portfolio of hotels in China and no one wanted it? Shanghai-based Greenland Group seems to be struggling with this question as the developer, which ranks as the mainland’s second-largest by sales, continues to… Read More>>
GLP Chairman to Helm Urban Land Institute in APAC
Dr Ngee Huat Seek, chairman of Global Logistic Properties and former president of GIC Real Estate has been named chairman of the Asia Pacific region for the Urban Land Institute (ULI), according to a statement released by the real estate… Read More>>
Anbang, Sino-Ocean Take Cornerstone Stakes in $433M China Warehouse IPO
Mainland warehouse developer China Logistics Property Holdings, which was formerly known as Shanghai Yupei Group, has pulled in cornerstone investments from Anbang Insurance and Sino-Ocean Group for a planned $433 million Hong Kong IPO, according to published reports.
Together the… Read More>>
TH Real Estate and Gaw Plan $2B China Outlet Mall Fund
Global property investment manager TH Real Estate has teamed up with Hong Kong’s Gaw Capital to launch a new investment fund aimed at capitalising on China’s love for discounted luxury goods.
The China Mall Outlet Fund hopes to build on… Read More>>
PAG Announces $1.3B Closing of Asia Real Estate Fund
Hong Kong-based alternative investment manager PAG has reached a further closing of its new pan-Asia property fund, bringing the investment vehicle up to $1.3 billion in commitments.
This latest closing of PAG Real Estate Partners Fund (PREP) comes just over… Read More>>
Happy CPC Founding/SAR Day From Mingtiandi
For many of our readers, Thursday is the last working day of this week, as mainland China and Hong Kong prepare to celebrate the founding of the Chinese Communist Party, or the return of Hong Kong to China. (Or you… Read More>>
HK Hotel Owner Buys $93M London Property Just in Time for Brexit
A Hong Kong tycoon has acquired a London hotel for GBP 70,300,000 ($92.9 million) just in time for the UK to begin leaving the European Economic Union, a move which is expected to take the air out of a frothy… Read More>>