The first sale of a plot of commercial land in Hong Kong’s central business district in more than 20 years is expected to stir up a bidding war that could bring offers of as much as HK$17 billion ($2.2 billion)… Read More>>
Singapore’s GIC Sovereign Wealth Fund Grabs 50% Stake in UK Mall for $60 Mil
Singapore’s sovereign wealth fund GIC has made its fourth European real estate investment in the past four months – this time snatching up a 50 percent stake in a new shopping mall in the UK for 48.5 million pounds ($60… Read More>>
Co-Working, Superman and China’s Rolling Wave of Cash – Asia’s Top 24 Real Estate Stories of 2016
In 2015 it was defaulting developers and cross-border binging that dominated Asia’s real estate headlines. This year, the defaulting disease seems to have eased, only to be replaced by co-working fever.
Also grabbing investor attention in 2016 were record-setting deals… Read More>>
Ping An Teams with Mitsubishi to Back $1B Lendlease Sydney Project
Chinese financial services giant Ping An is pushing further into the Australian property market through a $1 billion joint venture with Lendlease and Japanese conglomerate Mitsubishi, according to a statement late last week by the Aussie real estate developer.
Shenzhen-based… Read More>>
China Sets Key Precedent in Rolling Over Wenzhou Property Rights
Not many Chinese homes have chimneys for Santa to scoot down, but that didn’t stop 90 percent of the country’s households from receiving a most welcome present just in time for Christmas.
All but 10 percent of Chinese families own… Read More>>
Fosun Sells 50% Stake in Shanghai Bund Project for RMB 5.33B
“China’s Warren Buffett” has a point to make — that he is as good at selling assets as buying them.
In an open letter to his employees on December 8, Guo Guangchang, who controls China’s largest private conglomerate Fosun International,… Read More>>
HNA Group Sets 2nd Hong Kong Land Record in 2 Months with HK$5.4B Kai Tak Deal
China’s HNA Group continued its acquisition spree this week by returning to Hong Kong’s land market for a second record-setting site purchase in as many months.
The parent company of China’s Hainan Airlines agreed on Monday to pay HK$5.4 billion… Read More>>
Related Inks $950M Los Angeles JV With Unit of Blacklisted Chinese Builder
Related Companies has become the latest US real estate giant to tie up with a Chinese developer in order to kickstart a major project, after the company started by billionaire Stephen Ross signed a joint venture agreement with a unit… Read More>>
Link REIT Sells Off 5 Retail Centres for HK$3.6 Bil
Asia’s largest real estate investment trust has sold off five more retail properties in Hong Kong, raising HK$3.64 billion ($469 million) as it continues to sell off community shopping centres around the city.
The management of Link REIT revealed the… Read More>>
Warburg Pincus Raises $2 Bil for Latest China Fund
New York-headquartered private equity firm Warburg Pincus says it has raised a $2 billion fund to invest in China across sectors such as consumer goods and services, finance, healthcare, real estate, and energy as well as technology, media and telecommunications.