Wang Jianlin continues the expansion of his retail empire in mainland China, as the billionaire’s Dalian Wanda Group announced the opening of three large shopping malls just months after the commercial property developer chalked up a record drop in revenues.
Oceanwide Buys Historic SF Building as Add-On to $1.6B First & Mission Project
China Oceanwide, which is building the second-tallest skyscraper in San Francisco, has recently added to its landmark project by scooping up an adjacent retail property for $32.5 million. As reported in The Registry, the Beijing-based developer plans to renovate the… Read More>>
China’s Richest Man Gets a $700M Assist From Ping An for Chicago Skyscraper
China’s real estate developers have left home for Australia, Europe and the US, but that doesn’t mean that they’ve left their funding partners behind.
Chinese financial institutions are taking a growing slice of the real estate lending market in the… Read More>>
Ascendas-Singbridge Launches $500M India Logistics JV
Ascendas-Singbridge has become the latest international real estate investor to bet on India’s industrial real estate sector after the Singaporean developer announced a joint venture with Bangalore-based industrial specialists Firstspace Realty.
The new joint venture, Ascendas-Firstspace, hopes to close its… Read More>>
Le Eco Says It’s Selling Beijing Mall to China Vanke for RMB 4 Bil
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>>
HK Land Buys $682M Stake in Central SG Office Project
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>>
Anbang Insurance Chief Wu Xiaohui Said Detained Since Friday
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 Retreats From Commercial-Titled Apartment Ban After Protests
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>>
Evergrande Loses $1B on Vanke Stake After Govt Thwarts Hostile Takeover
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>>
LaSalle IM Teams with Korea’s NPS for $64M Prague Office Acquisition
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>>
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