Hong Kong real estate investment manager Pamfleet has agreed to acquire a commercial building in Hong Kong’s Tsim Sha Tsui on behalf of its Pamfleet Fund II for a price approaching HK$600 million, according to sources familiar with the pending… Read More>>
Singapore’s GIC Buys Deutsche Bank NYC Headquarters for $1.04 Bil
GIC has agreed to purchase a 95 percent stake in a New York office building for $1.04 billion, according to a statement this week by the Singaporean sovereign wealth fund.
The Southeast Asian mega-investor acquired 60 Wall Street from New… Read More>>
Blackstone Plans New $5B Asia Real Estate Fund
America’s biggest landlord is getting ready to build up its portfolio in Asia as Blackstone Group prepares to raise at least $5 billion for a new real estate fund focused on the region, according to a story in Reuters today… Read More>>
4 Chinese Cities Now Among World’s Least Affordable for Home Prices
2016 was supposed to be the year that Hong Kong housing prices began to tumble, but the only thing falling seems to be new sales records for expensive flats, as an independent survey shows the city’s homes to be the… Read More>>
No Capital Controls Here! China’s CIC Set to Boost US Investments in 2017
Despite reports of capital controls and a slackening in outbound investment, the head of China’s largest sovereign wealth fund expects the guardian of China’s foreign reserves to invest more in the US in 2017 than it did in 2016.
China… Read More>>
Dalian Wanda Revenues Drop 14% Despite Global Expansion Spree
Dalian Wanda Group chairman Wang Jianlin has used his status as China’s richest man to offer speeches and books on the way he built a local real estate company in northern China into one of the world’s largest property developers.
Blackstone, Warburg Pincus Said Bidding Against CIC for GLP
GLP hired JP Morgan just over a month ago to conduct a strategic review of its $8.6 billion business, and the investment bank appears to be earning its fees as two of the world’s largest private equity firms are now… Read More>>
Greentown China Announces $2.9B Global Investment Plan
After teetering on the edge of bankruptcy in 2014, real estate developer Greentown China has bounced back. Just two years after nearly selling itself to pay off creditors, the once insolvent home builder this week announced a RMB 20 billion… Read More>>
Gaw’s Pioneer Global Sells Hong Kong Building for $129 Mil
The Gaw family’s Pioneer Global Group has sold a commercial building near Hong Kong’s Central district for HK$1 billion ($128.96 million), according to a recent announcement to the Hong Kong stock exchange signed by Pioneer’s managing director, Kenneth Gaw.
The… Read More>>
Will Trump’s Son-in-Law Close Manhattan Deal with Anbang Before Inauguration?
Donald Trump is threatening China with a trade war, but could he be persuaded to hold fire if one of China’s best-connected investors finances his son-in-law’s multi-billion dollar Manhattan real estate project?
Jared Kushner, the head of Manhattan developer Kushner… Read More>>