Another Chinese developer is selling off an overseas real estate project, but unlike its compatriots at Wanda, Greenland and HNA, state-owned Gemdale Properties and Investment is disposing of its grade A office project in San Francisco after completing and fully… Read More>>
Asia Real Estate People in the News 2018-07-09
A set of board level changes lead this week’s look at who’s changing places in Asia’s real estate world, as an Anbang executive appears to be exiting a role as some of the mainland’s leading corporates, and Korea’s biggest pension… Read More>>
HNA Says It Will Sell $16B in Assets Before July and More Asia Real Estate Headlines
It’s traditional to get rid of things you don’t need and to pay off debts before Chinese New Year, and China’s HNA Group appears to be honoring this heritage with the revelation of a planned sale of $16 billion in… Read More>>
Gemdale, Lincoln Put SF Office JV on the Block for Record Price
Chinese developers from Greenland to Wanda may be choking on their overseas property projects, but Shenzhen-based rival Gemdale could be in line for a big payday as it puts a newly completed, fully leased San Francisco office building on the… Read More>>
Gemdale Chooses Toll Brothers’ $500M Manhattan Condo Project for Latest US JV
Chinese real estate developer Gemdale Properties & Investment has set up its fifth US real estate joint venture in just over 13 months, and its second major project in Manhattan, according to an announcement yesterday to the Hong Kong stock… Read More>>
Gemdale Invests $70 Mil in NYC Condo Tower for 4th US Deal in 12 Months
Chinese real estate developer Gemdale Properties & Investment has made its fourth major investment in the US over the last 12 months, and its first in New York, as the Shenzhen-based firm continues to expand its North American footprint.
The… Read More>>
Gemdale Sets High Mark for 2016 With RMB 8.8B Pudong Land Deal
Gemdale Corp has taken the title of China’s new ‘land king’ as the developer outbid more than 20 rivals to pay RMB 8.8 billion ($1.3 billion) for a 140,252 square-meter parcel of land in Shanghai last week.
The Shanghai-listed company’s… Read More>>
Hines May Add 475 Homes to Boston Project After Gemdale JV
Leading US developer Hines teamed up with China’s Gemdale Properties & Investment in May to help kickstart a Boston project that has been in the works since 1990.
Now, just over three months later, the transpacific partners have submitted revised… Read More>>
PGIM Real Estate Closes on $642M APAC Fund and More Greater China Real Estate Headlines
A US real estate investment firm has reached a final close of $645 million on a fund covering Australia, China, Japan, Malaysia, Singapore, Hong Kong and South Korea. Meanwhile in Singapore, a Chinese developer is betting $218 million on a… Read More>>
Half of Mainland Developers Saw Net Profits Slide in 2015 and More China Real Estate Headlines
30 out of China’s 59 top developers suffered declining net profits last year, helping to explain why these mega-developers are looking for deals overseas or branching out into other industries. Meanwhile one of the country’s biggest real estate firms has… Read More>>