Britain’s Grosvenor Group is moving into the Japanese retail sector by picking up a 10-storey shopping tower in Tokyo’s Ginza district, adding to the company’s more than HK$6.8 billion ($871 million) in real estate assets under management in Asia Pacific.
Grosvenor Sells West End Trophy to Hong Kong Scion for $202M
Brexit may yet prove to have dire consequences for the UK, but it hasn’t stopped the kingdom’s royals from making a profitable property play this month, as the Duke of Westminster’s real estate firm sells off a West End commercial… Read More>>
Asia Real Estate People in the News 2017-04-03
While much of Greater China takes a break to clean up gravesites and honor their ancestors, the region’s real estate professionals remain on the move, with a number of high level job changes being reported just before the holiday. This… Read More>>
AXA Investment Managers Appoints Yoshihiko Hayafuji as Head of Japan
Fund management giant AXA Investment Managers has continued its march into Asia with the appointment this week of Yoshihiko Hayafuji as Head of Japan for AXA Investment Managers – Real Assets (AXA IM – Real Assets).
Based in Toyko, Hayafuji… Read More>>
Grosvenor Flips Shanghai Mall to Joy City for $202M
Less than three months after selling a 49 percent stake in six of its existing mainland malls, Chinese retail developer Joy City has put some of its cash hoard to work buying a Shanghai shopping centre from the UK’s Grosvenor.
China’s CIC and AEW Team Up to Buy Two French Malls From Grosvenor for $206M – Exclusive
China Investment Corporation (CIC) decided a little retail therapy was in order after announcing it had recorded a loss on overseas investment in 2015 a few months back. For the sovereign wealth fund this shopping binge meant investing €188 million ($206… Read More>>
Greater China Real Estate People in the News 2016-04-25
This week one of the UK’s best known developers appoints a new chief representative for China, a Shanghai builder adds senior management to its industrial team, and some international talent heads south from Shanghai to Hong Kong. Read on for… Read More>>
TH Real Estate Grows APAC Team With Hire of New Research Head
Property investment manager TH Real Estate continues its expansion in the region this month with the appointment of Harry Y Tan, formerly of Grosvenor, as its new Head of Research for Asia-Pacific.
Tan joined TH, which was formerly known as… Read More>>
China Real Estate News Around the Web 2015-09-23
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Li Ka-shing’s Morality Questioned by Xinhua
A recent attack on Hong Kong billionaire property tycoon Li Ka-shing in China’s state-controlled media… Read More>>
Nick Loup Joining Board of London’s Chelsfield Group
London-based Chelsfield recently announced that Nicholas Loup, the long-time APAC head of Grosvenor will be joining the UK real estate investment firm’s board of directors.
Industry observers believe that the decision by Chelsfield to include Loup among its top decision-makers… Read More>>