Fosun CEO Liang Xinjun is leaving the company he co-founded more than 25 years ago with four of his school buddies, as revealed by an unexpected announcement in Hong Kong today by Guo Guangchang, the billionaire chairman of the Shanghai-based… Read More>>
Ping An Finance Center Now China’s Second Tallest
Ping An Finance Center, a 599-metre (1965-foot) skyscraper in Shenzhen is now officially China’s second tallest building. The Kohn Pedersen Fox-designed megatall in the city’s Futian district now ranks just behind the 632-metre Shanghai Tower among the mainland’s loftiest erections,… Read More>>
China’s R&F Buys London Site for $74.8M Despite Capital Controls
Guangzhou R&F Properties has jumped into the UK market for the first time by acquiring a 5.5 acre (2.2 hectare) London residential site for £60 million ($74.8 million) from local real estate player Minerva, according to statements from R&F and… Read More>>
Mapletree Raises $535 Mil for $1.3B Student Housing Trust
After buying up a global portfolio of $1.3 billion in student housing, Singapore’s Mapletree Investments has raised $535 million for a private student accommodation trust, giving institutional investors a stake in its cache of dorms and apartments.
The student housing… Read More>>
China’s HNA Said Buying Park Ave Tower for $2.2 Bil in Latest NYC Deal
Reports of capital controls and falling investment numbers have raised doubts on the future of China’s wave of outbound real estate investment, but meddling bureaucrats and capital account figures seem to be no match for China’s high-flying HNA Group.
HNA… Read More>>
China’s HNA Touches Down in Kai Tak Again to Pick Up Fourth Site for HK$7.44 Bil
HNA Group has touched down at the site of Hong Kong’s former airport for the fourth time in as many months, buying its fourth plot of land in Kai Tak in as many months.
In this most recent run, the… Read More>>
Shui On Said Selling Stake in Shanghai Project for $1.6 Bil
Shui On Land, in a bid to pare its debts, is reported to have signed a memorandum of understanding with a buyer to sell off a 50 percent stake in its Ruihong Xincheng mixed-use project for RMB 8 billion ($1.16… Read More>>
JustCo to Open Singapore’s Largest Co-working Space on Shenton Way
JustCo is eager to become southeast Asia’s answer to WeWork, and the Singapore-based flexible office startup has taken a step towards achieving that goal by opening what it says is the city’s largest interconnected co-working centre.
At 40,000 square feet… Read More>>
Country Garden Closes Sales Offices for $100 Bil Malaysia Project Amid Capital Clampdown
China’s third largest developer has closed mainland sales offices for its largest overseas project as authorities in Beijing keep a tight grip on the country’s capital account.
Country Garden Holdings has shut the doors to sales offices in Shanghai and… Read More>>
China Vanke JV Acquires Pair of San Francisco Commercial Buildings
China Vanke has secured its second joint venture development project in San Francisco, according to an announcement this week by a financial institution which backed a pair of acquisitions by the top mainland developer and its San Francisco-based partner, Align… Read More>>
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