China’s insurance giants continue to show off their hunger for US real estate with Ping An Insurance reportedly preparing a bid for a 209,000 square metre (2.25 million square foot) office complex in the San Francisco bay area.
Ping An,… Read More>>
Greenland Group Readies $3.24B in Hotels for Singapore REIT Listing
Greenland Group continues to lessen its dependence on its domestic real estate market after China’s second largest developer by sales announced on Friday that it would package up 19 of its mainland hotels into a Singapore-listed REIT.
Once listed, the… Read More>>
WeWork Raises $430M From Legend and Hony for Asia Push
US co-working phenomena WeWork became the latest US “sharing economy’ startup to take aim at Asia this week when it raised $430 million in a round led by Chinese investors.
The six-year-old shared office provider is now valued at $16… Read More>>
SOHO China to Sell Pudong Office Tower This Month As Profit Slides 87%
Faced with disappointing leasing revenues for its portfolio of Shanghai and Beijing office properties, Soho China announced today that it would sell its Soho Century Plaza office project in Shanghai for an undisclosed sum.
At a press conference in Hong… Read More>>
Wang Jianlin Continues Hollywood Romance with $1.1B Theater Deal
China’s Dalian Wanda Group continues to expand into the global cinema industry as the company’s AMC Entertainment Holdings subsidiary agreed last week to buy out rival Carmike Cinemas in a $1.1 billion all cash deal.
AMC’s acquisition of the US’s… Read More>>
Country Garden Says It Will Take Over Shui On Project in Foshan
Mainland developer Country Garden announced recently that it has signed a preliminary agreement with Shui On Land to buy a major stake in the Hong Kong-listed builder’s Foshan Lingnan Tiandi project in the southern Chinese city of Foshan. A report… Read More>>
Greenland Group Proposes Deal for Brooklyn’s Biggest Office Building at Pacific Place
Greenland Forest City, a partnership between China’s second largest real estate developer and New York firm Forest City Ratner, is proposing to build Brooklyn’s biggest office tower, according to an outline plan presented to community representatives in New York last… Read More>>
Everbright Buys Wanchai Tower for $1.29B as Mainlanders Gobble Up Hong Kong
Mainland financial giant China Everbright announced late on Thursday that it has agreed to purchase the Dah Sing Financial Centre in Hong Kong’s Wanchai district for HK$10 billion ($1.29 billion), as Chinese giants continue to buy up real estate assets… Read More>>
Hong Kong Tops Ranks of World’s Most Expensive Offices
Hong Kong home prices may be coming down, but the city still ranks tops for the world’s most expensive office space, according to a report released today by property consultancy JLL.
Renting prime space in Hong Kong now costs an… Read More>>
Wang Jianlin Rents Out British Museum to Launch “The Wanda Way”
Not content to just be China’s richest man, Wang Jianlin now seems set on making himself a cultural icon, as the chairman of Dalian Wanda group this week rented out space in the British Museum to launch the English version… Read More>>
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