America’s EB-5 investor visa program that gives permanent US residency to foreigners who invest at least $500,000 is set to expire on September 30, with no clear path for the program’s renewal after proposed reform measures stalled in the US… Read More>>
Fosun Said Planning $1B India Real Estate Platform
Fosun International is entering the Indian property market and plans to invest nearly $1 billion through a real estate platform it is setting up on the sub-continent, according to India’s Economic Times. If completed, this would be the second major… Read More>>
Chongbang Buys Out Keppel and Alpha Stake in Shanghai Complex for $517M
Shanghai-based Chongbang Group has agreed to pay Keppel Land China and Alpha Investment Partners a combined $516.9 million to buy back an 80 percent stake held by the two Singaporean investors in the Life Hub@Jinqiao project in Shanghai’s Pudong District…. Read More>>
Henderson Land Sells Golden Centre in Hong Kong for $563M
Henderson Land has agreed to sell Golden Centre in Hong Kong’s Sheung Wan district to an undisclosed buyer for HK$4.4 billion ($563 million) according to a statement by the real estate developer to the Hong Kong stock exchange.
While Henderson… Read More>>
Prosperity REIT Acquires Kowloon Tower From Phoenix for HK$1.9B
Prosperity REIT has agreed to acquire a 24-storey commercial building in Kowloon’s Kwun Tong area from Phoenix Property Investors, as the two property investment specialists continue to cash in on demand for office space in developing districts of Hong Kong.
China Vanke Buys First London Office Building for $154 Million
China Vanke may now own its first office building in the UK after reportedly agreeing to buy Ryder Court in London’s posh West End from Henderson Global Investors for £115 million ($154 million).
Situated in London’s Mayfair district near landmarks… Read More>>
Asian Fund Managers Said to Grab 92% of Capital for Regional Real Estate Funds
Money to invest in Asian property is increasingly being raised by real estate fund managers within Asia Pacific according to research released this week by an alternative investment market tracker.
Asia-based fund managers represent 92 percent of the property fundraising… Read More>>
Greenland Launches Western Europe’s Tallest Residential Tower in London
One of China’s biggest cross-border real estate investors is ready to start selling units at its £800million ($1.1 billion) London project and may get a chance to test first-hand whether Brexit has cooled buyer enthusiasm for UK housing.
Shanghai-based Greenland… Read More>>
WeWork Opens in Hong Kong with Funding, Brand Power and Uncertainty
WeWork opened its doors in Hong Kong for the first time on Thursday as the US co-working startup continues its expansion into Asia. The company’s initial foothold in the Asian financial centre occupies nearly 100,000 square feet (9,290 square metres)… Read More>>
Dalian Wanda Group to Build $9.5B Theme Park in Jinan as Joust with Disney Continues
Dalian Wanda Group says it will invest RMB 63 billion ($9.45 billion) to build a tourism and sports complex in Jinan, a gritty industrial city of just over 7 million people in northern China’s Shandong province. The combination theme park,… Read More>>
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