Private equity real estate firm Gaw Capital Partners has added another $921 million in new deals to its growing list of cross-border property acquisitions by picking up an office block in London and a hotel in Singapore, according to media… Read More>>
China Vanke Buys 20% Stake in $1.16B London Project
The mainland’s second largest developer by sales took its first step into the UK property market recently when China Vanke reportedly invested more than £30 million ($46.4 million) to acquire a stake of just over 20 percent in a London… Read More>>
$1.5 Bil Chinese Project in London Loses Financing After China Minsheng Bails
A £1 billion ($1.5 billion) project to build a centre for Chinese businesses in London is facing an uncertain future after Beijing-based Advanced Business Park’s primary financial backer announced this week that it was putting its investment in the redevelopment… Read More>>
Goodman Breaks Ground on $147M Distribution Centre Near Shenzhen
Australian industrial real estate developer Goodman Group started work on its first major project in southern China this month when it broke ground on a 70,330 square metre (757,025 square foot) logistics facility in Huizhou, Guangdong province.
The new warehouse… Read More>>
Anbang Outbids Canadian Competitors to Win $84M Toronto Tower
China’s Anbang Insurance expanded its growing portfolio of real estate assets to include Canada this month by outbidding at least ten Canadian competitors to purchase an office tower in Toronto for a reported C$110 million ($84.2 million).
Anbang, which leapt… Read More>>
Sun Hung Kai CFO Patrick Chan Resigns
Hong Kong real estate developer Sun Hung Kai informed the city’s stock exchange today that the company’s chief financial officer, Patrick Chan Kwok-wai, will not seek re-election to the board of directors next month, and is resigning from his duties… Read More>>
Two China Projects Win Top Awards at ULI Event
New urban projects from both Shanghai and Chengdu were recognised as world leaders in property development today when Sino-Ocean Taikoo Li Chengdu and the Jing An Kerry Centre both won top awards at an industry event in the US.
Sino-Ocean… Read More>>
Nike, Versace and Calvin Go Outlet in Guangzhou as Retail Park Opens
TH Real Estate, the property division of investment giant TIAA-CREF, announced late this week that it had opened its third outlet mall in China, as rising consumption on the mainland continues to drive retail growth.
The 118,000 square metre (1.3… Read More>>
Gemdale Buys Shanghai Site for Record Price
State-owned developer Gemdale Group beat out 16 competitors to pick up a residential site in Shanghai’s Jiading district for RMB 2.01 billion ($315 million), setting a new record per square metre for housing in the suburban area.
Gemdale’s bid was approximately… Read More>>
China’s Greenland Group Takes Aim at Japan with Investment Deal
One of China’s most prolific overseas real estate investors appears intent on adding another country to its portfolio as Greenland Group announced an investment deal with one of Japan’s largest financial conglomerates this week.
Shanghai-based Greenland said in a statement… Read More>>
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