China Fortune Land Development (CFLD) has announced to the Shanghai Stock Exchange that it will accept debt financing of up to RMB 6 billion ($870 million) from Ping An Asset Management, the second-largest shareholder in the developer and a unit… Read More>>
HK Industrial Project Sells for $98M on Way to Becoming Data Centre
The redevelopment trend in Hong Kong’s largest logistics hub continues to heat up as an unnamed investor bought a 53,000 square metre industrial facility at 2-16 Lam Tin Street in Kwai Chung district for HK$770 million ($98 million), according to… Read More>>
Tsuen Wan Industrial Building Bought Up for HK$258M
Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed hands recently for HK$258 million ($33 million).
According to information released last week by the city’s Lands Department,… Read More>>
Decaying Workshop Sells for $158M in HK’s Tsuen Wan, Appreciating 808-Fold
An ageing industrial building in Hong Kong’s Tsuen Wan district has changed hands for HK$1.23 billion ($157.5 million) – appreciating nearly 81,000 percent over the past 45 years – reflecting investor enthusiasm for the asset class as the city government… Read More>>
UBS AM to Manage $176M ADIC Investment in Singapore Industrial Projects
The real estate investment wing of Swiss financial giant UBS is set to manage S$250 million ($176 million) in investment into industrial real estate projects in Singapore on behalf of Abu Dhabi Investment Corporation (ADIC), according to a recent statement… Read More>>
Gaw Capital Forms $151M Fund Targeting Aussie Industrial Assets
With property markets in Melbourne and Sydney looking as if they have peaked, Gaw Capital decided to go in another direction. The Hong Kong-based firm is teaming up with Abacus Property Group for an A$200 million ($151.5 million) opportunistic investment… Read More>>
China Real Estate Investors Ignore VAST Corruption in IPO
A Chinese real estate developer on the brink of listing on the Hong Kong Stock Exchange took the unusual step of declaring to investors that its operations were likely to be comprised by corruption.
But buyers snapped up the stock… Read More>>
German Newspaper Die Welt Cites RightSite.asia on China’s Real Estate Market
An article on the prospects for China’s real estate market in last week’s Welt am Sonntag featured market insight from RightSite.asia, China’s leading international platform on industrial real estate and quoted RightSite founder (and Mingtiandi author Michael Cole).
The… Read More>>
The OverTime Express
I’m not sure if anyone really takes weekends off in Shanghai, but folks starting their own businesses, like yours truly, almost never refrain from working for two straight days. We are in a hurry. We have places to go. Things… Read More>>
This week marked the beginning of the RightSite Schmooze Surge.
We’ve already told you about our nifty marketing plan, our cool site design, and our recruitment strategy, but this week we put into play one of our most powerful business… Read More>>