LaSalle Investment Management has closed on its joint acquisition alongside a unit of Shanghai-based developer Jingrui Holdings of a retail and hotel property in the megacity’s Hongqiao area, with plans to convert the distressed asset into a multi-family residential project.
Asia Real Estate People in the News 2020-05-18
In this week’s edition of People in the News, the chief executive officer of a casino operator’s China business has announced his retirement, while a property consultancy has named a former WeWork executive as its managing director in Beijing.
Meanwhile… Read More>>
Co-Working Startup Distrii Raises $30M in Jingrui, CDL-Led Series A Round
China’s burgeoning co-working sector just got another burst of cash, with Shanghai-based shared office startup Distrii closing on a RMB 200 million ($30 million) round of financing from a group of global investors.
Singapore’s City Developments Limited (CDL) and California-based… Read More>>
Century Bridge Takes in $41.8M in First Exit For China Fund
US private equity firm Century Bridge Capital has sold a 43.24 percent stake in a mainland China residential project to partner Jingrui Holdings for $41.8 million, according to a statement this week by Jingrui to the Hong Kong stock exchange.
Shanghai Disney Resort 35% Residential Surge is No Fluke
Residential real estate prices near the soon to open Shanghai Disney Resort have surged by 35 percent in anticipation of the resort’s official debut next month. The good news for buyers and developers is that, based on the history of… Read More>>
Investors Shrug Off Kaisa, Buy $250M in New Chinese Developer Debt
China’s Kaisa Group became the country’s first real estate developer to default on its offshore debt obligations on Monday last week, and by Friday international bond investors were snatching up new notes issued by two junk-rated mainland property firms.
Hong… Read More>>