COFCO Property has been given a green light by the China Securities Regulatory Commission (CSRC) to buy back a controlling 64.18 percent stake in Hong Kong-listed commercial real estate developer Joy City Property for RMB 14.76 billion ($2.15 billion), re-integrating… Read More>>
Architecture firm Benoy has won an international competition to design a 300,000 square metre, mixed-use project in the eastern Chinese city of Suzhou for one of China’s biggest developers, the UK-based company announced today.
The project, COFCO Joy Breeze, integrates… Read More>>
Leading today’s roundup, e-commerce giant JD.com is ramping up its logistics investments by bagging a 10 percent stake in China’s second-largest warehouse developer. The residential arm of Vietnam’s Vingroup is believed to have raised about $1.35 billion in its initial… Read More>>
China’s COFCO Group is merging a pair of real estate developers with a combined market cap of $4.7 billion dollars as the state-owned conglomerate follows through on restructuring plans related to state-owned enterprise reform and cross-border transactions first announced in… Read More>>
Commercial real estate developer Joy City Property is selling the W Hotel Beijing Chang’an to a Shanghai-based fund for a total of RMB 2 billion ($302 million), according to an announcement to the Hong Kong stock exchange on Friday by… Read More>>
South Korea continues to push its way back into the investment target area today as a $400 million Seoul office tower is said to receive bids from Singapore’s GIC and London-based M&G. Slightly to the south and west, Houston-based Hines… Read More>>
Mainland investors may have a keen appetite for Hong Kong office property, but one company from north of the border is taking advantage of ever-loftier values by offloading a prized piece of real estate in the city’s Central district. Shopping… Read More>>
Less than three months after selling a 49 percent stake in six of its existing mainland malls, Chinese retail developer Joy City has put some of its cash hoard to work buying a Shanghai shopping centre from the UK’s Grosvenor.
Mainland commercial developer Joy City has agreed to sell a 49 percent stake in six mixed-use projects in China to an investment fund to be controlled by Singapore’s GIC and mainland insurer China Life for RMB 9.29 billion ($1.4 billion).
China’s recent moves to lower interest rates and cut taxes on home sales have been aimed at reviving the real estate market in lower tier cities, but mostly appear to be pumping up a housing bubble in Shanghai and Shenzhen…. Read More>>