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>>
GIC, M&G Join Bidding for $400M Seoul Tower and More Asia Real Estate Headlines
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>>
Joy City Scores 49% Return By Flipping Hong Kong Office Floor for $77M
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>>
Grosvenor Flips Shanghai Mall to Joy City for $202M
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.
Joy City Sells Stake in 6 Mainland Projects to GIC and China Life for $1.4B
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).
Shanghai Housing Sales Rise 78% in One Week and More China Real Estate Headlines 2016-03-08
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>>
China State-Owned Giant COFCO Bids for Dutch Food Firm
Cofco submitted a binding bid for the stake last month, a person familiar with the transaction said. The stake is worth around US$250 million, but it wasn’t immediately clear how much Cofco will pay.
COFCO, formally China National Cereals, Oils and Foodstuffs Corporation, is China’s largest food processing, manufacturer and trader.