An opportunistic fund managed by LaSalle Investment Management is acquiring a building in Shanghai’s Yangpu district from Landsea Green Management Limited for RMB 253 million ($35.2 million), with market sources expecting the US firm to renovate the property for use… Read More>>
China’s Zhenro to Default on $300M in Bonds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s Zhenro Properties is set for another offshore bond default, the property arm of Hong Kong’s Nan Hai suspends all staff for six months amid financial woes, and a pair of Singapore condo… Read More>>
Chinese Developer Completes $450M NASDAQ Listing and More Asia Real Estate Headlines
Asia’s real estate world starts the second full week of the new year with a US unit of a mainland developer going public on the NASDAQ through a backdoor listing at a $450 million valuation.
Also in… Read More>>
Asia Real Estate People in the News 2020-03-31
In this week’s edition of People in the News, one of Hong Kong’s largest developers has appointed a pair of new directors to its board, with a top ten mainland builder making a similar move.
With company earnings season in… Read More>>
Ping An-Landsea Green Fund Acquiring Office Assets in Shanghai’s Zhangjiang Hi-Tech Park
A joint venture between Ping An Real Estate and Landsea Green Group, the listed platform of Nanjing-based Landsea Group, has agreed to acquire an office property in Shanghai’s Zhangjiang High Tech Park, for an undisclosed sum, according to a Hong… Read More>>
Asia Real Estate People in the News 2018-11-26
Top level personnel changes at mainland developers continue to lead the people news in the industry, as some of China’s biggest homebuilders reshuffle their top positions during the current slowdown. Developer Landsea Group’s reshuffling of their executive suite leads today’s… Read More>>
Ping An Teams Up with Landsea for $1.5B China Rental Housing Fund
China’s Ping An Insurance Group and Landsea Group have become the latest mainland investors to wager on the country’s emerging rental housing market, as steep home prices in major cities fuel enthusiasm for the asset class.
Ping An Real Estate,… 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>>