With mainland China already recovering from the effects of the pandemic and looking forward to a vaccine-powered rebound, the impact of the COVID-19 crisis on the country’s retail sector can be seen etched across the financial performance of the country’s… Read More>>
JD.Com Said Buying Wanda Billing Platform for $230M and More Asia Real Estate Headlines
Wang Jianlin’s Dalian Wanda Group continues to sell off piece of business units once touted as the future of the company, as a news report in China says the conglomerate will sell its online payment unit to e-commerce giant JD.com’s… 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>>
Blackstone Completes €66M European Shed Deal and More Asia Real Estate Headlines
European real estate assets lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Blackstone has completed its acquisition of twelve light industrial and logistics properties in Europe from a Singapore-listed REIT.
In other… Read More>>
Evergrande Holds on to Crown as China’s Top Developer Despite 2019 Slowdown
China Evergrande has retained its crown as China’s largest developer during 2019, as measured by contracted sales attributed to shareholders, as the country’s residential sector endures a period of slower growth.
The Shenzhen-based company chaired by mainland billionaire Xu Jiayin… Read More>>
Straits Trading Agrees to Acquire Trio of Tokyo Buildings and More Asia Real Estate Headlines
Singapore’s hunger for overseas property leads Mingtiandi’s roundup of real estate headlines today as one of the city state’s most active private investment firms has agreed to buy a set of three buildings in Tokyo.
Hong Kong’s ongoing struggles also… Read More>>
Future Land China Sale Kicks Off With RMB 4.15B in Disposals
Just three days after announcing a plan to dispose of 40 real estate projects in China, Future Land confirmed in a filing to the Hong Kong Stock Exchange on July 24 that it has executed equity and debt transfer agreements… Read More>>
Cai Xinyi, Daughter of Longfor Founder, Now China’s Youngest Billionaire With $7.2B Fortune
China has a new entry on the list of the world’s youngest billionaires as the twenty-something daughter of Longfor Properties founder Wu Yajun just saw her personal net-worth jump by HK$56 billion ($7.17 billion).
Cai Xinyi, daughter of Wu Yajun… Read More>>
China’s Anbang Hires BoA to Sell Hotel Portfolio and More Asia Real Estate Headlines
The trials facing mainland corporates caught on the wrong side of Beijing policy changes loom large in today’s real estate headlines as Anbang and HNA try to sell off some of their harder-to-sell assets and mainstream developers face the prospect… Read More>>
CPPIB Joins China Rental Housing Rush in $817M Deal With Longfor
Canada Pension Plan Investment Board has struck yet another deal with its favorite mainland developer, Longfor Group Holdings, as the Canadian pension fund manager and the Beijing-based builder today announced an agreement to jointly invest at least $817 million in… Read More>>
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