Chinese investment firm Fosun International is reportedly in talks to to buy a 426 million euro ($495 million) stake in German food wholesaler Metro AG, unnamed sources told Bloomberg. With Metro’s current market capitalization of 4.85 billion euros, Fosun would… Read More>>
Lotte May Dump Five Mainland Stores and More Asia Real Estate Headlines
One of South Korea’s biggest conglomerates leads the news again today, as Lotte Group struggles to overcome geopolitical issues that have plagued its mainland business. Also in the headlines, two of Hong Kong’s biggest developers saw profits plunge in the… Read More>>
Wing Tai Reports 9X Profit Jump in Q3 and More Asia Real Estate Headlines
Singapore leads today’s news roundup with homegrown developers Wing Tai and Perennial Real Estate announcing huge profit swings in the previous quarter. Also in the Lion City, US pharma giant Johnson & Johnson is launching its new Asia Pacific head… Read More>>
US Hypermarket Chain Costco Sets Up in Shanghai
American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign retailers like Tesco and Lotte scale back their businesses in China due to market barriers and disappointing sales.
Costco inked an agreement with… Read More>>
Lotte Sells Mainland Stores to Chinese Rival for $230M After Missile Defense Clash
The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that has slashed its sales in the country by 77 percent.
Lotte Shopping will sell one of… Read More>>
Anbang Moving Ahead with Waldorf Condo Conversion and More Asia Real Estate Headlines
Anbang’s days as a major player in global real estate markets may be over, but the hangover from its buying binge is being felt in New York, as news today confirms that the now government-controlled Chinese insurer is moving ahead… Read More>>
China Taiping Said to Be Buyer of $1.3B HK Tower and More Asia Real Estate Headlines
Do borders even exist for real estate investors anymore? That’s the question on Mingtiandi’s mind as a report reveals China Taiping insurance as the buyer of Henderson Land’s project in Hong Kong’s North Point, and HK developer K Wah finalises… Read More>>
Li Ka-shing and Guo Guangchang Battle for Parking Space and More Asia Real Estate Headlines
At the top of the page today, some of Asia’s wealthiest investors are bidding for the rights to run a fleet of European parking lots. Also in the news, China’s much discussed but seldom encountered property tax has just moved… Read More>>
GIC Catches on to K-Style With $136M Seoul Shopping Mall Acquisition
Korea’s unique style and fashion sense may not be everyone’s cup of tea, but Singapore’s sovereign wealth fund appears to like what it sees in the country’s retail scene. GIC invested $136 million to acquire an interest in G-Square City… Read More>>
Li Ka-shing Feeling Brexit Blues And More Asia Real Estate Headlines
In the news today, Hong Kong’s Superman is weakened by kryptonite in its Brexit-form as shares in his affiliates continue to trend downward. Meanwhile Korea’s Lotte Department Store is teaming with Citic Group to enter the Shanghai retail sector and… Read More>>