One of Singapore’s busiest listed trusts leads today’s look at real estate news from around the region, with CapitaLand Ascendas REIT completing a UK logistics acquisition. Also in the news, a tender for a Singapore rental residential project receives 13… Read More>>
State-Backed Lujiazui Group Marketing $4.1B in Shanghai Offices as Crisis Deepens
As analysts warn of a “lost decade” in Chinese office markets, state-backed Shanghai Lujiazui Development Group Co Ltd, better known as Lujiazui Group, is scrambling to sell about 20 Shanghai office towers estimated to be valued at RMB 30 billion… Read More>>
China Home Prices Fell Again in October and More Asia Real Estate Headlines
Mainland China’s ongoing housing crisis leads the real estate news from around the region today as government statistics show home prices declining at the swiftest rate in nearly nine years. Also in the news, the Hong Kong government is accusing… Read More>>
Swire Confirms $1.35B Investment in Pair of Pudong Development Projects
Just before heading off for China’s National Day holiday Swire Properties confirmed its purchase of stakes in a pair of mixed-use projects in Shanghai’s Pudong district from local government developer Lujiazui Group as it continues to expand its holdings in… Read More>>
Swire in $1.3B Deal to Buy 40% Stakes in Pair of Lujiazui Group Projects in Pudong
Swire Properties is picking up a 40 percent stake in two mixed-use projects in Shanghai’s Pudong district at a combined value of $1.33 billion through separate joint ventures with government-backed Lujiazui Group, including a previously announced joint development in the… Read More>>
Swire Boss Signs Deal for Pudong Mega-Project During China Tour
Swire Properties’ chief executive Tim Blackburn has concluded a fruitful trip to mainland China, securing a deal last week to develop a new mixed-use project in Shanghai’s Pudong district, breaking ground for Swire’s second luxury retail project in Guangzhou and… Read More>>
Lujiazui Group Pays RMB 9.1B for Site of Shanghai’s First Suburban Supertall
Lujiazui Group, the largest state-owned developer in Shanghai’s Pudong district has agreed to pay RMB 9.1 billion ($1.28 billion) to acquire a mixed-use site in the city’s Zhangjiang High Tech Park, according to an announcement last week by the Shanghai… Read More>>
Swire’s Pudong Mall Project Moves Forward With $213M Purchase of JV Stake
After opening its HKRI Taikoo Hui mall at 90 percent occupancy in November, Swire Properties is set to develop its second retail project in Shanghai. The latest venture for the Hong Kong-based builder is in Pudong’s Qiantan Area, an international… Read More>>