ESR is negotiating the sale of a slice of a Shanghai office tower for around RMB 1.6 billion ($231 million) as the investment manager continues to dispose of assets acquired through its $5.2 billion buyout of Singapore’s ARA Asset Management… 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>>
Shanghai Office Rents Slide as Vacancy Hits Ten Year High
Grade A office rents in Shanghai continued their downward slide in the fourth quarter of 2019 as the citywide vacancy rate hit 20 percent, according to a report published by Cushman & Wakefield this week.
Amid a glut of space… Read More>>
CapitaLand and AEW Buy 70% of Shanghai Office Tower From HNA for RMB 2.75B
CapitaLand has formed a 50:50 joint venture with US real estate private equity firm AEW to acquire 70 percent of the Pufa Tower in Shanghai’s Lujiazui financial district from a vehicle controlled by HNA Group for RMB 2.75 billion ($402… Read More>>
Sunac JV Selling Pudong Commercial Project to CIC Insurance Unit for RMB 3.1B
A joint venture invested by Sunac China is selling an under-construction commercial project in Shanghai’s Lujiazui area to an insurer controlled by mainland sovereign wealth fund CIC for RMB 3.09 billion ($390 million), according to an announcement to the Hong… Read More>>
GIC Joins $5.4B Bet on AccorInvest and More Asia Real Estate Headlines
At the top of today’s news, Singapore’s sovereign wealth fund GIC is partnering with a group of global investors to shell out $5.4 billion for a controlling stake in the property business of France’s AccorHotel. Also in the headlines, debt-strapped… Read More>>
Creating a Riverfront Retail Destination at Harbour City in Shanghai Sponsored Feature
Pressure from e-commerce is focusing physical retail on the appeal of shopping as a social activity. Leveraging the social aspect effectively will require creating distinctive, attractive shopping environments.
Building a social retail hub is one of the central themes of… Read More>>
Shanghai’s Office Market Predicted to Surpass Hong Kong by 2020
Shanghai’s Grade A office market is expected to nearly double by 2020, reaching 13 million square metres and surpassing Hong Kong as the largest commercial market in Greater China according to a pair of studies released today.
Despite recent the… Read More>>
Shanghai Tower Seeks Help to Lease Out 220k Sqm of Office Space
China’s state-run real estate developers might be getting more market-oriented, or it could be that someone in the Shanghai city government realises that leasing out 220,000 square metres of office space is not a matter to be lef to chance.
In any case, the state-owned developers of the Shanghai Tower, have announced that they are seeking leasing agents to help fill the building.
China Property Firms See New Market in Old Age Homes – and more of Today’s China Real Estate Links | October 29, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
China’s property sector has been a reliable money-spinner even in… Read More>>