The city of Nanjing is undertaking a $2 billion project to rebuild a three-kilometre stretch of riverfront which has long been home to an array of decaying factories and workshops, into a new urban district providing homes, workplaces and centres… Read More>>
Sanpower Selling House of Fraser After Launching Just Two Stores in Four Years
China’s Sanpower Group is poised to sell a majority stake in troubled UK retailer House of Fraser, less than four years after the Nanjing-based conglomerate bought an 89 percent interest in the department store chain.
Sanpower subsidiary Nanjing Cenbest (Nanjing… Read More>>
Hongkong Land Buys $745M Nanjing Site for $1.9B Commercial Complex
Hongkong Land on Wednesday won a tender to develop a plot of commercial land in Nanjing, the capital of eastern China’s Jiangsu province, for RMB 4.8 billion ($745 million). The Hong Kong developer best known for The Landmark complex in… Read More>>
Nanjing Demolition Plan Leads to 160 Divorces in Two Days
The Guinness Book of World Records doesn’t have an entry for the world’s largest mass divorce, so a group of 320 villagers in Jiangbei township in the city of Nanjing may have just missed an opportunity at gaining their portion… Read More>>
Sands China CFO Out After 4 Months and More Asia Real Estate Headlines
Macau’s gaming industry claims another casualty as a top official at Sheldon Adelson’s troubled Asian outlet hits the road after just four months. Also in the headlines today, Hong Kong developers rush to launch new projects amidst a frothy market,… Read More>>
Yanlord Land Jumps on Nanjing Site With $1.1B Bid
Singapore-listed Yanlord Land Group has continued its love affair with China’s Yangtze River Delta by acquiring a mixed-use site in Nanjing for RMB 7.84 billion ($1.13 billion) to build an integrated development.
The purchase of the site in the capital… Read More>>
GIC Invests in 2nd European Student Housing Deal This Week and More Asia Real Estate Headlines
Singapore’s sovereign wealth fund heads to Europe for the second time this week to pick up an additional portfolio of student housing with student accommodation specialist GSA, while Kerry Properties shows its confidence in the Hong Kong market with a… Read More>>
Greenland Group Helps Nanjing Sell $6B in Land in One Week
While residents of Nanjing are accustomed to looking up to see Qixia Mountain or to check out the region’s fantastic foliage during the fall, they will need to keep gazing upwards to catch a glimpse of the city’s skyrocketing land… Read More>>
Goodman to Build 76K Sqm Nanjing Warehouse for Logistics Provider
Goodman added another build-to-suit project to its China portfolio this week when the Australian real estate developer announced a deal for a 76,400 square metre facility in Nanjing, to be called Goodman Nanjing Airport Logistics Centre.
The developer announced the acquisition… Read More>>
Real Estate Pros Rank China’s Top 5 Cities for Investment and Development
Non-profit real estate research organisation Urban Land Institute (ULI) has just polled its members on what cities are best for property investment, and despite high prices and scarce land, Shanghai has come out on top for the second year in… Read More>>