While in talks to sell over $3 billion of overseas assets in the United States and Europe, debt-ridden HNA Group has offloaded another project in China for $456 million as the Hainan-based conglomerate struggles to climb out of a $100… Read More>>
Benoy Wins Design and Masterplanning for AI Park in Shanghai
Global design firm Benoy has won a competition to serve as masterplanner and architect for a 367,000 square metre research and commercial hub near the east bank of Shanghai’s Huangpu River. Benoy will work with local developer Shanghai Lujiazui Group… 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>>
Shanghai Awards Site for $8B Pudong Commercial Complex to SOE Duo for $2.2B
Shanghai’s government has awarded a deal for a RMB 50 billion ($7.9 billion) commercial complex — bigger than New York’s Grand Central Terminal — to a consortium of local state-run firms as the city prepares for yet another commercial hub… Read More>>
Li Ka-shing Sells Asia’s Priciest Building to China Life-Linked Fund for $2.96B
Companies controlled by Hong Kong billionaire Li Ka-shing have sold the Century Link commercial complex in Shanghai’s Pudong district for RMB 20 billion ($2.96 billion) according to statements to the Hong Kong stock exchange. The transaction sets a 2016 high-water… Read More>>
Gemdale Sets High Mark for 2016 With RMB 8.8B Pudong Land Deal
Gemdale Corp has taken the title of China’s new ‘land king’ as the developer outbid more than 20 rivals to pay RMB 8.8 billion ($1.3 billion) for a 140,252 square-meter parcel of land in Shanghai last week.
The Shanghai-listed company’s… Read More>>
COFCO Property Beats Out 20 Rivals to Pay $368M for Suburban Shanghai Site
The rush for land in China’s first-tier cities continues as Beijing-based COFCO Property Investment last week agreed to pay RMB 2.44 billion ($368 million) for a plot of residential land in Shanghai’s Pudong district. The price paid by the state-run… Read More>>
Hongkong Land Inks Deal for 210,000 Sqm Project in Shanghai’s Qiantan
Hongkong Land this month became the latest international developer to sign up for a major commercial project in Shanghai’s Qiantan area, as the city government’s latest pet project rapidly transforms into a major construction hub.
The 126-year-old listed builder on… Read More>>
Carlyle & CLSA Sell Shanghai Office Building to Yuexiu REIT for RMB 2.63B
A company belonging to private equity firms Carlyle Group and CLSA Capital Partners has sold an office tower in Shanghai’s Pudong district to Hong Kong-listed Yuexiu REIT for RMB 2.63 billion ($423 million).
Yuexiu REIT, which is controlled by Guangzhou-based… Read More>>
China Ping An Said to Buy Shanghai Office Tower for RMB2.24 Bil
China’s insurers have gained worldwide attention for their real estate purchases in New York and London over the last two years, but a soon-to-be disclosed deal in Shanghai shows that these financial giants are also playing a growing role in… Read More>>