One year after BlackRock had attempted to find a buyer for a Shanghai office complex at a 30 percent discount to its acquisition price, the world’s largest asset manager has handed over the the Putuo district buildings to its lender,… Read More>>
BlackRock Marketing Shanghai Office Complex at 30% Off as Vacancy Hits 20-Year High
BlackRock is shopping a pair of Shanghai office buildings at a 30 percent discount to what they paid to acquire the properties in the city’s Putuo district six years ago, according to market sources who spoke with Mingtiandi, as record-high… Read More>>
Shui On Selling 65% Stake in Shanghai Project to State-Backed Fund for $170M
Shui On Land has agreed to sell a 65 percent equity interest in a Shanghai commercial project to a fund controlled by state-owned insurer Dajia Life for RMB 1.2 billion ($170 million).
The disposal is in line with Shui On’s… Read More>>
Shui On Land Wins Pair of Shanghai Sites for Combined RMB 5.74B
Hong Kong-listed Shui On Land agreed to pay a combined RMB 5.74 billion ($820 million) for a pair of Shanghai development sites last week, picking up one each on Thursday and on Friday.
The two new sites include a 15,258… Read More>>
CK Asset Said Exploring $2.9B Sale of Stake in Shanghai Project
Victor Li’s CK Asset Holdings is exploring the sale of its majority ownership in its last large-scale mixed-use development in Shanghai for up to RMB 20 billion ($2.9 billion), according to an account by Bloomberg.
Should the Hong Kong-based developer… Read More>>
BlackRock Buys Pair of Shanghai Office Buildings From PGIM for RMB 1.2B
PGIM Real Estate, a property investment affiliate of Prudential Financial, has sold two buildings at Waterfront Place, an office property in Shanghai’s Putuo District to Blackrock according to JLL which advised PGIM on the disposal.
The US alternative investment giant… Read More>>
Sunac-Greentown Pays RMB 507.4 Mil for Stake in Shanghai Project
During a week that saw records set for land prices in Shanghai and Beijing, a joint-venture between Sunac Holdings and Greentown China paid RMB 507.4 million to buy a minority stake in a project in Shanghai’s Putuo district.
According to… Read More>>