This week China’s real estate community sees an agency veteran become the new head of Colliers’ industrial department nationwide, JLL appointing a new head of research for northern China, and new leadership for CBRE’s office services division in Shanghai. Read… Read More>>
China Real Estate Company Profits Down 5.36 Percent in First Quarter
More than half of China’s listed real estate companies saw profits shrink during the first quarter of 2014, according to recent figures from an independent financial information provider. The country’s once booming property sector has been suffering through one its… Read More>>
Gaw Capital Partners Buys 75 Percent of Korean Commercial Project
Real estate private equity firm Gaw Capital Partners announced today that it has invested in the office, officetel and retail portions of a twin tower building in Seoul.
Located within Seoul’s Yongsan District, the investment in the Dongja 8 project… Read More>>
China Real Estate Professionals in the News 2014-05-05
This week China’s real estate community sees a number of ex-CBRE hands land new roles, promotions at K11 and Knight Frank, and one old friend joining the health care real estate trend. Read on for details.
Nick Jones has joined… Read More>>
Vanke Takes a Healthy Gamble on China’s Hospital Sector
China’s largest real estate developer by sales is getting ready to sell beds, instead of just houses, as Vanke announced this week that it plans to enter the nation’s hospital industry.
Speaking at a conference on Sunday, Wang Shi, the… Read More>>
Nanjing Developer Defaults as China Real Estate Credit Crunch Continues
China’s real estate industry witnessed its second significant default in less than a month last week when a Nanjing property developer failed to repay a RMB 105.4 million (US$16.9 million) inter-company debt from a Shenzhen-listed shipbuilder.
The default on a… Read More>>
Chinese Developer Offers $2.8B for Australian Apartment Builder
Australia’s biggest developer of apartments is considering an offer to sell half of its business to an unnamed Chinese real estate company for A$3 billion (US$2.8 billion) according to a recent media report.
Sydney-based Meriton Group received the offer during… Read More>>
Rogue Roof Garden in Guangzhou Covers 3-Storey Building Addition
China’s rocketing real estate prices have inspired many entrepreneurial schemes, now one Guangzhou resident appears to have built a 3-storey tall canopy of camouflage to cover an illegal building addition.
According to a report in the Guangzhou Daily, a building… Read More>>
China Construction Completes Buy of US Builder Plaza
The American subsidiary of China’s largest construction firm has acquired one of the largest builders in the US, as China’s outbound investment boom spreads from real estate into the building industry.
Plaza Construction, originally founded to provide construction management and… Read More>>
Cushman & Wakefield Promotes Jonathan Davis to China MD Role
Cushman & Wakefield, the world’s largest privately held commercial real estate services company, announced today that its Managing Director for Eastern China, Jonathan Davis has been promoted to Managing Director of China.
The veteran real estate executive originally joined the… Read More>>
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