When creating their first co-living project, Cohost West Bund, the team at Cohost knew that it was critical to stand out from the typical image of a landlord, in order to capture a more mature and sophisticated tenant. From the… Read More>>
Warburg-Backed Mofang Apartments Raises $150M in Caisse-Led Funding Round
Warburg Pincus-backed Mofang Apartments has closed on a $150 million funding round, led by Canadian fund manager, Caisse de dépôt et placement du Québec (CDPQ), according to an announcement on Monday by the Shanghai-based apartment provider.
Mofang, which manages 70,000… Read More>>
Ant Financial, Tiger Global Lead $500M Funding Round for Beijing’s Danke Apartment
Mainland China rental housing platform Danke Apartment announced on Friday that it has closed a $500 million funding round, co-led by existing investor Tiger Global Management and new backer Ant Financial — the e-payment and asset management giant controlled by… Read More>>
Greystar Announces $450M First Close of China Rental Housing Fund
US apartment developer and operator Greystar Real Estate Partners announced late yesterday that a joint venture platform it established last year with a unit of Australia’s Macquarie Group had reached a $450 million first close of its first Asia rental… Read More>>
Warburg Pincus Forms $430M Co-Living JV With India’s Lemon Tree Hotels
US private equity giant Warburg Pincus is extending its bets on Asia’s rental residential sector by partnering with India’s largest mid-priced hotel chain, Lemon Tree Hotels, in an INR 30 billion ($430 million) joint equity investment to create a new co-living… Read More>>
Angry Customers Occupy Office of Defaulting Beijing Rental Housing Operator
Angry tenants and landlords occupied the Beijing office of Haoyuan Hengye Long Term Rental Apartment late last month to mount their own extra-legal detention of the housing company’s management.
The move against the rental housing operator was related to allegations… Read More>>
Lei Jun-Backed Rental Housing Operator Yujian Can’t Pay Landlords, Warned by Bank
China’s long-term rental housing market hits the headlines again a Yujian Apartment, a startup backed by Xiaomi founder Lei Jun this week received debt payment notices from a major bank, and is said to owe back rent to its landlords.
Cancer Death of Ziroom Tenant Raises Talk of Risk in China’s Rental Housing Rush
A social media post linking the leukemia death of an Alibaba employee living in an allegedly-formaldehyde contaminated home operated by Sequoia China and Tencent-backed Ziroom has brought a new round of pressure on the rental housing unicorn this week.
The… Read More>>
China Rental Apartment Providers Freeze Prices, Boost Supply After Beijing Crackdown
Venture capital-backed rental apartment provider Ziroom has pledged to roll out 80,000 units of rental housing in Beijing within the next three months, while agreeing to maintain current prices for the homes, after the capital’s housing authority this month that… Read More>>
China Shut Down RMB 5.4B in Developer ABS Issues in July
Mainland stock exchanges have suspended or terminated at least six asset-backed securities (ABS) issuances worth more than RMB 5.4 billion ($798 million) so far this month, igniting fears that authorities have broadened their clampdown on financing for Chinese real estate developers… Read More>>
