Canada Pension Plan Investment Board has struck yet another deal with its favorite mainland developer, Longfor Group Holdings, as the Canadian pension fund manager and the Beijing-based builder today announced an agreement to jointly invest at least $817 million in… Read More>>
Nova, InfraRed NF Pay RMB 465M to Add Shanghai Mall to Rental Apartment Pipeline
Warburg Pincus-backed Nova Property Investment has joined forces with Hong Kong-based real estate investment manager InfraRed NF to acquire a Shanghai shopping centre for RMB 465 million ($73.8 million) as the real estate development startup continues to build up its… Read More>>
China’s Banks Pledge $467B in Rental Housing Loans and More Asia Real Estate Headlines
Leading today’s roundup, China’s drive to promote rental housing comes with risks for the country’s big lenders, which are estimated to have extended nearly half a trillion dollars in financing to the sector. Also in the headlines, Indian developer ABIL… Read More>>
Gaw Joins Harbour Apartments in Raising $2.6B for China Rental Housing
Chinese co-living operator Harbour Apartments has teamed up with its backer Gaw Capital Partners and a mainland financial firm in a drive to raise $2.58 billion in new capital for developing rental flats and co-living spaces.
Shanghai-based Harbour is setting… Read More>>
CK Asset Eyes Mainland Rental Housing and More Hong Kong Real Estate Headlines
Leading today’s news, property giant CK Asset says it’s looking to build rental housing projects in mainland China as Beijing ramps up support for the sector. Also in the headlines, developer Emperor International has applied for the compulsory sale of… Read More>>
GIC to Invest Up to $1B in China Rental Housing JV with Warburg Pincus-Backed Nova
Singaporean sovereign wealth fund GIC is making its first foray into China’s rental housing market by establishing a joint venture with Warburg Pincus-backed rental housing startup Nova. According to a joint announcement today by GIC, Nova and Warburg Pincus, the… Read More>>
Evergrande Finds New Funding With Approval of $1.6B in Rental Housing-Backed ABS
China’s second-biggest developer by sales is making its first foray into the country’s rental housing market, as the Shanghai Stock Exchange gives the green light for China Evergrande to issue RMB 10 billion ($1.6 billion) worth of asset-backed securities linked… Read More>>
Country Garden Issues RMB 1.7B in Rental Housing-Backed Securities
Guangzhou-based developer Country Garden has successfully sold off RMB 1.7 billion ($270 million) in securities backed by cashflows from its rental housing initiative, according to a report in the official Shanghai Securities News on Friday.
The sale, which has been… Read More>>
CapitaLand Signs Up for East China Business Park and More Asia Real Estate Headlines
Leading today’s roundup, Singapore’s largest property firm CapitaLand may be getting into the business park business in eastern China, after signing agreements to explore building a high-tech park in Ningbo along with a township development in Jiaxing. Another Singaporean giant… Read More>>
Morgan Stanley Leads $100M Investment in China Rental Housing Operator QingKe
Morgan Stanley is entering China’s rental housing market for the first time by engaging in a $100 million fundraising round for a Chinese rental apartment operator. The investment by the 83-year-old US investment bank follows similar deals by compatriots including… Read More>>
