Indonesian mall developer and operator NWP Retail on Monday announced that it had received $200 million in investment from the Korean Teacher’s Credit Union (KTCU) and a fund managed by CITIC Securities, as well as from its primary backer, Warburg… Read More>>
Creating a Modern Cultural District Along the Banks of Ningbo’s Historic Canals Sponsored Feature
A coastal district in one of China’s oldest cities is in the midst of a decade-old redevelopment effort that illustrates the challenges, and opportunities, involved in transforming an urban area built along a network of canals beginning as far back… Read More>>
Taubman South Korean Project Takes Gold Award at ICSC Asia Event
The Asian arm of US mall operator Taubman Centers has won recognition for its achievements in the design and development creativity of the Starfield Hanam Shopping Center in South Korea, according to a media release.
Taubman Asia took home a… Read More>>
Tencent Ties Up with Sun Hung Kai to Push Mobile Payment in Hong Kong
Technology giant Tencent has expanded its network of cooperation agreements with property firms to Hong Kong with the maker of the mainland’s ubiquitous WeChat app last week announcing a partnership with Sun Hung Kai Properties.
Tencent is now working with… Read More>>
Phoenix Buys Three HK Shopping Centres From Wheelock for HK$3.38B
Blue chip Hong Kong developer Wheelock and Co has sold a trio of retail properties in the city’s Tseung Kwan O area to private equity fund manager Phoenix Property Investors for HK$3.38 billion ($432 million), according to an announcement issued… Read More>>
Tencent, Hillhouse Agree to $145M O2O Retail Deal With Miniso
Tencent and Hillhouse Capital have signed a RMB 1 billion ($145.6 million) strategic investment agreement with Japanese-style retailer Miniso, according to an announcement by the Guangzhou-based company on Monday.
“The investment of Tencent and Hillhouse Capital will help the future… Read More>>
Wumart Owner Emerges Victorious in Battle for Western China Retailer
The owner of Chinese big-box commerce giant Wumart has won a competition for control of one of western China’s biggest retailers after Wumei Holdings and associated investors increased their stake in Yinchuan Xinhua Department Store to 40 percent, through a… Read More>>
Fosun in Talks to Invest $495M in German Wholesaler Metro
Chinese investment firm Fosun International is reportedly in talks to to buy a 426 million euro ($495 million) stake in German food wholesaler Metro AG, unnamed sources told Bloomberg. With Metro’s current market capitalization of 4.85 billion euros, Fosun would… Read More>>
Yuexiu Property Announces Plan to Sell Fortune World Plaza in Guangzhou
Guangzhou-based Yuexiu Property this month issued an announcement to the Hong Kong Exchange, saying the company intends to dispose of its 100 percent equity interest in its subsidiary Guangzhou Yuehui Property, which holds Yuexiu Fortune World Plaza in Guangzhou’s Liwan… Read More>>
Hong Kong Retail Picks Up After Four Year Slump Sponsored Feature
After years of slowing sales, Hong Kong’s retail market has started to pick up, signalling good news for occupiers and investors alike.
For almost four years, the retail market has seen decreasing sales, primarily owing to a slowdown in the… Read More>>
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