Asia real estate and outbound investment news
Jardine Matheson-backed Yonghui Superstores is to become the controlling shareholder in central China regional supermarket chain Zhongbai Holdings Group in a deal valued at RMB 559 million ($83.2 million), according to a Shanghai Stock Exchange filing.
Yonghui is offering RMB… Read More>>
Burberry closed the doors to its flagship store in Shanghai on March 31st, according to local media accounts, as the brand that made trench coats trendy shuttered its fourth shop in China’s commercial capital within the last eight months.
By… Read More>>
Chinese logistics company SF Express is said to be closing its offline retail stores in some of China’s largest cities amid an economic slowdown and pressured margins in the logistics sector, according to an account in the local press.
SF… Read More>>
China’s largest commercial developer is set to add to its portfolio of nearly 300 shopping malls after Dalian Wanda Commercial Management Group purchased a site in southern Shanghai for RMB 575 million ($85.5 million).
Wanda Commercial, the development unit of… Read More>>
SC Capital Partners has agreed to purchase a community shopping centre in northeastern Singapore from a fund managed by AEW for S$230 million ($169.53 million), according to sources familiar with the transaction who spoke with Mingtiandi.
Singapore-based SC Capital, which… Read More>>
Frasers Property announced on Monday that it has agreed to acquire a 17.8 percent stake in a retail real estate fund managed by UK real estate investment manager PGIM for S$356.4 million ($262.7 million).
The deal would give Frasers, which… Read More>>
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>>
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>>
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>>
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>>
