Hong Kong’s retail sales declined more sharply in August than during the 2003 SARS outbreak, according to a report released this week, as the city’s shopping sector suffered from the joint effects of tighter economic conditions on the mainland, the… Read More>>
SC Capital Partners Acquires Aussie Retail Portfolio for A$175M
SC Capital Partners has teamed up with Australia-based Fortius Funds Management to buy three shopping centres in Sydney for A$174.5 million ($118 million) from a joint venture between Frasers Property Australia and Sekisui House.
The Singapore-based private equity firm, which… Read More>>
Frasers Property Singapore CEO Retires as Developer Shifts to Retail
The chief executive of developer Frasers Property Singapore will retire from the unit of Thai billionaire Charoen Sirivadhanabhakdi’s Frasers empire at the end of this year, according to an announcement to the Singapore stock exchange.
Christopher Tang, who will turn… Read More>>
Hong Kong Restaurant Operator Puts Central Space on Market for HK$400M
Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an asking price of HK$400 million ($51 million), as the city’s ongoing civil unrest chips away at consumer spending.
The… Read More>>
Hong Kong Retail Real Estate Transactions Fall 47% in August
The uncertainties of the US-China trade war negotiations and the political turmoil in Hong Kong have combined to cool down investor interest in Hong Kong’s property market, with sales of retail real estate bearing the brunt of investor reluctance… Read More>>
IKEA to Invest RMB 10B in China Operations
Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in a bid to upgrade and expand its store network and boost its e-commerce offerings in the country.
The planned investment… Read More>>
Suning Buys 61 Guangzhou Circle K Stores From Hong Kong’s Fung Group
One more global retail giant has retreated from the mainland China market in the face of growing local competition as a unit of Nanjing-based Suning announced this week that it has taken over a chain of convenience stores from Hong… Read More>>
Gaw Capital Leads $325M Purchase of Hollywood Shopping Mall
Gaw Capital USA and US private equity firm DJM have purchased a Hollywood megamall in the largest acquisition of a single US retail asset outside of Manhattan in nearly three years, according to a joint announcement by the companies.
Los… Read More>>
Luckin Backer Centurium Raises $2B for Debut Fund and More Asia Real Estate Headlines
Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the backer of a Starbucks competitor has raised $2 billion in its debut private equity fund, which may provide a fresh pot of… Read More>>
Japan’s Takashimaya Pulls Out of China and More Asia Real Estate Headlines
Retail leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a loss-making Japanese retailer is closing its department store in Shanghai and pulling out of China.
In other news around the region, co-working… Read More>>
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