Top homebuilder China Vanke and its commercial property platform SCP Group (SCPG) have entered a deal to buy a portfolio of 20 mainland shopping malls from Singapore’s CapitaLand for RMB 8.37 billion ($1.3 billion). The two parties are teaming up… Read More>>
Coming Out Party for Shenzhen Mall is Latest Step in Vanke Retail Expansion
China Vanke may have lost its founder and CEO last week, but the country’s second-largest developer by sales is also flexing its muscles in the retail property market.
After leading a $1.9 billion acquisition of the Blackstone-controlled mall platform SCP… Read More>>
Blackstone Prefers China’s Warehouses Over Residential
The head of alternative investment giant Blackstone finds China’s warehouses more interesting than luxury apartments, and just might be in the market for office buildings or shopping malls.
Stephen Schwarzman, chairman and CEO of the US-based private equity firm was… Read More>>
Blackstone China Chairman Leung Bolts for Developer Nan Fung
In the latest sign of the appeal of China’s real estate market, Blackstone China Chairman Antony Leung is leaving the US private equity giant to head Hong Kong-based real estate developer Nan Fung.
After seven years running Blackstone’s 120-person China… Read More>>
Blackstone Selling London Office Park to CIC for $1.28 Billion
China Investment Corporation (CIC) is set to buy a London office project from Blackstone for more than US$1.28 billion (GBP 800 million) according to a report in the Financial Times.
CIC was first said to be in talks about acquiring… Read More>>
Blackstone Spends US$400 Mil for 40% of China Mall Developer
US private equity giant Blackstone made the latest acquisition of China real estate assets by a global finance firm this week when it agreed to buy a 40 percent stake in mall developer SZITIC Commercial Property Co, which is now… Read More>>