Just over three years after writing off a $1.36 billion investment in a Chongqing-based developer, Singapore’s City Developments Ltd is braving mainland China’s troubled real estate market with a joint venture project to build luxury homes, a hotel and shops… Read More>>
Carlyle Sells Shanghai Office Building at Nearly Half-Off 2015 Purchase Price
The Carlyle Group has sold a Shanghai office building for just over half of the price it paid to acquire the asset in 2015, as vacancy in the city’s office market continues to hover near record high levels amid… Read More>>
GIC Buys Out Vanke Stake in Shanghai Mall in Latest China Retail Bet
Singapore sovereign fund GIC has upped its bets on China retail, taking advantage of distress in the mainland market to take near-total ownership of a Shanghai mall in a deal that values the property at RMB 820 million ($115.6 million),… Read More>>
Shanghai Office Rents Plunge 10% as Vacancy Hovers Near Two-Decade High
Prime office rents in Shanghai plunged 9.9 percent in the second quarter from a year prior, according to a Knight Frank report released Wednesday, as vacancy continued to hover near two-decade highs amid sluggish leasing demand and a supply overhang.
Vanke Sells 48% Stake in Shanghai Mall to GIC, Expects Half-Year Loss of Up To $1.2B
China Vanke has sold a 48 percent stake in Shanghai’s largest single-building shopping mall to partner GIC, as the cash-strapped mainland developer continues to sell off assets to ease its RMB 322 billion ($44.5 billion) debt burden.
Online corporate registry… Read More>>
Rockefeller JV Selling Shanghai Bund Buildings to Tencent, Ant-Backed Insurer for $199M
A joint venture controlled by New York’s Rockefeller Group has agreed to sell a pair of office buildings on Shanghai’s Bund waterfront to an online insurer backed by Ant Financial, Tencent and Ping An, with the HKEX-listed firm vowing to… Read More>>
Warburg Pincus-Backed Rental Housing Platform Outperforms in Shanghai
Vlinker, an apartment operator backed by Warburg Pincus, has built Shanghai’s largest portfolio of rental housing while achieving attractive risk-adjusted returns, executives from the two companies revealed at Mingtiandi’s Hong Kong Forum on Tuesday. Watch the full recording>>
Since acquiring… Read More>>
Warburg Pincus, VLinker to Take the Stage After Opening 8,000 Apartments in April
China’s housing market has faced a historic slide over the past year, but a major US private equity firm is set to take the stage in Hong Kong next week to reveal how it is achieving yields as high as… Read More>>
State-Backed Lujiazui Group Marketing $4.1B in Shanghai Offices as Crisis Deepens
As analysts warn of a “lost decade” in Chinese office markets, state-backed Shanghai Lujiazui Development Group Co Ltd, better known as Lujiazui Group, is scrambling to sell about 20 Shanghai office towers estimated to be valued at RMB 30 billion… Read More>>
CapitaLand Sells Shanghai Ascott Apartments to Guangzhou Investor for Reported $166M
CapitaLand Development has sold a serviced apartment property in Shanghai’s Xuhui district to a vehicle controlled by a mainland investor, as cash-rich corporate investors continue to seek discounted acquisition opportunities amid China’s property slump.
The 90-unit Ascott Heng Shan Shanghai… Read More>>
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