Blackstone Group is said to be in talks to acquire Chamtime Plaza, a commercial complex in Shanghai’s Pudong district, in a deal that could be worth more than RMB 10 billion ($1.5 billion), according to an account by Bloomberg.
The… Read More>>
Asia Pacific real estate investment news and information

Blackstone Group is said to be in talks to acquire Chamtime Plaza, a commercial complex in Shanghai’s Pudong district, in a deal that could be worth more than RMB 10 billion ($1.5 billion), according to an account by Bloomberg.
The… Read More>>

Developer Soho China opened the doors to its Kohn Pedersen Fox-designed Gubei Soho project in western Shanghai’s Changning district last week, adding the RMB 5 billion ($746.7 million) office and retail project to its portfolio of commercial assets in the… Read More>>

US apartment developer and operator Greystar Real Estate Partners announced late yesterday that a joint venture platform it established last year with a unit of Australia’s Macquarie Group had reached a $450 million first close of its first Asia rental… Read More>>

China Minsheng Investment Group (CMIG) has sold its 50 percent stake in a mixed-use project in Shanghai’s South Bund area to Greenland Group for RMB 12 billion ($1.77 billion), disposing of the high-profile site at an apparent loss as it… Read More>>

Singapore’s Ascendas-Singbridge announced on Thursday that it has inked a deal with Mitsui & Co to sell 45 percent of its Ascendas Innovation Place and Ascendas Plaza projects in Shanghai to the Japanese conglomerate.
Mitsui acquired its stake in the… Read More>>

China’s tech sector is rapidly becoming among the world’s largest, with 186 companies now valued at over $1 billion, according a list published earlier this year by Hurun Report. And despite the growing tech cold war with the US, Chinese… Read More>>

Commercial real estate investment in mainland China reached a record RMB 463 billion ($68.5 billion) in 2018, although growth compared to the previous year slowed to just 9.5 percent.
The year on year rate of increase was close to four… Read More>>

A consortium led by state-backed China Resources Land outbid Hong Kong’s Sun Hung Kai Properties and a joint venture between Swire Properties and Ping An Real Estate to win a commercial site in Shanghai’s Jing’an district for a record RMB… Read More>>

Sunac China has agreed to buy a pair of projects in Shanghai and Beijing from competitor China Oceanwide Holdings in a deal valued at RMB 12.55 billion ($1.85 billion), according to a filing today to the Hong Kong stock exchange.

More cracks began to show in China’s clampdown on housing prices as authorities in the nation’s capital put up for sale a pair of housing sites without capping the price at which winning bidders are allowed to sell finished homes…. Read More>>