Keppel Capital and Keppel Land, along with a consortium of co-investors have signed an agreement to acquire 100 percent of the equity in a recently completed commercial development in Shanghai’s Hongkou district for RMB 4.6 billion ($686 million), according to… Read More>>
Dalian Wanda Buys Shanghai Commercial Site for RMB 575M
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>>
Blackstone Said in Talks to Buy Pudong Commercial Complex for $1.5B
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>>
Soho China Opens RMB 5B Commercial Project in Shanghai’s Gubei
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>>
Greystar Announces $450M First Close of China Rental Housing Fund
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>>
Minsheng Investment Sells Shanghai Project to Greenland for RMB 12B After Default
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>>
Mitsui Buys 45% of Ascendas-Singbridge Shanghai Assets
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>>
Five Mainland Cities Rank Among World’s Top 30 Tech Centres
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>>
Foreign Investors Key to Maintaining China Commercial Real Estate Investment in 2018
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>>
China Resources Land and Friends Outbid SHK, Swire to Win RMB 5.8B Shanghai Site
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>>
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