Chinese Internet giant Tencent is planning to invest $1 billion into Lianjia, as part of a $2 billion financing round in preparation for a future IPO by China’s largest real estate brokerage, according to a report in the Wall Street… Read More>>
Zhongrong Sells Shanghai Office Building to Five Bulls Fund for RMB 1.5B
Chinese shadow banking firm, Zhongrong International Trust, has successfully exited from its first income-earning commercial property, selling the Shanghai Zhongrong Trust Building to Shanghai-based Five Bulls Fund for RMB 1.5 billion ($220 million), according to a local news report.
The… Read More>>
Benoy Looks Forward to Next 10 Years – One Decade After Opening Shanghai Studio Sponsored Feature
Global design firm Benoy has created some of China’s most distinctive architectural landmarks since the UK-based studio first opened its doors in Shanghai in 2008. Today, as the firm celebrates the ten-year anniversary of its first office in mainland China,… Read More>>
Victor Li’s CK Asset Said Downsizing Shanghai Team by 30%
Victor Li Tzar-kuoi’s CK Asset Holdings is downsizing its Shanghai team by 30 percent, according to reports in the mainland press, which indicate that the Hong Kong-based developer stopped renewing contracts with local employees since February of this year.
The… Read More>>
China Vanke Adds Shanghai Site to Bring 3-Week Land Buy Total in City to Nearly $1.9B
In less than three weeks time, China’s third biggest real estate developer in terms of sales made three land purchases in Shanghai, spending more than RMB 12.8 billion ($1.87 billion) on site acquisitions in China’s most prosperous city.
The latest… Read More>>
Hines Lands Chinese Financial Giant at One Museum Place in Shanghai Sponsored Feature
One Museum Place, a 60-storey skyscraper in the heart of Shanghai’s Jing’an district has landed one of China’s largest securities companies at the newly completed premium Grade A office tower by US-based developer Hines.
Guotai Junan Securities and its subsidiary… Read More>>
Chongbang Buys Commercial Site on Shanghai’s Sichuan Road for RMB 7.1B
Henry Cheng’s Chongbang Group has purchased a commercial site in Shanghai’s Hongkou district for RMB 7.1 billion ($1.05 billion), according to records from the city’s Land Transaction Market website.
The developer, which was founded by former Shui On Land executive… Read More>>
Shanghai Cancels Four Land Sales Worth RMB 5.41B as Clampdown Deepens
Shanghai has cancelled four planned land sales worth a total of more than RMB 5.41 billion ($796.4 million) in less than a month, as restrictions on the country’s real estate market dampen developer demand for new sites.
No reason was… Read More>>
Vanke, China Merchants Shekou Pick Up RMB 6.2B in Shanghai Sites
Shanghai sold a pair of residential sites for a total of RMB 6.2 billion today as China Vanke and China Merchants Shekou swooped on the new projects in the city’s Qingpu District.
The set of transaction pave the way for… Read More>>
Colliers Appoints Martin Chavez to Head China Corporate Client Team
Colliers International this week announced the appointment of former Cushman & Wakefield executive Martin Chavez as Senior Director of Corporate Solutions for Asia Pacific as the international property consultancy continues to add to its top management team in the region.
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