Swire Properties is picking up a 40 percent stake in two mixed-use projects in Shanghai’s Pudong district at a combined value of $1.33 billion through separate joint ventures with government-backed Lujiazui Group, including a previously announced joint development in the… Read More>>
Kerry Properties Breaks Ground on Biggest Shanghai Project Yet
Kerry Properties has broken ground on a project set to provide nearly 93 football fields of finished space in Shanghai’s Huangpu district in what would be its largest development to date in mainland China, the company announced on Wednesday.
The… Read More>>
China’s DNE Group Sets Up $485M Life Science Fund to Invest in Pudong Project
China’s DNE Group on Tuesday announced the establishment of a more than RMB 3.5 billion ($485 million) life science park fund to invest in an R&D project in Shanghai’s Pudong district.
Among the backers for the fund is a local… Read More>>
Kerry Acquires Henan Road Plot for $1.2B to Assemble Central Shanghai Mega-Site
Kerry Properties has won a government tender for a site near Shanghai’s Yuyuan Garden for RMB 8.78 billion ($1.2 billion) to move a step closer to consolidating a supersized mixed-use project.
The bid is for the second of two sets… Read More>>
JD Logistics Touts World’s Largest Smart Shed Outside Shanghai
JD.com on Wednesday launched the second phase of its logistics arm’s massive warehouse complex west of Shanghai, bringing the total floor area to more than 500,000 square metres (5.4 million square feet).
Equipped with integrated warehousing and sorting capabilities, Kunshan… Read More>>
Brookfield, LaSalle, VLinker Point to China Rental Residential Rebound – MTD TV
China’s lifting of its stringent zero COVID regime late last year has provided a fresh spark for rental residential ventures in the country, top executives from Brookfield Asset Management, LaSalle Investment Management and VLinker said in a forum on… Read More>>
CIFI Looks to Sell Shanghai Headquarters, Warns of $2B Full-Year Loss
CIFI Holdings is shopping some of its most high-profile real estate assets in its Shanghai hometown, including its headquarters building held with joint venture partner Henderson Land, as the cash-strapped builder warns of a multibillion-dollar loss in its full-year financial… Read More>>
Jingrui Selling Shanghai Commercial Building to China Construction Bank for $19M
Jingrui Holdings has agreed to sell a commercial building in Shanghai’s Xuhui district to state-owned China Construction Bank for RMB 132.4 million ($19.2 million), as the mainland developer continues to unload assets after a recent default on offshore debt.
Jingrui… Read More>>
Shanghai Commercial Property Investment Fell 23% in 2022
Major trades of investment properties in Shanghai fell by more than one-fifth in terms of value from 2021 to 2022, according to reports by property brokerages, as COVID-19 restrictions and economic weakness derailed deals during the second and third quarters… Read More>>
Shanghai Saw 74% Plunge in Net Office Take-Up in Q4 as Tenants Pulled Back
Shanghai’s office market continued to struggle in the last quarter of 2022, as the mainland financial hub was battered by COVID-19 chaos and sluggish leasing activity, but the market is poised to bounce back this year amid a broader economic… Read More>>
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