Three years after listing on the NASDAQ exchange in a $46 million IPO, Qingke Apartment Leasing has been declared bankrupt by a mainland court. The Morgan Stanley-backed apartment rental platform’s name can be translated as ‘eggshell’ and in this instance… Read More>>
Schroders JV Sells Shanghai Co-Living Project to Golden Union for $31M
China’s rental residential sector has seen another global fund manager expand its China rental residential holdings as Warburg Pincus-backed Golden Union Assets has reportedly acquired a co-living project in Shanghai’s southwestern suburbs from fund manager Schroders and Hong Kong-listed Deson… Read More>>
Kerry Buys Piece of Central Shanghai Megaproject Site for $2.1B
Hong Kong-listed developer Kerry Properties on Tuesday revealed details of a supersized mixed-use project in Shanghai’s central Huangpu district after acquiring the land use rights to a set of four development plots for RMB 13.3 billion ($2.1 billion).
Kerry, which… Read More>>
LaSalle, Jingrui Acquire West Shanghai Multi-Family Value-Add Project
LaSalle Investment Management has closed on its joint acquisition alongside a unit of Shanghai-based developer Jingrui Holdings of a retail and hotel property in the megacity’s Hongqiao area, with plans to convert the distressed asset into a multi-family residential project.
Soho China Hits More Trouble as Electricity Gouging Fines Announced
Mainland authorities are continuing to clamp down on the nation’s billionaires with real estate power couple Pan Shiyi and Zhang Xin, who together control and manage developer Soho China, recently joining Jack Ma and other heavyweights in the regulatory penalty… Read More>>
HKRI Wins Suburban Shanghai Residential Site With $130M Bid
Hong Kong Resorts International has made a successful bid of RMB 830.4 million ($130.3 million) for a residential plot in Shanghai’s southwestern suburbs, as the developer continues to seek expansion opportunities in the mainland’s Yangtze River Delta region.
HKRI’s latest… Read More>>
Tishman Speyer JV Pays $800M for Commercial Site in Shanghai’s Changning District
Tishman Speyer is once again making moves in its favourite Asian megacity, with the US developer today announcing that it had successfully led a RMB 5.09 billion ($800 million) purchase of a plot in Shanghai’s Changning district for a future… Read More>>
Florentia Village Expands in Shanghai, Chengdu in Retail Ramp-Up Sponsored Feature
China’s international luxury outlet mall pioneer Florentia Village has opened major expansions of its Shanghai and Chengdu locations this month as the retail developer and operator rides a shopping resurgence on the mainland.
“Our openings in Chengdu and Shanghai this… Read More>>
CK Asset Selling Commercial Tower in Shanghai’s Jing An District to Hysan for $540M
Hysan Development will make its second foray into mainland China after agreeing to acquire a 24-storey commercial building in Shanghai’s Jing An district from CK Asset Holdings for RMB 3.5 billion ($540 million).
HKEX-listed Hysan plans to buy the recently… Read More>>
New World Breaks Ground on Huaihai Road Project in Shanghai
New World Development recently began work on its second K11 commercial project in Shanghai, breaking ground on a 17,171 square metre (184,827 square foot) site in the heart of the Middle Huaihai Road shopping district, according to a company press… Read More>>
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