Hong Kong’s Link REIT has completed its RMB 4.1 billion ($589 million) acquisition of the Metropolitan Plaza mall in Guangzhou from funds controlled by Morgan Stanley and Gaw Capital, according to a recent statement by the manager of the real… Read More>>
Forget Singles’ Day – CapitaLand Ramps Up China Retail With Plan for 6 New Malls in 2017
Singles’ Day is in the books and while this year’s online shopping event brought in $17.8 billion in sales, some firms still prefer retail to be a brick and mortar affair. CapitaLand is among the most bullish on the country’s… Read More>>
What Glut? CPPIB Invests $147M in Longfor Chongqing Mall
Stories of China’s glut of shopping malls rank only slightly behind headlines about its housing bubble for mainland property horror stories, but CPPIB seems to believe there might still be a happy ending for investments in China’s retail real estate… Read More>>
Chinese Think Tank Says 1/3rd of Mainland Malls to Close Within 5 Years
More bad news for China’s struggling brick and mortar retailers as a recent report from the Chinese Academy of Sciences and Social Sciences Academic Press predicted as many as one-third of all shopping centers in China will close their doors… Read More>>
CapitaLand REIT Buys Chengdu Mall From BlackRock for $226M
A real estate investment trust managed by Singapore’s top developer will acquire a shopping mall in Chengdu from BlackRock for RMB 1.5 billion ($226 million), at a time when China’s retail property sector is struggling in the face of oversupply… Read More>>
Flash Flood Wipes Out China Mall in Latest Retail Setback
China’s shopping centre scene has been a bit of a disaster lately, but the crush of bad news reached a new level last week when a flash flood surged through a mall in the city of Jinan, washing away merchandise… Read More>>
China Real Estate News Around the Web 2015-09-21
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Sunac Drops Yurun Talks as 3rd Takeover Bid Fizzles
Sunac China Holdings Ltd., the Chinese developer that dropped a takeover bid… Read More>>
Mingtiandi Launches China Retail White Paper in Shanghai
China’s leading source of real estate intelligence today launched its first in-depth exploration into the future of China’s retail industry at a press conference in downtown Shanghai.
The 52-page white paper by Mingtiandi, China Mall 2020, examines the potential… Read More>>
Swire Planning 124,000 Sqm Mall for Shanghai’s Qiantan Area
Swire Properties, which is planning to open a 321,000 square metre commercial complex in Shanghai’s Jing An District next year, now has big plans for Pudong as well.
The Hong Kong-based developer recently announced that it has signed a framework… Read More>>
Melco Crown and Taubman Asia to Open New Macau Shopping Destination
Casino operator Melco Crown Entertainment and mall developer Taubman Asia have joined forces to create a new entertainment-focused shopping experience at the soon to be opened Studio City resort in Macau.
The new mall will be part of the family… Read More>>
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