The US real estate platform of Gemini Investments has made its first foray into the life sciences market by picking up a biotech-oriented office building in the San Francisco Bay area for about $59.4 million, at the same time that… Read More>>
Swire Properties is taking full ownership of a Chengdu mall through a deal to buy out Sino-Ocean Group’s interest in the 50:50 joint venture for RMB 5.55 billion ($800 million), as the mainland partner in the development grapples with a… Read More>>
Embattled Chinese builder Sino-Ocean Group Holding has received a bailout from its largest shareholder China Life Insurance (Group) Company.
Sino-Ocean Group will sell its entire 10 percent stake in the China Life Financial Centre office tower in Beijing to two… Read More>>
The upper limits of Singapore’s commercial property market were successfully tested this week as a $1.3 billion project tender in the city’s Chinatown area failed to draw a single bid from potential developers. Also in the news, Evergrande’s electric vehicle… Read More>>
In today’s roundup of regional news headlines, Hong Kong reclaims its crown as the costliest city in which to live and work overseas, even as an expat exodus drags down luxury residential rents. Mainland developer Vanke, meanwhile, is calling the… Read More>>
Mainland developer Sino-Ocean Group is on its way to securing a site in the Kowloon City area for development into as much as 63,270 square feet (5,878 square metres) of new space, as Hong Kong’s booming residential market continues to… Read More>>
In today’s roundup of regional news headlines, Japan’s Mitsui completes the disposal of a California apartment project, Chinese developer Shimao issues a warning as sales slump, and northern Hong Kong villagers cry foul over plans to convert ancestral land… Read More>>
Beijing-based private equity firm Sino-Ocean Capital is tapping the financial resources of one of the world’s biggest sovereign wealth funds to set up a $1.4 billion China office fund seeded with two projects acquired from parent Sino-Ocean Group.
The new… Read More>>
The ongoing financial crisis facing some of China’s largest developers continued to dominate the headlines today with investors pushing spreads for Chinese high yield bonds to record highs as Evergrande Group continues to crumble and a range of smaller builders… Read More>>
GLP-backed ACR Asset Management on Thursday revealed its acquisition of the Beijing Diamond Plaza building in the Chinese capital’s primary technology hub.
Founded by Edward Cheung, the former chief executive for Greater China at Cushman & Wakefield, newcomer ACR bought… Read More>>