A casino transition leads this week’s review of personnel moves from around Asia’s real estate industry, as a Macau casino operator prepares to bid farewell to its chairman. Also making the list is a change in chief executives from Singapore’s… Read More>>
Alibaba Selling Hypermarket Operator Sun Art to DCP Capital for $1.6B
The new year finds Alibaba Group continuing its retreat from brick-and-mortar retail, with the e-commerce giant on Wednesday announcing plans to sell its controlling stake in Chinese hypermarket operator Sun Art for HK$12.3 billion ($1.6 billion).
The buyer of the… Read More>>
Asia Real Estate People in the News 2022-03-07
One of China’s largest developers has started out March with some management upgrades as Longfor Group announces a new vice chair and chief executive. Also introducing new leadership is NASDAQ-listed data centre operator Chindata, and the Malaysian unit of developer… Read More>>
Asia Real Estate People in the News 2021-05-15
This week’s roundup of personnel moves at Asia’s real estate players finds top level leadership transitions at a pair of mainland real estate giants, as well as senior level changes at private equity firm Forum Partners and at property consultancy… Read More>>
Asia Real Estate People in the News 2021-02-08
Some of Asia’s biggest real estate investors are reshuffling their boards just before the spring festival break sends much of the region home for a few days. This week there are new independent directors at warehouse specialists ESR and ARA… Read More>>
Alibaba Buying Out China’s Sun Art Retail for $3.6B
E-commerce giant Alibaba continued to expand its offline retail empire today with a deal to take control of China’s largest hypermarket operator for HK$28 billion ($3.6 billion).
The Hangzhou-based company said in an announcement to the Hong Kong stock exchange… Read More>>
Vanke Aims to Lead China’s Rental Housing Market and More Asia Real Estate Headlines
It’s a new day in China’s real estate world, as Vanke announces plans to invest in low-yielding home rental projects and their share price surges. Also in the news, Wharf’s spinoff of Hong Kong commercial assets gets a warm welcome… Read More>>
China Retail Slowdown Spreads From Boutiques to Big Box Stores
Same store sales at China’s largest hypermarket chain will fail to grow in 2014, and the owners of the RT-Mart stores blame it on the country’s slowing economy. The announcement from Sun Art Retail Group on August 14th hints that China’s… Read More>>