Asia real estate and outbound investment news
Chinese retailer Suning.com has agreed to buy an 80 percent stake in Carrefour Group’s China unit for RMB 4.8 billion ($699 million) in cash, according to an announcement to the Shenzhen stock exchange.
The agreement paves the way for the… Read More>>
Dalian Wanda has sold 37 department stores to Chinese retailer Suning.com for an amount estimated to be less than RMB 8 billion ($1.18 billion) as China’s largest commercial developer continues a two-year sell off of overseas and non-core assets after… Read More>>
Chinese retailer Suning.com is setting up a RMB 20 billion ($3 billion) joint venture with Evergrande Real Estate Group to develop commercial plazas to promote its smart retail services. The retailer will invest RMB 9.8 billion for a 49 percent… Read More>>
Wanda boss Wang Jianlin has been selling properties in the UK, Australia and mainland China to help lessen his debt load, and now the owner of China’s biggest commercial developer is selling off nearly 14 percent of his flagship commercial… Read More>>
Chinese retail giant Suning Commerce Group is partnering with a government-backed VC firm to set up a logistics real estate fund with a target size of RMB 30 billion ($4.5 billion).
The company announced that its wholly-owned subsidiary Jiangsu Suning… Read More>>
Leading today’s news, Chinese capital is reportedly on the rebound in Sydney. Also, in the headlines, Hong Kong’s Great Eagle seems to be creating America’s first politically-aligned hospitality brand, and Shenzhen condo projects are going rental as China looks for… Read More>>
Two of China’s retail giants surprised the market today with the announcement of cooperation agreement the calls for electronics seller Suning to open 40 new shops in Dalian Wanda’s malls in the next four months.
The two companies indicated that… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
Shopping mall developer CapitaMalls Asia is acquiring its third mall in Wuhan, China…. Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
China will levy property taxes in more cities this year and… Read More>>
