A Sydney shopping centre investment leads our look at real estate news from around the region today as an Australian retirement fund takes a stake in one of the city’s best known shopping centres. Also making our list is the… Read More>>
Evergrande $3B Services IPO Approved and More Asia Real Estate Headlines
In the week’s final roundup of regional news headlines, one of China’s most indebted developers had taken another step toward securing some fresh cash as China Evergrande wins approval for its $3 billion Hong Kong property management IPO. Also in… Read More>>
Greater China Real Estate People in the News 2016-03-07
There were too many new faces in new places this week to fit into this column, so the news about a regional real estate downturn doesn’t seem to have put a lid on new job opportunities in Greater China. This… Read More>>
China’s Sunshine Insurance Buys Sydney Sheraton Hotel for $401M
Hospitality group Starwood Hotels & Resorts Worldwide announced on Friday that it had sold its Sheraton on the Park in Sydney, Australia to China’s Sunshine Insurance Group Corporation for A$463 million (US$401 million).
The acquisition continues a number of major… Read More>>
81 Percent of China’s Insurers Prefer to Invest in Real Estate
China’s insurance funds have US$1.19 trillion invested, and more than three-quarters of them are looking for real estate deals to spend their cash on, according to a report last week by PricewaterhouseCoopers.
In a survey of executives at China’s insurance… Read More>>
Shui On Land Sells Chongqing Office Tower for RMB 2.4 Bil
Real estate Developer Shui On Land recently reached agreement to sell its Corporate Avenue 2 project in its Chongqing Tiandi development to Sunshine Life Insurance for RMB 2.4 billion (US$393 million), as the Shanghai-based firm continued to sell off holdings.