In our latest roundup of regional news headlines, China Logistics’ two biggest shareholders set in motion a plan to sell a 50 percent stake in the firm, a Hong Kong mixed-use property formally changes hands, and Singapore developer CDL obtains… Read More>>
Simon Properties Sues in US Court to Cancel $3.6B Acquisition of Taubman
The COVID-19 pandemic drove the biggest drop in US retail sales ever during April, and now the coronavirus has also killed off the country’s largest mall developer’s appetite for a $3.6 billion merger.
Simon Property Group in a 202-page declaratory… Read More>>
US Retail Giant Simon Property to Buy Rival Taubman for $3.6B
Two of America’s largest mall owners are set to merge in a $3.6 billion deal as Simon Property Group moves to become the biggest retail landlord left standing with a takeover of competing NYSE-listed REIT Taubman Centers.
Simon Property Group… Read More>>
Mall Developer Taubman Asia Names Paul Wright as President
US shopping centre REIT Taubman Centers has named veteran Paul Wright as the new president of its Asian operation, according to a statement by the company on Friday.
Wright, who first joined Hong Kong-based Taubman Asia in 2006, takes over… Read More>>
Blackstone Buys 50% Stake in Taubman Asia Mall Holdings in $480M Deal
Taubman Centers announced late last week that it has agreed to sell a 50 percent stake in the shopping centre assets of its Asian division to US alternative investment giant Blackstone in a deal valued at $480 million.
The transaction… Read More>>
De Niro, Scorcese and Mariah Carey Stop by Macau to Open Studio City Complex
A star-studded crew of celebrities, including actor Robert De Niro and singer Mariah Carey, stopped by Macau on Wednesday to open Macau Studio City, a new integrated resort that seeks to meld Hollywood themed entertainment with a 1,600-room hotel and… Read More>>
Hong Kong Has World’s Highest Office Rents and More China Real Estate Headlines 2015-10-15
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Hong Kong World’s Priciest Place for Prime Offices
Land-scarce Hong Kong is the most expensive city in the world to rent… 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>>
Wang Jianlin Loses #1 China Billionaire Spot to Robin Li – Today’s China Real Estate Links | December 5, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
Robin Li passed Wang Jianlin as the richest man in… Read More>>
Seven-level mall to become Taubman’s first retail development in China – and more of Today’s China Real Estate Links | August 31, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
US-based Taubman Centers Inc. (NYSE: TCO) said its Chinese subsidiary has… Read More>>