A Chinese warehouse developer invested by the Carlyle Group and Singapore’s Temasek Holdings last week got ready to put $300 million of that capital to work on a major new logistics facility in Wuxi aimed at serving demand from China’s… Read More>>
Mega-Funds Looking for Partners in China’s Warehouse Sector
Since August last year global fund investors have poured more than $3.81 billion into China’s warehouse developers, seeking a share of the profits reaped from supporting the country’s rapidly growing retail and ecommerce sectors.
And the influx of money could… Read More>>
APG to Buy 20% of Warburg Pincus-Backed e-Shang for $650M
Dutch pension fund asset manager APG Asset Management announced late last week that it is committing up to $650 million to acquire 20 percent of China warehouse developer and operator e-Shang, and to set up a joint venture with the… Read More>>
CapitaLand to Take CapitaMalls Asia Division Private for $2.5B
Southeast Asia’s largest real estate developer, CapitaLand, announced this afternoon that it is offering to buy back its Singapore-listed subsidiary, CapitaMalls Asia Ltd, for S$3.06 billion ($2.45 billion).
CapitaMalls Asia has been CapitaLand’s retail development subsidiary, and is perhaps best… Read More>>
Temasek and RRJ Capital Bet $250M on China Warehouse Builder Yupei
China’s booming logistics real estate sector received another vote of confidence last week when an investment firm linked to Temasek Holdings and Hong Kong-based private equity firm RRJ Capital invested $250 million into warehouse developer Yupei.
Yupei, which last year… Read More>>
Chinese Developers Muscling in on Singapore Inc’s Home Turf
On February 28th, China state-run real estate developer Greenland Group announced plans to invest RMB 20 billion (US$3.26 billion) to develop projects in Malaysia’s Danga Bay.
But amidst the press releases and media coverage, perhaps the biggest milestone went unannounced… Read More>>
Revenues Down 8.7 Percent as CapitaMalls Slows China Expansion
Revenues for Singaporean retail developer CapitaMalls Asia dropped 8.7 percent during the fourth quarter of 2013, due mainly to a slow down in China, the company said in a statement this week.
According the most recent financial results for the… Read More>>
CapitaLand Acquires Residential Site in Ningbo for US$181 Mil
CapitaLand China, a subsidiary of Singapore’s largest real estate developer announced recently that it had acquired a residential site in the port city of Ningbo in eastern China’s Zhejiang province for S$232 million (US$181.45 million).
The 57,370 square metre site in the Sunjia area of the city’s Jiangbei district was acquired through a government land auction, and CapitaLand said in a statement that it intends to develop approximately 1,100 homes on the property.
HK-Based Private Equity Firm to Invest US$50 Mil in Shanghai Developer
The enthusiasm of international private equity investors for China real estate deals made another appearance last week when RRJ Capital of Hong Kong announced a US$50 million investment purchase of shares in Hong Kong-listed real estate developer CIFI Holdings (Group)… Read More>>
Singapore’s Mapletree Raises US$1.4 bil for China Real Estate Fund
Singapore’s Mapletree Investments added US$1.4 billion to the private equity funds competing for China real estate assets last week when it announced the closing of its Mapletree China Opportunity Fund II.
The Mapletree fund is one of the largest China-centred… Read More>>
