Leading today’s real estate news from around the region, Tencent is hoping that its newly-opened Shenzhen offices will help the tech giant to build a vertical community campus, while slightly further south in Hong Kong it was revealed that among… Read More>>
Warburg Pincus Forms $430M Co-Living JV With India’s Lemon Tree Hotels
US private equity giant Warburg Pincus is extending its bets on Asia’s rental residential sector by partnering with India’s largest mid-priced hotel chain, Lemon Tree Hotels, in an INR 30 billion ($430 million) joint equity investment to create a new co-living… Read More>>
PAG Joins Firms Leaving Hong Kong’s Central for Cheaper Pastures
Ever-climbing office rents in Hong Kong’s Central district have prompted yet another finance company to change business locales, with private equity firm PAG signing a deal with Swire Properties to lease two floors in Three Pacific Place in Admiralty.
The… Read More>>
Tencent Forms RMB 1.2B Greater China Grocery JV with ParknShop and Yonghui
Chinese internet giant Tencent is forming a RMB 1.2 billion (US$170 million) grocery joint venture with Shanghai-listed supermarket operator Yonghui Superstores and Hong Kong’s ParknShop, according to a joint statement by the three companies.
The move will further boost Tecent’s… Read More>>
Tencent Ties Up with Sun Hung Kai to Push Mobile Payment in Hong Kong
Technology giant Tencent has expanded its network of cooperation agreements with property firms to Hong Kong with the maker of the mainland’s ubiquitous WeChat app last week announcing a partnership with Sun Hung Kai Properties.
Tencent is now working with… Read More>>
Tencent, Hillhouse Agree to $145M O2O Retail Deal With Miniso
Tencent and Hillhouse Capital have signed a RMB 1 billion ($145.6 million) strategic investment agreement with Japanese-style retailer Miniso, according to an announcement by the Guangzhou-based company on Monday.
“The investment of Tencent and Hillhouse Capital will help the future… Read More>>
JD.com Pledges to Open 1000 High Tech Supermarkets Within Five Years
China’s second largest e-commerce retailer JD.com is planning to open 1,000 online to offline supermarkets in the next three to five years, stepping up its competition with Alibaba and Tencent to dominate the mainland grocery business.
Wang Xiaosong, CEO of… Read More>>
Tech Firms Predicted to Lease a Quarter of SE Asia Office Space by 2028
Tech firms will account for 15 to 25 percent of annual office leasing volumes in Southeast Asia in the coming ten years, said real estate brokerage JLL in a report published today. The real estate consultancy sees ecommerce and Internet… Read More>>
Tencent, Warburg Pincus Said Investing $1.5B in China’s Lianjia
Chinese Internet giant Tencent is planning to invest $1 billion into Lianjia, as part of a $2 billion financing round in preparation for a future IPO by China’s largest real estate brokerage, according to a report in the Wall Street… Read More>>
Dalian Wanda Gets $800M Offshore Club Loan and More Asia Real Estate Headlines
Wang Jianlin’s Dalian Wanda maybe have finally found its way out of China’s regulatory dog house as the mainland commercial developer is said to have been allowed to secure a $800 million offshore loan. While Wanda may be on the… Read More>>
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