In today’s roundup of regional news headlines, the newly formed ESR-Logos REIT plans to dispose of three buildings near Sydney, department store operator Wangfujing strikes a deal to acquire an outlet store in Hainan, and more data centres are on… Read More>>
Beijing’s Wangfujing Ranks 13th for Retail Rents Globally
Rents in China’s most expensive shopping district rose by more than nine percent in the last year, but the increase was only enough for Beijing’s Wangfujing to keep its ranking as the world’s 13th most expensive place to open a… Read More>>
Hong Kong’s Fu Wah Group Buys Melbourne Park Hyatt for A$135m
A privately owned Hong Kong real estate developer added to the flood of Chinese money into Australia this week by picking up the Melbourne Park Hyatt Hotel for a reported A$135 million (US$119.78 million).
The five star hotel is located near Melbourne’s Parliament House at 1 St Andrews Place and was developed in 1999 by Lustig & Moar at a cost of $150 million. The sale involves both the 240 room Park Hyatt hotel and an adjoining commercial car park.
Beijing’s Wangfujing Now Among Asia’s 10 Priciest Retail Locations
China’s growing taste for shopping is pushing up retail rents in the world’s second-largest economy, and now a global survey has confirmed that in at least one key district, the cost of securing shop space is among the ten highest… Read More>>
New Apple Store Set to Open in Beijing This Year
According to local media reports, Beijing’s second Apple store is under construction in Beijing and should open before the end of the year.
The reported future Apple outlet is apparently being built in Beijing’s China Central Place Shopping Center in… Read More>>
Long Lines, But No Riots, as Mega-Apple Store Opens in Beijing
The largest Apple Store in Asia was opened this weekend in Beijing’s Wangfujing area, but unlike previous Apple-paloozas in China’s capital, no mass incidents occurred and shoppers were able to feed their compulsions undisturbed.
Although the store is Apple’s third… Read More>>
Third Apple Store In Beijing to Open In Wangfujing – and more of Today’s China Real Estate Links | October 17, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
An Apple store is opening in China next week, in… Read More>>