A co-founder of Hong Kong shared space firm Campfire has teamed up with a former executive of Hong Kong-based developer Sunlink to buy a suburban community mall in the New Territories that has stood empty for over ten years.
The… Read More>>
Hong Kong Restaurant Operator Puts Central Space on Market for HK$400M
Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an asking price of HK$400 million ($51 million), as the city’s ongoing civil unrest chips away at consumer spending.
The… Read More>>
KKR JV Acquires Shanghai Commercial Project Via $1.5B Fund
KKR has partnered up with a Shanghai-based fund manager to acquire a commercial development near the city’s historic Bund waterfront, according to people familiar with the matter.
The US private equity pioneer is making the investment through a joint venture that… Read More>>
Founder of Shanghai Zendai Group Surrenders to Police in P2P Probe
Dai Zhikang, the founder and legal representative of Shanghai-based property and finance conglomerate Zendai Group, has surrendered to the police after his company was brought under investigation for illegal fund raising with regard to a RMB 10 billion ($1.4 billion)… Read More>>
Keppel Buying Office Building in Beijing’s Zhongguancun for RMB 197M
Keppel Land China, the mainland property arm of Keppel Corporation, has announced that it is acquiring an office building in Beijing for RMB 178.6 million ($25 million), as the company pushes forward with plans to grow its commercial real estate… Read More>>
Blackstone, ARA and CK Asset Joining APREA Summit in SH 3-5 September
Asia’s property investment leaders will be gathering in Shanghai this coming week as the Asia Pacific Real Estate Association holds its largest event of the year in China’s commercial capital.
The APREA Asia Pacific Property Leaders Summit will take place… Read More>>
PAG Said to Sign MOU to Buy Grand Hyatt Seoul for KRW 500B
PAG has signed a memorandum of understanding with Hyatt Hotels Corporation to acquire the Grand Hyatt Seoul for approximately KRW 500 billion ($410 million), according to market sources cited in the Korea Economic Daily.
The investment management firm led by… Read More>>
CBRE Notches HK$916M Tai Tam Mansions Sale and More Agency Wins Mingtiandi Broker Battle
While things have grown quieter in Hong Kong’s normally buzzing real estate market, CBRE scored a win with the combined HK$916 million ($117 million) sale of two luxury houses overlooking Tai Tam Bay, one of which sold for over $HK100,000… Read More>>
IKEA to Invest RMB 10B in China Operations
Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in a bid to upgrade and expand its store network and boost its e-commerce offerings in the country.
The planned investment… Read More>>
Alibaba’s Red Star Macalline Launches Property Agency in Shanghai
Red Star Macalline Holding, which develops and operates China’s largest chain of home furnishing malls, is launching its own real estate agency, the president of the newly launched brokerage announced on Monday, according to local media reports.
Famous for its… Read More>>
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