Shanghai’s Greenland Group, China’s second-largest real estate developer by sales, is part of a team that has won first-round approval for developing a mixed-use project that could involve building as much as 232,000 square metres (2.5 million square feet) of… Read More>>
COFCO Property Beats Out 20 Rivals to Pay $368M for Suburban Shanghai Site
The rush for land in China’s first-tier cities continues as Beijing-based COFCO Property Investment last week agreed to pay RMB 2.44 billion ($368 million) for a plot of residential land in Shanghai’s Pudong district. The price paid by the state-run… Read More>>
Baoneng Calls for Wang Shi’s Ouster in Battle for China Vanke
The battle for control of China Vanke, the mainland’s largest property developer, has become an all-out war as the company’s largest shareholder has filed a motion to remove chairman Wang Shi and nearly all of the company’s board. The move… Read More>>
Brexit Could Boost Asian Investor Interest in Aussie Real Estate
The dust has yet to settle from the UK’s historic vote to leave the European Union, but the uncertainty caused by Brexit is already expected to tamp down interest in the London property market, and provide opportunities for Asian cities… Read More>>
Will Chinese Real Estate Acquisitions Trigger Populist Pushback?
It’s no secret that Chinese investment capital has been the driver of huge growth in several major global cities. But, as history tells us, what that prominence means is that the backlash may be about to start.
Name a country,… Read More>>
Transportation Tops Interest Rates Says Speyer in Shanghai
Property values will increasingly be driven by public transportation, rather than interest rates as more and more people jam themselves into the world’s cities, says Rob Speyer, CEO of US developer Tishman Speyer. Addressing the annual ULI Asia Pacific Summit… Read More>>
TH Real Estate Adds Shu Watanabe to Head APAC Transactions Team
TH Real Estate has added Shusaku (Shu) Watanabe as Director of Capital Transactions for Asia, as the real estate investment management company continues to build up its Singapore-based team.
At TH, Watanabe will lead a team in evaluating, structuring and… Read More>>
Anbang Planning to Convert More Than 70% of Waldorf Astoria to Condos
Anbang may be planning to convert 1000 of the 1400 hotel rooms in the legendary New York site into luxury condos after closing on their landmark acquisition over a year ago.
According to sources cited in Crain’s New York, Anbang’s… Read More>>
Tishman Speyer, Blackstone and Gaw to Lead ULI Summit in Shanghai
One of the real estate industry’s biggest regional events comes to Shanghai this week when the annual meeting of the Urban Land Institute (ULI) is held in the city from June 15th through the 17th.
The ULI APAC Summit, organised… Read More>>
Goodman Buys Shanghai Logistics Center From A-REIT for $19M
Singapore-listed Ascendas REIT is selling a logistics center just outside Shanghai to Goodman Group as the Australian industrial developer expands its China portfolio. Ascendas REIT, also known as A-REIT, said in a filing to the Singapore Stock Exchange last week… Read More>>