It may have seemed like an attack by the undead, but a crazed mob that tore the doors off a Hangzhou real estate office last weekend came in search of apartments, not human flesh.
When homes went on sale at… Read More>>
Sunac China Agrees to Buy 42 Projects from Legend Holdings for $2.1B
Sunac China has agreed to buy substantial stakes in 42 real estate projects from investment firm Legend Holdings for RMB 13.7 billion ($2.1 billion) as the developer controlled by tycoon Sun Hongbin takes another swing at joining the big leagues… Read More>>
Li Ka-Shing’s CK Property Jumps Back into HK Market with $252M Site Acquisition
Pronouncements of Li Ka-shing’s retreat from Greater China real estate markets may have missed the mark after Hong Kong’s richest man beat out Sun Hung Kai, China Vanke and 14 other bidders to win its first Hong Kong land auction… Read More>>
ARA Said Buying 50% Stake in SG’s Capital Square From Alpha
ARA Asset Management is said to have won its bid to purchase a 50 percent stake in Singapore’s Capital Square from Alpha Investment Partners, according to an account in Bloomberg.
No transaction price was disclosed for the 16-story building at… Read More>>
Sam Zell Re-Ups with ESR – Puts $205M into Japan Warehouse Projects
Sam Zell thinks Asia needs more warehouses, and the Chicago-based real estate magnate has just closed on his first Asian-focused fund, with the objective of profiting from development and operation of new logistics facilities in Japan.
Zell’s Equity International, which… Read More>>
Evergrande Appoints New CFO to Manage Growing Debt Pile
China’s most highly leveraged developer has a new custodian for its growing stack of financial obligations, as Evergrande Real Estate moved out its former CFO in favor of understudy Pan Darong.
Pan took on the role of chief financial officer… Read More>>
Chinese Think Tank Says 1/3rd of Mainland Malls to Close Within 5 Years
More bad news for China’s struggling brick and mortar retailers as a recent report from the Chinese Academy of Sciences and Social Sciences Academic Press predicted as many as one-third of all shopping centers in China will close their doors… Read More>>
Anbang is Headed for an IPO, But Are We Sure Who Owns It?
Anbang Insurance, the Chinese company that burst on stage in late 2014 with its $1.95 billion acquisition of the Waldorf Astoria, is headed for a Hong Kong stock market listing as early as the middle of next year. While the… Read More>>
Poly Real Estate Eyes More Australian Office Investments
Poly Australia, Shanghai-listed Poly Real Estate’s Australian arm, is looking for A-grade office investments in Melbourne’s CBD, according to The Australian. The news comes less than two months after the developer purchased a pair of buildings near Sydney’s Circular Quay… Read More>>
Rushabh Desai Named Head of Asia Pacific at Allianz Real Estate
European heavyweight Allianz Real Estate has hired Rushabh (Rush) Desai to head its Asia Pacific business, where the long-time General Electric executive will be reunited with his former boss Francois Trausch, who now runs Allianz Real Estate globally.
Desai joins… Read More>>
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