China Vanke plans to buy the Central Plaza office tower in Shanghai from Carlyle Group for RMB 2.46 billion ($368.94 million), according to media reports. Should the deal be completed it would be the third time the building has changed… Read More>>
China Life to Ramp Up Overseas Deals in Wake of 67% Profit Plunge
China Life, the Beijing-based insurer with major property holdings in the US and Britain, is looking to ramp up its outbound real estate investments, the company told reporters late last week, on the heels of announcing a 67 percent plunge… Read More>>
Greenland, Ping An Lead Four Chinese Investors in Acquisition of $1B Bay Area Project
Shanghai-listed Greenland Group is leading a group of four Chinese investors, including a unit of insurance giant Ping An, in acquiring a 42-acre waterfront site in South San Francisco, California to build a $1 billion life sciences complex.
Already one… Read More>>
Ping An Ramping Up Outbound Deals by 500%, Has $22.5B to Spend
Ping An Insurance is already one of China’s biggest cross-border buyers of real estate, but the mainland financial giant now says it could raise its overseas property holdings by as much as 500 percent within five years, as investment returns… Read More>>
Shenzhen Kingkey Plans 739-Metre Supertall to Top Shanghai Tower
At 632 metres, the Shanghai Tower has been China’s tallest building since it topped out in 2013, however, if one of Shenzhen’s biggest developers has its way, a new supertall structure in the southern metropolis could soon take the mainland’s… Read More>>
LVMH Fund Said to Have Sold Stake in Shanghai’s Big Boot to Angela Leong
L Real Estate, a private equity vehicle controlled by the family behind luxury conglomerate LVMH, has reportedly exited its investment in a Shanghai commercial project after selling out its 50 percent stake to a company controlled by Angela Leong On… Read More>>
CBRE Appoints Morgan Stanley Veteran as New Japan Head
CBRE has appointed long-time Mitsubishi UFJ Morgan Stanley executive Eiji Sakaguchi as its new Chief Executive Officer for Japan.
Sakaguchi, who previously served as head of the real estate group for the joint venture financial firm in Japan will start… Read More>>
Warehouse Platform Logos Closes 2nd $400M JV with Ivanhoe and CBRE GI
Logos Property has announced its second joint venture with Ivanhoe Cambridge and CBRE Global Investors as the Australian-based logistics developer ramps up its investments in mainland China.
The three partners have formed Logos China Logistics Venture (LCLV), according to a… Read More>>
HKMA Buys Stake in NYC’s Salesforce Tower from Ivanhoe for $1.2B
Hong Kong Monetary Authority, the city’s de facto central bank, has become the latest Asian investor to jump into the New York market after investing $1.15 billion to acquire a 49 percent stake in an office tower in at 1095… Read More>>
Gaw Capital Buys Chicago Hotel for $60M
Hong Kong-based Gaw Capital has made its latest purchase of a US property asset after the cross-border real estate private equity specialist last week acquired a 285-room Chicago boutique hotel, together with a partner for $60 million.
A US subsidiary… Read More>>