Real estate investment globally has faced a challenging year in 2023, at the same time that mainland China has seen encouraging signs from recent government moves to support the property sector and the rapid expansion of investment opportunities like the… Read More>>
CapitaLand Sets Up Pair of RMB Business Park Funds In China
CapitaLand Investment continues to demonstrate its ability to raise funds domestically in China, teaming up with 10 local investors to establish RMB 4 billion ($550 million) in new renminbi-denominated vehicles, according to an announcement on Thursday.
CapitaLand’s new renminbi funds… Read More>>
ESR Buys Business Park in Shanghai’s Pharma Valley as First Life Sciences Asset
ESR has acquired a business park in the Shanghai biotech cluster known as Zhangjiang Pharma Valley, marking the industrial specialist’s first-ever life sciences asset.
Hong Kong-listed ESR bought the two-building campus from mainland developer Yango for an undisclosed price earlier… Read More>>
Keppel Buys Office Building in Shanghai’s Zhangjiang High Tech Park for RMB 493M
Keppel Land China, the mainland property arm of Keppel Corporation, has agreed to acquire a completed commercial property in Shanghai’s Zhangjiang High Tech Park for RMB 493 million ($69.23 million), according to an announcement by the Singapore-listed developer on Friday.
Lujiazui Group Pays RMB 9.1B for Site of Shanghai’s First Suburban Supertall
Lujiazui Group, the largest state-owned developer in Shanghai’s Pudong district has agreed to pay RMB 9.1 billion ($1.28 billion) to acquire a mixed-use site in the city’s Zhangjiang High Tech Park, according to an announcement last week by the Shanghai… Read More>>
Ping An-Landsea Green Fund Acquiring Office Assets in Shanghai’s Zhangjiang Hi-Tech Park
A joint venture between Ping An Real Estate and Landsea Green Group, the listed platform of Nanjing-based Landsea Group, has agreed to acquire an office property in Shanghai’s Zhangjiang High Tech Park, for an undisclosed sum, according to a Hong… Read More>>
Blackstone Said in Talks to Buy Pudong Commercial Complex for $1.5B
Blackstone Group is said to be in talks to acquire Chamtime Plaza, a commercial complex in Shanghai’s Pudong district, in a deal that could be worth more than RMB 10 billion ($1.5 billion), according to an account by Bloomberg.
The… Read More>>
Shanghai Awards Site for $8B Pudong Commercial Complex to SOE Duo for $2.2B
Shanghai’s government has awarded a deal for a RMB 50 billion ($7.9 billion) commercial complex — bigger than New York’s Grand Central Terminal — to a consortium of local state-run firms as the city prepares for yet another commercial hub… Read More>>
KaiLong Sells Shanghai Office Building to Hony Capital
Warburg Pincus-backed investment manager KaiLong Group has sold an eight-storey office building in Shanghai’s Zhangjiang Hi-Tech Park, achieving a successful exit after picking up the property over three years ago, the company announced.
Although the buyer and financial terms were… Read More>>
Vanke Continues to Diversify Investments with Shanghai Industrial Deal
China’s biggest real estate developer by sales continued to move beyond its traditional base in housing projects last week when Vanke picked up 160,000 square metres of industrial land in Shanghai.
The property giant bought the land in Zhangjiang High… Read More>>