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>>
Investment Firm Led by Former C&W Boss Buys Beijing R&D Building From Sino-Ocean
GLP-backed ACR Asset Management on Thursday revealed its acquisition of the Beijing Diamond Plaza building in the Chinese capital’s primary technology hub.
Founded by Edward Cheung, the former chief executive for Greater China at Cushman & Wakefield, newcomer ACR bought… Read More>>
GoHigh Teams with Jinmao, Beijing Capital to Buy Former Kuaishou HQ for $410M
China’s fast-growing digital economy continues to show its impact on the real estate market, as a local fund manager this week announced a deal to acquire an office building in Beijing’s Zhongguancun area that until recently was home to one… 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>>
Partners Group Takes Majority Stake in $1.34B Buyout of Beijing Commercial Complex
The tension between Beijing’s chronic shortage of office space and booming tech sector has triggered a burst of activity in the city’s commercial real estate market this year, including acquisitions of assets in the city’s tech hub worth more than… Read More>>
ByteDance Said to Buy Beijing’s Zhongkun Plaza Mall for RMB 9B
ByteDance, the private Chinese company behind the hugely popular video chat app TikTok, is said to have acquired a failed Beijing shopping center for RMB 9 billion ($1.34 billion), with a plan to convert the facility for office use, according… Read More>>
JD Group Buys Beijing Hotel for RMB 2.7B to Create High Tech Complex
Chinese e-commerce giant JD Group has bought an ageing landmark hotel in Beijing for RMB 2.68 billion ($396 million), with the world’s third-largest Internet firm saying that it plans to convert the facility for business and R&D use.
Beijing-based JD Group… Read More>>
Keppel Adds $80M Beijing Office Building to China Portfolio
Keppel Land China has announced it will acquire an 11-storey office building in Beijing’s Haidian district from A Li Yun Shan (Beijing) Business Consulting for RMB 555 million ($80.8 million), with the transaction expected to be completed sometime during the… Read More>>
Partners Group in Talks to Buy Beijing Complex for RMB 5.7B
A consortium including Switzerland’s Partners Group is in talks to acquire a Grade A commercial complex in Beijing for RMB 5.7 billion ($820 million), according to an account this week by Bloomberg.
The Swiss private equity firm is negotiating to… Read More>>
Allianz Buys $196M Beijing Asset From Goldman and Kailong in Drive for $1.1B China Portfolio
Allianz has acquired its first Beijing office building as the German financial giant works to substantially boost its China holdings.
The company’s real estate investment division, Allianz Real Estate, purchased ZLink, a business park complex in the city’s Zhongguancun high… Read More>>