Companies controlled by Hong Kong billionaire Li Ka-shing have sold the Century Link commercial complex in Shanghai’s Pudong district for RMB 20 billion ($2.96 billion) according to statements to the Hong Kong stock exchange. The transaction sets a 2016 high-water… Read More>>
SOHO China Sells Pudong Project to Mainland Insurer for RMB 3.2B
SOHO China, the Beijing-based real estate developer controlled by celebrity entrepreneurs Zhang Xin and Pan Shiyi, confirmed on Friday that it has sold a commercial building in Shanghai’s Pudong district to a mainland insurer for RMB 3.2 billion ($485 million).
Carlyle & CLSA Sell Shanghai Office Building to Yuexiu REIT for RMB 2.63B
A company belonging to private equity firms Carlyle Group and CLSA Capital Partners has sold an office tower in Shanghai’s Pudong district to Hong Kong-listed Yuexiu REIT for RMB 2.63 billion ($423 million).
Yuexiu REIT, which is controlled by Guangzhou-based… Read More>>
China Ping An Said to Buy Shanghai Office Tower for RMB2.24 Bil
China’s insurers have gained worldwide attention for their real estate purchases in New York and London over the last two years, but a soon-to-be disclosed deal in Shanghai shows that these financial giants are also playing a growing role in… Read More>>