…and textiles designer Marimekko celebrated the opening of its first retail store in Hong Kong on Thursday. The company intends to open its next outlet in Shanghai as soon as suitable premises are found. The plan is to open another 13 Marimekko stores in China by the end of 2016, according to Marimekko’s press release published on Thursday. Harry Winston Brings the Bling to China Having conquered Hollywood, Harry Winston Diamond (HWD) is rolling ou…
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Hong Kong Mall Builders Go West in China – and more of Today’s China Real Estate Links | May 9, 2012
…consumer electronics stores in China, also launched a business-to-business online store on Monday. Real estate developers struggle in sea of red ink Listed property developers’ first-quarter reports have been coming in, and they’re full of gloom: More than 60 percent of those whose shares trade on the A-share market reported lower profits or losses. According to an index tracking 149 A-share developers, compiled by Shenyin & Wanguo Securities Co,…
Fashion Label Paul Smith Plans Shanghai Megastore — and more of Today’s China Real Estate Links | May 15, 2012
…collected from around the web: Fashion Label Paul Smith Plans Shanghai Megastore in China Entry Paul Smith Ltd., the British fashion label worn by celebrities David Beckham, George Clooney and Jude Law, is planning a flagship store in Shanghai to enter mainland China as the clothing market surges. The brand will set up a 5,000 square-foot (465 square- meter) location in Shanghai in December, and add 24 shops in China over the next five years. Econ…
Apple Expanding China Retail by Opening Shops in Chengdu and Shenzhen – and more of Today’s China Real Estate Links | May 18, 2012
…s surveyed by Bloomberg News. Michael Kors Plans Doubling of Greater China Stores by Year End Michael Kors Holdings Ltd. (KORS), the luxury-goods maker and retailer, aims to more than double its Greater China stores by the end of the year as the clothing market surges. Shops in China, Hong Kong, Macau and Taiwan will jump to 15 by the end of this year from seven now and may gain to more than 100 over the next three to five years, Chief Executive O…
CBRE Says Asia Retail Rents Slowing – and more of Today’s China Real Estate Links | May 24, 2012
…ws collected from around the web: Asia Retail Rents See Sluggish Growth as Store Expansions Slow Asia-Pacific retail rent growth “remains sluggish” as Europe’s debt crisis causes retailers to put expansion plans on ice, said property broker CBRE Group Inc. An index of 16 Asia-Pacific market rents recorded an increase of 0.4 percent in the three months ended March 31 from the prior quarter, CBRE said in an e-mailed report. Hong Kong’s average prime…
International real estate funds eye China market – and more of Today’s China Real Estate Links | May 25, 2012
…se Prada can face up to the challenge given its attractive product mix and store expansion plans, forecasting huge gains for the company’s stock over the next 12 months. HSBC flash PMI: China production still contracting HSBC’s flash PMI data for Chinese production – which comes out a week earlier than the final HSBC and official numbers, showed continued weakness in China’s manufacturing sector in May. The index dropped further below 50, hitting…
Apple Eyes New Stores in Two Chinese Cities – and more of Today’s China Real Estate Links | June 7, 2012
…l be a big boost for Apple’s China business, which currently has only five stores on the mainland, three in Shanghai and two in Beijing. Gucci to Open Store in Chongqing The mega-metropolis may have been in the news more for political controversy and intrigue than business over the past several months, but on June 18 the massive Chinese municipality of Chongqing — larger than Taiwan and nearly as populous as Canada — will see the opening of Gucci’…
China home price declines slow, Beijing to keep curbs – and more of Today’s China Real Estate Links | June 19, 2012
…ef executives of several Japanese service industry giants all talked about their expansion plans in China. From Uniqlo, the clothing retailing chain to MUJI, the household goods and clothing chain, to Lawson and 7-Eleven (7-11 in China) — two U.S.-born convenience store giants now under Japanese ownership — this year China will see the opening of over 50,000 stores owned by Japanese corporations. This list is updated daily, so tune in again tomorr…
General Mills plans to open 50 more Haagen-Dazs stores in China – and more of Today’s China Real Estate Links | July 12, 2012
…eam’s retail distribution in the fast growing market.The first Haagen-Dazs store in China opened in 1996. Mitsubishi Links Up with Gemdale for 66 Bil Yen Dalian Condo Deal Mitsubishi Corporation has agreed to participate in a large-scale condominium development project in Dalian, China, through a joint venture with Gemdale, a leading real estate developer in China. The total cost of the Project is estimated at 66 billion JPY.The Project will be MC…
GLP Bets Big on Warehouses in China – and more of Today’s China Real Estate Links | August 3, 2012
…her items, Jeffrey Schwartz is making big bets on the warehouses needed to store and distribute all those goods. Mr. Schwartz’s Global Logistic Properties owns 156 million square feet of warehouses in Asia, with half its properties in the Shanghai area, which has one of the world’s busiest ports. With tenants like United Parcel Service Inc., Nike Inc. and Amazon.com Inc., the company started construction on 18 million square feet of new space last…
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