…toy distributor, Kidsland. Kidsland will also open 30 smaller FAO Schwarz stores and shops in 200 department stores across China over the next five years. Read more>> China Has Half the World’s Smart City Projects China has about 500 smart city pilot projects, the highest in the world, according to a leading auditing and consulting firm. Over 1,000 smart city pilot projects are ready for or are under construction worldwide and China is home to ab…
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R&F Eyes $1B Zimbabwe Steel Deal and More Asia Real Estate Headlines
…t October. They all operate normally and there is no negative news such as store closures, staff layoffs, or suppliers rejecting orders, Li said. Read more>> Work Starts on 133-Storey Twin Towers in Phnom Penh Initial construction work of the Thai Boon Roong Twin Commercial Centre in Phnom Penh started yesterday, according to an official who helped design the project. Composed of 133-storey twin skyscrapers, the project will cover a five-hectare b…
SG East Coast Condo Project Could Sell for $3.1B And More Asia Real Estate Headlines
…a is reporting. About a week ago, an image of a public notice at a Walmart store in Chongqing started circulating online. It stated that Walmart will stop accepting Alibaba’s payment method from March 15. On the same notice was the company’s announcement of a new WeChat Pay two-week promotional campaign. Read more>> Chinese Developers Set Modest Sales Targets for 2018 Top Chinese developers that released their annual results on Monday have set mod…
SG Housing Site Heads Toward $1.3B Collective Sale and More Asia Real Estate Headlines
…s its stock price does not reflect its earnings performance. The furniture store and shopping mall operator said it will offer HK$11.78 per share, a 17.6 percent premium to the previous close, to buy up to 388.92 million shares, or 9.9 percent of its total issued share capital. Read more>> Wanda’s AMC Theatres to Open First Saudi Cinema Since the 70s AMC Entertainment Holdings, controlled by China’s Dalian Wanda, was granted the first cinema licen…
Link REIT Mall Investor Sells Three Office Floors in Kowloon For $148M
…d to redevelop its Harbourview Horizon hotel in Hung Hom into a pair of 29-storey office buildings. Mall Investor Sees 39% Appreciation on Office Asset After Lam purchased the floors in January 2017 for HK$886 million from Prosperity REIT, the asset reportedly gained HK$274 million in value, an appreciation of nearly 39 percent. Described by the local press as a seasoned property investor, Lam also owns local shoe retailer Union and snack store ch…
Temasek Said Eyeing Deals for HNA-Owned Firms and More Asia Real Estate Headlines
…nks to a new supply programme driven by its owner Sanpower. The department store’s trade orders will now be managed by the newly formed Sanpower Supply Chain and Branding Management Centre, significantly expanding the breadth of products available. By awarding products “quality and credit endorsements” House of Fraser believes it can transform the traditional image of products “made in China” in the UK and across Europe. Read more>> Cache Logistic…
Asia Real Estate People in the News 2018-04-23
…estate has also included roles at Savills and Shanghai Pacific Department Store Co. Jane Wang has joined serviced office provider The Executive Centre as a Business Development Manager in Shanghai, moving on from the American Chamber of Commerce in Shanghai, where she had worked since mid-2012. Wang studied at East China Normal University and the University of Central Arkansas before taking on a series of corporate marketing and communications ro…
China’s CCCC Talks $4B in Sri Lanka Property Deals and More Asia Real Estate Headlines
…two or five years. Read more>> Parkson Cuts 2017 Loss to S$7.8M Department store operator Parkson Retail Asia posted a third-quarter net loss of S$7.8 million, narrowing its net loss by 14 per cent from S$9.1 million a year ago. This translated to a loss per share of 1.16 Singapore cents, versus a loss of 1.35 Singapore cents last year. No dividend was declared for the current financial period, unchanged from the preceding year. Read more>> Co-Wor…
Midea Real Estate Seeking $1B Listing in The City and More Hong Kong Real Estate Headlines
…vestment,” said Li at the opening of A S Watson Group’s new retail concept store CKC18, his first public appearance as chairman since taking over the reins. Read more>> Weave Converts Former Hotel to Co-Living Space The 13-storey building at the corner of Boundary and Portland streets in Kowloon has been home to cheap hotels, but its latest incarnation reflects the global demand for co-living spaces. When Weave on Boundary opens this summer, its 1…
Wanda Launches Nanjing Theme Park and More Asia Real Estate Headlines
…elivery for neighboring communities, and Hema Xiansheng, a new convenience store concept with plans to open 30 locations in the city. Read more>> Sichuan Shopping Centre Blaze Lasts 65 Hours A large shopping centre in China was turned into an inferno over the weekend after a fire engulfed it for more than two days. Over 1,000 firefighters and 200 fire engines were sent to the six-storey building to put out the flames in Sichuan Province. No casual…
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