…ures aimed at improving the shopping experience for customers including in-store fulfillment of online orders, interactive kiosks or a selection of popular products from Tmall. Read more>> WeWork to Share Workplace Analytics With India Members WeWork India, the Indian arm of US-based co-working space provider WeWork, is launching its ‘design-build-operate’ services here and will offer data analytics to companies, to boost its growth. WeWork, which…
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Gaw Capital Puts Marks & Spencer London HQ on the Market for $335M
…ingtiandi. The 11-storey property is 100 percent let to British department store operator Marks & Spencer through 2028, which less than one month ago announced plans to close more than 100 stores globally after it reported a 62 percent drop in profits in 2017. Korean Institutions Cash in London Investment Waterside House is 100% let to Marks & Spencer Gaw announced in 2013 that it had acquired the property at 35 North Wharf Road in Paddington toge…
Thailand’s Central Group Hopes for $1B Retail IPO and More Asia Real Estate Headlines
…ing its fleet of department stores will help drive a $1 bil IPO Department stores are closing down faster than popsicle stands in November in most parts of the world, but Thailand’s largest retailer makes news today with news of plans to use its collection of department stores to anchor a hoped for $1 billion IPO. The overseas adventures of Chinese developers also grab some ink today as Dahua Group plans an A$1.5 billion suburban community near Sy…
Lotte May Dump Five Mainland Stores and More Asia Real Estate Headlines
…back. Read on for all these stories and more. Lotte May Dump Five Mainland Stores as Political Fallout Continues Lotte Group, reeling from a wave of anti-Korean sentiment in China for more than a year, is considering selling some of its department stores in the country, a move that would accelerate the conglomerate’s withdrawal from the world’s second-largest economy. The sale of some of Lotte Shopping’s five malls is among options being reviewed…
Ascendas-Singbridge Buys 33 Office Assets From Starwood Capital to Enter US Market
…Oregon, Raleigh, North Carolina and San Diego , California. The portfolio originally included 300 Pine Street in Seattle – the former Macy’s Department store – however that asset was removed from the group and sold separately after being 100 percent leased to Amazon.com through 2033. All the properties, including Creekside Corporate Park and Cornell Oaks Corporate Center in the Sunset and 217 Corridors of Portland, Campus at Sorrento Gateway, Car…
Keppel JV Embarks on $143M Bangalore Project for First Commercial Development in India
…ler Metro Cash & Carry India Private Limited (MCCIN), a division of German store operator Metro AG. KPDL acquired the site in Yeshwantpur, northwest Bangalore, from MCCIN for approximately INR 4,050 million ($55.8 million) inclusive of the INR 800 million cost of constructing the 160,000 square foot facility. Dusseldorf-headquartered Metro has more outlets in Bangalore (six) than in any other city in the country. High-Rise Yeshwantpur The new KPDL…
Phoenix Buys Three HK Shopping Centres From Wheelock for HK$3.38B
…ad already grown interested in becoming landlords for the only convenience store or hotpot restaurant in Hong Kong residential communities. Gaw Capital Partners made its biggest acquisition ever last November as it joined with Goldman Sachs to acquire 17 retail properties located within housing communities or near transit from Link Asset Management for HK$23 billion. Another Hong Kong real estate fund manager, Pamfleet, acquired an 80,000 square f…
Henderson Land Competes for Kowloon City Residential Site
…compulsory sale applications came from Hong Kong-based Rykadan Capital earlier this month. The private equity real estate firm applied to the Lands Department to redevelop the eight-storey Jaffe Mansion in Wan Chai into a 30-storey commercial complex after buying up nearly 90 percent of the building for HK$250 million….
M&G Buys Japanese Properties for $84M and More Asia Real Estate Headlines
…allure of US dollar denominated assets and the appeal of real estate as a store of offshore wealth, according to analysts. Hong Kong and mainland China investments in the US property market amounted to US$4.42 billion from January to October, compared to US$6.81 billion for the whole of last year, according to data by Colliers. Read more>> Hong Kong Market Said Headed for a Correction Signs of a housing market downturn in Hong Kong are spreading…
Asia Real Estate People in the News 2018-11-19
…e of Building also has prior experience with Structure Tone and The Disney Store. Todd Huang has joined Colliers International in Shanghai as a Senior Manager with the Capital Markets and Investment Services for East China. Huang will now be handling investment transactions for the property consultancy’s clients in the Shanghai and surrounding region after spending two and a half years with CBRE in Beijing, where he served most recently as an Assi…
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