…ntral Group said on Friday that it has bought the iconic KaDeWe department store in Berlin from insolvent Austrian real-estate giant Signa. The 650,000 square foot (60,386 square metre) store is located on one of the German capital’s main shopping streets, and has long been a major draw for tourists. The mall comes along with land of 5,357 square metres and the built up area of 9,873 square metres followed by 1,579 square metres of common area and…
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How Cold Chain Innovation Enables China’s $32B Food Delivery Industry Sponsored Feature
…erce efficiencies meant the retailing group is able to reduce its physical stores to 700 from 1,000. Now that the “new retail” model allows products to come to the customer much faster than it takes for the consumer to go to the product, retailers, transportation companies and logistics property developers are building a supply chain infrastructure that will expand the range of products delivered, and the time it takes for them to reach us. While…
Century Bridge Invests $44.4 Mil for Housing Project in Wuhan – and more of Today’s China Real Estate Links | July 17, 2013
…find that malls with mass market positioning may be most at risk. China’s online clothing sales already are huge. iResearch estimates that in 2012 apparel was China’s single largest online sector, accounting for RMB 318.8 billion of the country’s RMB 1.18 trillion e-commerce market. Mainland Real Estate Buyers Are Accomplishing What The PLA Hasn’t In Taiwan For much of the Cold War, rivals Beijing and Taipei hurled insults and shells at each othe…
5 Things I Learned at Mapic’s Shanghai Retail Event
…ing away anytime soon. “People spend a lot of time trying things on in the store,” the retail executive told the audience. “Online will never replace the shopping experience,” he added. 3. China’s Just Not the Same in 2015 Belgian confectioner Neuhaus Chocolates has over 150 years of history but the leader of this European brand’s China expansion says understanding China’s rapid change is key “Lifestyles have changed completely, and consumers have…
Co-Working Emerges as High Tech Competitor, and Complement, for Asia’s Landlords BUILDING ASIA’S DIGITAL FUTURE: A MINGTIANDI SPECIAL REPORT
…ditional publishers bought into fast-growing websites in the first wave of online disruption of offline commerce, as co-working operators start to move into developer territory, some traditional builders have been finding ways to pursue this online-to-offline real estate opportunity. On the mainland, office developer SOHO China has started its own co-working brand, SOHO 3Q, which now has some 19 centres nationwide. In a move that bridges the mainl…
Tencent Teams Up With Carrefour China to Expand O2O Offering
…gical excellence and Yonghui’s operational knowhow, and would “improve its online visibility, increase the traffic of its offline and online retail activities.” The company operates over 12,000 stores worldwide including 225 hypermarkets and 30 convenience stores in mainland China. Analysts have said that Carrefour continues to lose money in China, where it faces sharp competition from domestic retailers and a surging e-commerce market. Alexandre…
New World’s Henry Cheng Still in the Saddle and More Hong Kong Real Estate Headlines
…tell the government your opinion on Hong Kong’s land supply issues, a new online questionnaire will let you do so from the comfort of your own home. Six weeks into the public consultation on the subject, a government-appointed task force has launched an online survey to ask Hongkongers how the city can get at least 1,200 hectares of land for housing and economic needs in the next 30 years. Read more>> Did HSBC Give Birth to Lo Children? Hearings…
Suning Buys Carrefour’s China Operation Off the Discount Shelf at RMB 4.8B
…delivery.” The company added that it will digitise the existing Carrefour stores and integrate its online and offline shopping experience. The deal also put an end to Carrefour’s one and half year long discussion with Chinese tech giant Tencent to sell a minority stake in its China business, although “a strategic business partnership with Tencent remained in place,” a Carrefour spokeswoman told Reuters. Last May, Carrefour opened its first-ever s…
Blackstone India JV to Sell Business Park for $1.3B and More Asia Real Estate Headlines
…0 creditors are owed at least S$31.7 million ($2.37 million) by department store stalwart Robinsons, which is closing down its last two stores here. In a notice issued to creditors dated 13 November, provisional liquidator KordaMentha said that an online creditors’ meeting will be called on 26 November at 2pm. Read more>> Wheelock Banks on Mainland Tycoons for Peak Villa Launch Wheelock Properties, controlled by one of Hong Kong’s richest tycoons,…
CapitaLand Fund Closes on Buy of SG’s ABI Plaza and More Asia Real Estate Headlines
…a Chases New Identity as Developer in Vietnam With its mainstay department store business foundering amid the coronavirus pandemic, Japan’s Takashimaya has turned to property development overseas as the company’s next engine for growth. About six kilometres (3.7 miles) from central Hanoi, development of a new urban hub called Starlake is underway. Takashimaya is investing JPY 1.3 billion ($12.5 million) in the construction and operation of a K-12…
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