…ight interviews with leading industry personalities. The action moves back online in October, with Mingtiandi’s fifth annual data centre forum on MTD TV. With digital infrastructure continuing to gain in popularity as an asset class, the forum will include spotlight interviews with industry leaders, as well as panels on Asia’s hyperscale market, Southeast Asia data centres, and opportunities in Japan and Korea. With Japan moving to the top of inve…
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Tencent Grabs Stake in China Mall Developer with Eye on O2O
…on would allow customers to pay for purchases at the mall through WeChat’s online payment feature, and would also enable the application to push promotional messages at shoppers and track the movement of users through the mall. More Mall Operators Join with Online Networks The agreement between Tencent and China South City comes less than one month after the Internet firm run by billionaire Pony Ma announced a similar alliance with developer Dalia…
Surge of New Offices as 2.78M Sqm Added to China’s Downtowns
…likely hold off on office relocations now and wait until new supply comes online in 2016, to examine their long-term occupancy requirements. There will be a flight-to-quality over the next several years as tenants upgrade from aging buildings that do not have the infrastructure to support their needs,” says Michael Stacy, Managing Director, Tenant Advisory Group, China. Despite the record-breaking new supply, the privately held real estate adviso…
Suning Signs Deal to Open 40 Shops in Wanda Malls
…percent stake in Suning, as the two companies hoped to build a new online to offline platform for electronics merchandising. Already in 2013, Suning had rebranded itself an online to offline retailer, introducing online payments and integrating its web business with its bricks and mortar shops….
JD.Com Hypes 50% Discounts on Home Sales for China’s Singles Day
…founded by Richard Liu Qiangdong unveiled plans to open a chain of offline stores to help developers promote properties listed on the company’s website. Promoting Home Sales Through VR-Powered Storefronts JD’s leadership did not reveal details of specific homes being made available on China’s Singles’ Day, which now outranks Black Friday in the US as the biggest shopping orgy in the world, according to some highly elastic statistics promoted by JD…
Singapore REIT Launches S$102M Offering to Fund Aussie Buy and More Asia Real Estate Headlines
…Haryana. Read more>> Property Shares Fall As China Asks Philippines to Ban Online Gambling Investors unloaded stocks in some of the country’s top property developers on Thursday, amid worries that China’s crackdown on online gambling will dent the rising demand for office space and condominiums fueled by Philippine Offshore Gaming Operators (POGOs) and their Chinese workers. This came after China’s Foreign Ministry Spokesman Geng Shuang urged the…
Blackstone Buys Tokyo Warehouse Portfolio From Mapletree for $920M
…the aging population in Japan which is becoming more and more dependent on online shopping for their growing needs,” said Pelham Higgins, JLL’s Head of Industrial Capital Markets in Japan and Korea. “The shift to online shopping has had a profound effect on logistics real estate infrastructure because unlike traditional retail supply chains e-commerce involves reverse logistics (ie items being sent back), smaller and more frequent deliveries, a ra…
GLP, ESR and C&W on How E-Commerce Shapes China’s Warehouse Market: MTD TV Asia Logistics Forum 2021
…properties would ensure an ongoing role for developers in leasing space to online shopping platforms. “They’re not the expert in supply chain, they’re not the expert in network design, they’re not the expert in warehouse design, as well as the technology that goes into a warehouse,” Yeo said. He sees continued collaboration with specialists like ESR and GLP as the path forward for most e-commerce providers. Cold Chain and Data Centres With China’s…
Wang Jianlin Building Chicago’s Priciest Penthouse and More China Real Estate Headlines
…Dakang Pasture Farming Co to the Shenzhen Stock Exchange. Read more>> Five-Storey “Happy Slide” Opens in Shanghai Mall For months now, images of a massive slide at a shopping mall in Shanghai have been spreading virally online. Known as the Happy Slide, the 54-meter-long tube will allow thrill-seeking shoppers to go from the top floor to ground level in a hair-raising 16 seconds! This new slide is in the New World Department Store mall in Shanghai…
Shanghai Tower Developer Said to Invest in $2.98B NYC Project
…shed this week in state-run media in China. Under the earlier plans the 95-storey tower was to include seven storeys of retail, anchored by a Nordstrom’s department store, as well as four floors devoted to a hotel. The remaining floors of the supertall would provide 182 condo units. Upon completion, Central Park Tower will be the second tallest building in New York, and in the US. SMI’s Shanghai Tower, which has yet to officially open, is the seco…
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