…has changed.The first hint of trouble showed up in January when department store John Little shut down after a 174-year run. Then, in July, Amazon.com Inc. introduced its two-hour Prime Now delivery service, choosing the city-state of 5.6 million people as the testing ground to fine-tune its Southeast Asia ambitions. Read more>> Singapore’s Rockworth Capital Spins Off Aussie Holdings One of Singapore’s most active buyers of Australian commercial p…
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Samsung Unit Pays $656M for Seoul Office Asset and More Asia Real Estate Headlines
…CCCC International Holding Ltd., has been pushed back to March 30 from the original date of February 23. Read more>> Alibaba Invests $865M in China’s #2 Home Furnishing Chain Alibaba Group Holding Ltd. will invest around RMB5.45 billion ($865 million) for a 15 percent strategic stake in Beijing Easyhome Furnishing Chain Store Group Co., Ltd. as part of its “New Retail” business model, the company announced Sunday. The investment is part of a strat…
HNA Adds Nine Overseas Properties to Fire Sale
…son Yards project, with $166 million already contributed. The US developer originally filed plans for the project in September 2016, with completion planned for 2022. A second Tishman Speyer project in New York on HNA’s list is an unnamed $767 million development aimed at creating 4,800 square metres of new office space by 2022. HNA indicated that it has committed $254 million to the project with $173 million already contributed. HNA is also offer…
HNA Confirms Fire Sale List of $1.1B More in Mainland China Assets
…19-storey office tower, three 15-storey serviced apartment buildings, a 20-storey five-star hotel, two five-storey retail towers — which contain a 15,000 square metre (161,458 square foot) underground supermarket — and the 50,000 square metre Haiyu Amusement Park. The total construction area of the Haiyu Square complex is around 200,000 square metres. Shedding a Debt Burden HNA has made the properties available as it tries to shed a debt burden es…
CBRE Scores HK$595M Sale of Sheung Wan’s CentreHollywood and More Agency Wins Mingtiandi Broker Battle
…versee the upgrade of the Central Plaza in Chengdu, which comprises two 38-storey office towers and the New World Department Store. Read more>> Colliers has been appointed by the Beijing Daxing District Jingnan Logistics Base Management Committee to provide planning and consultancy services for upgrading the Jingnan Logistics Base, the largest logistics base in Beijing covering a site area of 180,000 square metres. Read more>> Singapore In early J…
Stable Floors Make Profitable Facilities for Shanghai Manufacturer Sponsored feature
…en the load-bearing capacity of the floor in the 1,800 square metre single-storey building. After a detailed on-site examination, Geobear’s technicians developed a tailor-made solution for the client that allowed it to increase the load-bearing capacity of the warehouse floor from five tons per square metre to eight tons per square metre, without stopping operations in the facility. Implemented and fully completed in under 18 days, Geobear again e…
Chongqing’s CC Land Joins Meyer Bergman for £1.2B London Redevelopment
…operty investment firm Meyer Bergman to transform the Whiteleys department store in Queensway into a 1.1 million square foot (102,193 square metre) mixed-use development. The 50:50 JV expects to invest a combined £400 million in equity into the redevelopment, while funds managed by US private equity firm Apollo Global Management will provide a construction facility of £850 million to make sure the new structure comes together, according to the a j…
CLSA Sells Trophy Building in Tokyo’s Ginza to Notch 43% Mark Up in 9 Months
…rty is located on Chuo-dori Street, not far from Tokyo’s oldest department store, Mitsukoshi Ginza, and the luxury shopping centre Ginza Six. Selling Ginza Glitz With a net leasable area of 600 square metres (6,458 square feet), the Japanese investor paid $215,000 per square metre for the property on the glitzy Ginza strip. All six floors of the building are currently tenanted by a Spanish company at a rent of JPY 68,000 per tsubo per month, which…
Link REIT Buying Guangzhou Mall for $501M
…it enhances sports offerings and aims to attract more children. The eight-storey structure at 36 Machang Road includes another four storeys of retail below ground, with the property rights set to expire in July 2039. Link will fund the investment, which is set to close this month, with its internal resources and facilities with the intention to hedge the majority part of currency exchange volatility. Link Likes China Retail For its seventh invest…
China Home Price Growth Slowing Say Surveys – Today’s China Real Estate Links | January 3, 2014
…the Shanghai World Financial Center and the Taipei 101 tower. Bundshop, a store and agency for Chinese artists and designers, is selling individual candles online. Starwood Opens New Aloft Hotel in Jiangsu Aloft Hotels, part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), announced the opening of Aloft Yancheng in Jiangsu Province of eastern China. Owned by Yancheng Powerlong Real Estate Development Co.,Ltd, the hotel is the first intern…
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