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Nine Of World’s Top Ten Cities With Fastest Home Price Hikes Are In China

China accounted for nine of the ten cities worldwide with the fastest annual home price increases, with Nanjing topping the rankings with average prices ending last year up 41.1%, according to a new report issued by property consultancy Knight Frank LLP. Chinese cities would have dominated the entire top ten ranking had Wellington, New Zealand, where prices hiked 23.7% in 2016, not nudged Shenzhen out of the tenth spot. Shenzhen saw prices increase 23.5% last year. Property price growth in …

China Overtakes Singapore As Largest Asian Buyer Of Global Real Estate

China has overtaken Singapore as the largest source of capital as Asian outbound investments into global real estate markets totaled US$60 billion in 2016. China made US$28.2 billion in aggregate investments in global property last year, accounting for nearly half of the total from Asia, according to a report issued by property consultancy CBRE.

CIC Joins $1.4B European Shopping Center Purchase

China Investment Corp. has partnered with European real estate investment manager AEW Europe to acquire ten shopping centers in France and Belgium from CBRE Global Investors for €1.3 billion (US$1.42 billion), according to a company announcement. The portfolio includes two dominant prime shopping centers in Belgium, Waasland and Wijnegem, which are both located near the city of Antwerp.

Gaw Capital Leads $938M InterContinental Hotel Purchase

InterContinental Hotels Group PLC has agreed to sell its full ownership of InterContinental Hotel Hong Kong to an investor consortium advised and managed by Hong Kong-based private real estate investment firm, Gaw Capital Partners, for US$938 million, according to a company announcement. The consortium, named Supreme Key Limited, is owned by Hong Kong-listed property investment conglomerate Pioneer Global Group, as well as separate account investors advised by Gaw Capital, says a person with close knowledge of the deal.