Private equity firm Warburg Pincus has led a US$180 million series D round in D&J Industrial Property China Investment Ltd., a Chinese business park and suburban office developer.
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’s second biggest property developer China Vanke Co., Ltd. has agreed to invest RMB3 billion (US$440 million) in Lianjia, a Beijing-based online real estate agency, deepening the existing partnership between the two companies.
Hong Kong-based real estate private equity firm Gaw Capital Partners has reached a final closing of its fifth Greater China and Asia Pacific focused real estate fund at its US$1.3 billion hard cap.
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.
Shanghai was the top city for real estate investment in Asia Pacific during the final quarter in 2016, and the fifth largest investment destination globally after New York, London, Los Angeles and Paris, according to figures published by property consultancy Jones Lang LaSalle (JLL).
At the Asian Financial Forum in Hong Kong yesterday, I saw a Western gentleman shaking his head while muttering some likely curse word as a group of Mandarin-speaking conference attendees rushed into the elevator before he could exit.
Hong Kong-listed Chinese property developer Sunac China Holdings Ltd. has agreed to acquire a 6.25% stake in online real estate agency Lianjia for RMB2.6 billion (US$375 million) by subscribing to Lianjia’s new share issuance, the company announced yesterday.
This year has been a year marked by major events such as Brexit and the U.S. presidential election. But the real estate sector remains robust despite some short-term market volatility, says Jones Lang LaSalle Incorporated.
China-focused real estate investment firm Century Bridge Capital has completed its first exit from an investment in a property project in Wuxi, China, the firm said without detailing how it cashed out.
D&J Industrial Property (China) Investment Ltd., a business park and suburban office developer and operator majority-owned by Warburg Pincus, has launched an investment fund with AVIC Trust to invest in industrial infrastructure in China.
Hong Kong-based real estate private equity firm Gaw Capital Partners has purchased an office building in Perth, Australia, with the aim to convert the building into student dormitories, the firm announced today without disclosing financial details.
Canada Pension Plan Investment Board (CPPIB) has invested US$162 million to acquire a 40% interest in the Pavilion Dalian shopping mall from the Pavilion Group, the Canadian pension fund manager said today.
Hong Kong-based private real estate investment firm Gaw Capital Partners and InvestUK have agreed to launch an Education Bond program that would allow Chinese and other international students to invest in the U.K. and gain permanent residence in the country at the same time.
Hong Kong-based private real estate investment firm Gaw Capital Partners has led a US$33 million funding round in naked Hub, a Shanghai-based co-working space network, the firm announced today.
Canada Pension Plan Investment Board (CPPIB) has invested US$375 million in Raffles City China Investment Partners III, CapitaLand’s third integrated development private investment fund in China, to take a 25% stake in the vehicle.
Canada Pension Plan Investment Board (CPPIB) and Longfor Properties Co. Ltd. have entered into a second joint venture to invest in Chongqing West Paradise Walk shopping center in China.
V Capital, a real estate investment fund established by Chinese residential property giant Vanke, is to acquire Shanghai’s Central Plaza from private equity firm Carlyle Group for around RMB2.46 billion (US$369 million), according to media reports.
Chinese investors dominated Asian real estate outbound investment in the first half, accounting for 60%, or US$16.1 billion, of total investment, according to data released by CBRE.
Chinese investors pumped US$17 billion into overseas real estate investment during the first five months of 2016, becoming the world’s second largest source of outbound property investment capital after the U.S. at US$19 billion, says a report from real estate service firm DTZ/Cushman & Wakefield.
China Vanke Co. and its partners have signed formal agreements to buy commercial property from Blackstone Group LP and other parties, according to a disclosure filing.
KKR has announced the appointment of ex-Blackstone Group executive Rob Yang as managing director and Head of Greater China in the firm’s real estate team, effective June 1, 2016, the global private equity giant says in an announcement.
Lianjia, a Chinese O2O real estate agency service firm backed by Huasheng Capital, Tencent Holdings Ltd. and Hillhouse Capital, is preparing for an initial public offering in China, Hong Kong or the U.S., according to an article published by Jiemian.com.
CITIC Group has agreed to sell its mainland residential development business to China Overseas Land & Investment Ltd. in an asset swap transaction valued at around RMB31 billion (US$4.8 billion), the companies said in an announcement (in Chinese).
As domestic market uncertainties persist, Chinese outbound real estate investment reached nearly US$30 billion last year, doubling that of 2014, according to a new report issued by global property consultancy Knight Frank.
Japan’s Sumitomo Mitsui Trust Bank has acquired a 4.97% stake in the parent company of the manager of Spring Real Estate Investment Trust, a Hong Kong-listed real estate investment trust (REIT) that owns and invests in income-producing real estate in Mainland China, according to an announcement.
Hong Kong-listed real estate developer New World Development Co., Ltd. plans to make a second attempt to take its China property unit private, according to Bloomberg citing a person with knowledge of the matter.
RRJ Capital and Value Partners Group Limited have led an investor consortium to invest HK$1.55 billion (US$200 million) in Shenzhen-based Logan Property Holdings in a private placement deal, according to a securities filing.
New York Stock Exchange-listed Chinese real estate Internet portal SouFun Holdings Limited says that IDG Capital Partners and the Carlyle Group have agreed to invest between US$400 million to US$700 million in total to help the company transition and grow in China.
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.
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.