New directors for a pair of Singapore-listed REITs lead this week’s review of personnel moves from around Asia’s real estate industry, as both Lendlease Commercial REIT and ESR-Logos REIT add to their boards. Also making the list is an upgrade… Read More>>
Asia Real Estate People in the News 2022-10-03
Top-level changes at fund managers and developers lead Mingtiandi’s roundup of personnel moves this week as M&G appoints a new global chief executive and a pair of mainland property developers unveil new leaders for their boards. Also in the news,… Read More>>
Asia Real Estate People in the News 2021-04-05
The region’s real estate community is entering the second quarter of 2021 with fresh hopes for a recovery from the coronavirus pandemic and a flurry of new roles for professionals in Beijing, Singapore and other points around Asia. This week… Read More>>
COFCO Property, Joy City Rebranded as Grand Joy After Mainland Merger
One of China’s largest property developers is now carrying a new brand after COFCO Property (Group) Co. Ltd announced on March 1st that it would change its name to Grand Joy Holdings Group Co., Ltd.
The rebranding of the Shenzhen-based… Read More>>
COFCO Property Wins Approval To Buy Back Joy City for $2.15B
COFCO Property has been given a green light by the China Securities Regulatory Commission (CSRC) to buy back a controlling 64.18 percent stake in Hong Kong-listed commercial real estate developer Joy City Property for RMB 14.76 billion ($2.15 billion), re-integrating… Read More>>
Benoy to Design COFCO’s 300,000 SQM Suzhou Complex
Architecture firm Benoy has won an international competition to design a 300,000 square metre, mixed-use project in the eastern Chinese city of Suzhou for one of China’s biggest developers, the UK-based company announced today.
The project, COFCO Joy Breeze, integrates… Read More>>
JD.com Bags $115M Stake in China Logistics Property and More Asia Real Estate Headlines
Leading today’s roundup, e-commerce giant JD.com is ramping up its logistics investments by bagging a 10 percent stake in China’s second-largest warehouse developer. The residential arm of Vietnam’s Vingroup is believed to have raised about $1.35 billion in its initial… Read More>>
COFCO Property Merger Bringing HK-Listed Joy City Back to Mainland Exchange
China’s COFCO Group is merging a pair of real estate developers with a combined market cap of $4.7 billion dollars as the state-owned conglomerate follows through on restructuring plans related to state-owned enterprise reform and cross-border transactions first announced in… Read More>>
Joy City Selling Loss-Making W Hotel in Beijing for RMB 2B
Commercial real estate developer Joy City Property is selling the W Hotel Beijing Chang’an to a Shanghai-based fund for a total of RMB 2 billion ($302 million), according to an announcement to the Hong Kong stock exchange on Friday by… Read More>>
GIC, M&G Join Bidding for $400M Seoul Tower and More Asia Real Estate Headlines
South Korea continues to push its way back into the investment target area today as a $400 million Seoul office tower is said to receive bids from Singapore’s GIC and London-based M&G. Slightly to the south and west, Houston-based Hines… Read More>>