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hari krishna cppib

CPPIB Commits $77M to Kolkata Retail JV With Phoenix Mills

hari krishna cppib

2021/05/31 by Christopher Caillavet Leave a Comment

Fund managers from Canada’s biggest pension plan are teaming up with Indian mall developer Phoenix Mills on a retail joint venture in Alipore, Kolkata.

The Canada Pension Plan Investment Board and its longtime Indian partner will develop a retail centre… Read More>>

Fund managers from Canada’s biggest pension plan are teaming up with Indian mall developer Phoenix Mills on a retail … Read more>>>

Richard Ng

Frasers Centrepoint Trust Sells Suburban Singapore Mall for $164M

Richard Ng

2021/03/22 by Christopher Caillavet Leave a Comment

Frasers Centrepoint Trust said late Friday that it had agreed to sell the YewTee Point mall in western Singapore for S$220 million ($164 million), the latest in a string of divestments for the SGX-listed REIT.

In a press release, the… Read More>>

Frasers Centrepoint Trust said late Friday that it had agreed to sell the YewTee Point mall in western Singapore for … Read more>>>

lee-kok-sun GIC

GIC Invests in $1.2B US Retail JV with RPT Realty, Monarch, Zimmer

lee-kok-sun GIC

2021/03/08 by Christopher Caillavet Leave a Comment

Singapore sovereign wealth fund GIC has made a further bet on middlebrow American retail by investing in a joint venture with New York-listed RPT Realty and two other US-based partners, targeting the acquisition of over $1.2 billion in strategic assets.

… Read More>>

Singapore sovereign wealth fund GIC has made a further bet on middlebrow American retail by investing in a joint venture … Read more>>>

george hongchoy tb

Link REIT Buying Half-Stake in Vanke Shanghai Mall for $429M

george hongchoy tb

2021/02/25 by Michael Cole 2 Comments

Asia’s largest real estate investment trust has returned to its retail roots as Link REIT announced today that it has agreed to buy a half-stake in a suburban Shanghai shopping mall for RMB 2.77 billion ($429 million).

Link REIT’s choice… Read More>>

Asia’s largest real estate investment trust has returned to its retail roots as Link REIT announced today that it has … Read more>>>

Ingka Centres to Spend $759M Developing India’s First IKEA-Anchored Mall

2021/02/22 by Christopher Caillavet Leave a Comment

A sister firm of IKEA is the latest global player to bet big on growth in India after buying a land parcel near Delhi for development into a mall anchored by the big-box retailer.

Ingka Centres, which develops shopping complexes… Read More>>

A sister firm of IKEA is the latest global player to bet big on growth in India after buying a land parcel near Delhi … Read more>>>

Jason Leow CapitaLand

CapitaLand Sells Japan Malls, Seoul Office for $335M, Unveils Logistics JV With Mitsui

Jason Leow CapitaLand

2020/12/01 by Christopher Caillavet Leave a Comment

CapitaLand’s shift to a strategy aligned with an increasingly digital economy continues, with the Singaporean developer on Tuesday announcing the divestment of three Japanese malls and a Korean office tower for a combined S$448.7 million ($335 million), and the acquisition… Read More>>

CapitaLand’s shift to a strategy aligned with an increasingly digital economy continues, with the Singaporean developer … Read more>>>

Gap Shuts Central Store as It Closes Up Shop in Hong Kong

2020/11/22 by Elizabeth Kerr Leave a Comment

US fast fashion retailer Gap is closing its doors in Hong Kong as it follows through on plans to shut its remaining stores in the world’s most expensive retail market by the end of November, according to Apple Daily.

The… Read More>>

US fast fashion retailer Gap is closing its doors in Hong Kong as it follows through on plans to shut its remaining … Read more>>>

victor fung Li & Fung

Li & Fung Retail Unit Sells Hong Kong Circle K Stores for $360M

victor fung Li & Fung

2020/11/09 by Elizabeth Kerr Leave a Comment

After resetting itself as a private corporation last year, Hong Kong trading firm Li & Fung’s restructuring continues, this time with the sale of its Hong Kong and Macau Circle K stores to Quebec-based convenience store operator and brand owner… Read More>>

After resetting itself as a private corporation last year, Hong Kong trading firm Li & Fung’s restructuring … Read more>>>

Yuquan Mall is to open in December

CapitaLand China Retail REIT Recaptures 89% of 2019 Traffic

Yuquan Mall is to open in December

2020/11/02 by Christopher Caillavet Leave a Comment

CapitaLand Retail China Trust (CRCT) has reason for optimism after its portfolio of mainland China shopping malls enjoyed a surge in third-quarter footfall and tenant sales.

Shopper traffic in the quarter recovered to 89 percent of year-earlier levels as tenant… Read More>>

CapitaLand Retail China Trust (CRCT) has reason for optimism after its portfolio of mainland China shopping malls … Read more>>>

daniel zhang alibaba

Alibaba Buying Out China’s Sun Art Retail for $3.6B

daniel zhang alibaba

2020/10/20 by Michael Cole Leave a Comment

E-commerce giant Alibaba continued to expand its offline retail empire today with a deal to take control of China’s largest hypermarket operator for HK$28 billion ($3.6 billion).

The Hangzhou-based company said in an announcement to the Hong Kong stock exchange… Read More>>

E-commerce giant Alibaba continued to expand its offline retail empire today with a deal to take control of China’s … Read more>>>

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Michael Smith Hongkong Land

The biggest landlord in Hong Kong’s Central district is headed to a second straight year of declining profits and the … Read More>>

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Cheng Kar-Shun, NWD

Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s … Read More>>

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