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Jack Ma, Alibaba Founder

Alibaba-Backed Red Star Macalline Being Bought Out by Xiamen SOE

Jack Ma, Alibaba Founder

2023/01/19 by Greg Isaacson Leave a Comment

A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group Corporation, an Alibaba-backed home improvement mall chain, as government firms continue to bail out China’s flailing private real estate sector.

Shanghai-listed… Read More>>

A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group … Read more>>>

Nobuaki Seki, Aeon REIT

Japan’s Aeon REIT Buying Two Malls for $170M

Nobuaki Seki, Aeon REIT

2023/01/19 by Christopher Caillavet Leave a Comment

Tokyo-listed Aeon REIT has agreed to buy two shopping centres, including the largest mall in Japan’s Wakayama prefecture, for a total of JPY 21.3 billion ($170 million).

The JPY 477.8 billion trust sponsored by retail giant Aeon Co will pay… Read More>>

Tokyo-listed Aeon REIT has agreed to buy two shopping centres, including the largest mall in Japan’s Wakayama … Read more>>>

Martin Lee Ka-shing Henderson Land Development

Henderson-Managed Sunlight REIT Picks Up Kowloon Mall for $96M

Martin Lee Ka-shing Henderson Land Development

2023/01/12 by Greg Isaacson Leave a Comment

Henderson Land Development’s Sunlight REIT is boosting its retail portfolio by picking up a three-storey shopping podium in Hong Kong’s West Kowloon area for HK$748 million ($95.8 million), with the listed trust picking up the asset at a nearly 12… Read More>>

Henderson Land Development’s Sunlight REIT is boosting its retail portfolio by picking up a three-storey shopping podium … Read more>>>

xiaolan-metro-mall-5

China Mall REIT Appoints Financial Advisor After Missing Deadline on $564M in Debt

xiaolan-metro-mall-5

2023/01/10 by Beatrice Laforga Leave a Comment

Chinese mall landlord Dasin Retail Trust has tapped a financial advisor to conduct an independent business review as the SGX-listed real estate investment trust asks lenders for an additional extension on repayment of debt worth as much as $564 million.

… Read More>>

Chinese mall landlord Dasin Retail Trust has tapped a financial advisor to conduct an independent business review as the … Read more>>>

Jack Ma, Daniel Zhang Alibaba

Alibaba-Backed Red Star Macalline in Talks to Sell Controlling Stake to Xiamen SOE

Jack Ma, Daniel Zhang Alibaba

2023/01/09 by Greg Isaacson Leave a Comment

Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall operator Red Star Macalline Group Corporation is in talks to sell what could be a controlling stake in the company to Chinese state-controlled… Read More>>

Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall … Read more>>>

George Hongchoy, Executive Director & Chief Executive Officer, Link REIT

Link REIT Buying Mercatus Malls for $1.6B in Singapore’s Biggest Deal of 2022

George Hongchoy, Executive Director & Chief Executive Officer, Link REIT

2022/12/29 by Beatrice Laforga Leave a Comment

Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this year with a S$2.16 billion ($1.6 billion) purchase of a pair of suburban malls from Mercatus Co-operative Ltd, according to… Read More>>

Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this … Read more>>>

Robert Wong Hongkong Land

Hongkong Land Leases Two Central Retail Floors to Sotheby’s

Robert Wong Hongkong Land

2022/12/15 by Pawara Laothamatas Leave a Comment

Hongkong Land on Thursday announced that international auction house Sotheby’s has agreed to lease 24,000 square feet (2,229.6 square metres) of space at Landmark Chater, the three-storey retail podium of Central’s Chater House, with analyst sources who spoke with Mingtiandi… Read More>>

Hongkong Land on Thursday announced that international auction house Sotheby’s has agreed to lease 24,000 square feet … Read more>>>

Sun Hung Kai Raymond Kwok

SHKP Wins Kowloon East Commercial Site for $38M

Sun Hung Kai Raymond Kwok

2022/11/25 by Iris Hong Leave a Comment

Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon East, at a price more than 50 percent less per square foot than what Link REIT paid in late… Read More>>

Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon … Read more>>>

mike-hagbeck Storhub

Warburg Pincus-Backed StorHub Buys Beijing Property from Leroy Merlin

mike-hagbeck Storhub

2022/11/23 by Iris Hong Leave a Comment

Singapore’s StorHub has acquired a building which formerly housed retailer Leroy Merlin’s Beijing flagship store as the Warburg Pincus-backed self-storage operator continues to expand its presence in mainland China.

The deal will add a third Beijing location and the 17th… Read More>>

Singapore’s StorHub has acquired a building which formerly housed retailer Leroy Merlin’s Beijing flagship store as the … Read more>>>

Jon-Paul Toppino pag

PAG Sells Tokyo Retail Building for $53M as Japan Welcomes Back Tourists

Jon-Paul Toppino pag

2022/11/16 by Iris Hong Leave a Comment

A Japanese buyer has purchased the Ameyoko Center Building in Tokyo from PAG for $53 million as the reopening of Japan’s borders boosts market confidence in the country’s retail and tourism sectors.

The deal for the shopping centre in Tokyo’s… Read More>>

A Japanese buyer has purchased the Ameyoko Center Building in Tokyo from PAG for $53 million as the reopening of Japan’s … 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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