Company Overview and News
Industrial and Commercial Bank of China (ICBC), the nation’s largest bank by assets, said on Thursday it would offer 500 billion yuan (US$75.4 billion) worth of credit to support the home rental market in Guangzhou. (1-0)
Results come after finalisation of a US$11.6b management-led buyout of the firm by a consortium led by developer China Vanke Co and Goldman Sachs’ former China chairman – Asia’s biggest-ever private equity acquisition by value (5-0)
Following Mofang and Ziroom’s successful issuance of Asset Backed Securities (ABS), China Young Professional Apartments (CYPA) and Poly Real Estate (Poly China) have now been given the green light to launch quasi-Real Estate Investment Trusts (REITs). Property developers, such as China Vanke, CIFI Holdings (Group), Longfor Properties and Landsea Green Properties, Poly China has entered the business of long-term rental spaces.
China Construction Bank first of country’s big four to make serious commitment, with others lining up to follow (1-0)
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (11-0)
Reits are popular with investors in developed markets like the US, but legal and regulatory hurdles are preventing the launch of these products in China
A series of aggressive asset purchases over the past year has propelled real estate magnate Sun Hongbin into China’s top five property billionaires, from outside the top 50, 12 months ago.
Capital is an asset that has the potential to create more value. It captures both the physical dimension and its potential to generate surplus value of an asset. (0-1)
Harbour’s target is to create 20,000 rentable co-living units in eight Chinese cities including by the end of 2017, to quadruple that number to 80,000 by 2019, and hit the million market with a possible float of Harbour within five years
In a statement yesterday, GLP said the properties, owned by funds affiliated with Brookfield Asset Management Inc, were spread across four countries and comprised 32 million sq ft of total gross leasable area (19-0)
SINGAPORE (Reuters) - Asia’s biggest warehouse operator, Global Logistic Properties (GLP), agreed to acquire European logistics platform Gazeley for about $2.8 billion, marking its first push into Europe and underscoring consolidation in the buoyant sector. (19-0)
SINGAPORE (Reuters) - Global Logistic Properties (GLP) (GLPL.SI) said on Monday it has agreed to acquire Gazely, a leading European logistics platform, for about $2.8 billion, as part of its expansion into Europe.
A floor trader monitors share prices during afternoon trading at the Hong Kong Stock Exchange in Hong Kong September 26, 2016. — Reuters picSHANGHAI, Sept 18 — China and Hong Kong stocks rose today as stronger-than-expected Chinese loan data added to views that economic growth is holding up well despite slowly rising borrowing costs and a crackdown on riskier forms of financing.
BEIJING/HONG KONG, Sept 18 (Reuters) - China’s new home prices rose in August at the slowest pace in seven months and fell or levelled off in more cities as government cooling measures dampened speculation, though there were no signs of a sharper correction that could damage the economy.
BEIJING (Reuters) - China’s property price growth slowed but remained firm in August despite stiff curbs to dampen speculative demand, suggesting the sector held up well with few risks of a severe correction many fear would blight the economy.
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2017-10-09 - Wilton
2017-08-25 - Wilton