China Economic ReviewShenzhen's Sinolink Worldwide Holdings, a property and energy conglomerate, has allied with New York's Rockefeller Group to establish a fund to invest in the mainland property market, reported the South China Morning Post. The aim to raise US$546 million through a top-up share placement. Sinolink said in a statement filed with the Hong Kong stock […]
Guangzhou's GZI Real Estate Investment Trust (GZI Reit), the first mainland REIT to seek a Hong Kong listing, said it will expand its property portfolio, according to chief executive Liu Yongjie, reported the South China Morning Post. GZI, a window company of the Guangzhou municipality, said it had priority rights to acquire four commercial properties […]
Kerry Properties and Shangri-La Asia will acquire a 58,900 sq m site in Shanghai's Pudong district for US$150.8 million as part of plans for a US$490 million property project in the city, reported the Standard of Hong Kong. It will become a hotel, office, retail and serviced apartments complex with a potential gross floor area […]
The GZI Real Estate Investment Trust, China's first property trust offering, is expected to raise US$204 million from its Hong Kong IPO, according to the Dow Jones Newswires, citing a term sheet. The REIT, offered by state-run Chinese developer Guangzhou Investment, will sell 583 million units to the public, or 58.3% of total units. The […]
Chinese state-owned developer Guangzhou Investment is expected to raise US$250-$300 million by listing a real-estate investment trust in Hong Kong, the Wall Street Journal reported, citing people familiar with the situation. The new REIT, dubbed GZI Real Estate Investment Trust, comes will launch hot on the heels of the Hong Kong government's US$2.49 billion Link […]