Two founding investors are planning to offload over 40 percent of shares in the Shanghai-based mixed-use developer and operator.
As investors shift their focus from retail to industrial, the sector’s deal activity for 2019 looks likely to exceed $160bn – a record level, observes Real Capital Analytics’ Jim Costello.
The full extent of the outbreak in China is yet to be seen, but the short-term impact has already manifested itself in Asia’s private real estate markets
The group acquired the portfolio for around ¥200 billion in 2014 before selling it to Anbang for ¥260 billion in 2017.
The shopping center owned by Mapletree reopens its doors two months after suffering extensive damage and operational disruption.
The $356bn manager’s purchase of New York-based Almanac Realty Partners also marks its largest acquisition to date.
Ongoing protests mean more for the private real estate market than broken windows
Around $7.2bn worth of real estate secondaries deals closed or were placed under contract last year, according to research from Landmark Partners.
Johnny Horgan, the managing director of BidX1, a property trading platform, explains how the rise of a digital marketplace is a value-add to investors and managers.
The Beijing-based investment manager’s exposure to the alternative sector is now in excess of $1.5 billion in net asset value following this latest deal.