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China Vanke Co.
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Keppel to divest 35% stake from Chengdu residential development for $94 mil
The divestment is expected to be completed within 4Q2023.
October 02, 2023
Property
CityDev and Vanke to jointly develop and manage two Chongqing projects
SINGAPORE (Nov 2): City Developments’ China subsidiary is partnering China Vanke Co. to develop and manage two Chongqing projects.
November 02, 2017
M&A
Global Logistic Properties to be sold for record $16 bil to Hillhouse, Hopu group
SINGAPORE (July 14): Global Logistic Properties, the Singapore warehouse operator, will be sold for about $16 billion to a management-backed Chinese consortium that features private equity firms Hillhouse Capital Management and Hopu Investment Management.
July 14, 2017
GIC said to confront complaints in sale of GLP
SINGAPORE (June 27): The litany of complaints about the biggest Asian buyout deal became so bad that Singapore’s sovereign wealth fund decided to act.
June 27, 2017
M&A
Reuters says GLP to get bids from at least 3 prospective buyers next week
HONG KONG/SINGAPORE (June 23): A Chinese consortium and two private equity firms are likely to submit bids next week to buy Singapore-listed warehouse operator Global Logistics Properties (GLP), people with direct knowledge of the matter said on Friday.
June 23, 2017
Banyan Tree forms JV with Vanke to consolidate China assets
SINGAPORE (Jan 23): Banyan Tree Holdings and China Vanke Co. have agreed to create Banyan Tree China (BTC), a new joint venture between Banyan Tree and Vanke, to consolidate the ownership of Banyan Tree-branded hotels and assets in China.
January 23, 2017
Ascendas REIT to sell business park in Shanghai for $228.1 mil
SINGAPORE (Oct 27): Ascendas Funds Management (S), the manager of Ascendas Real Estate Investment Trust, on Thursday announced the proposed divestment of A-REIT City @ Jinqiao in Shanghai for approximately $228.1 million.
October 27, 2016
China Focus
Hostile raid on China’s biggest developer marks new takeover era
SINGAPORE (Aug 24): The long-running hostile raid on China’s biggest real estate developer isn’t short on drama: There’s a swashbuckling, Mount Everest-conquering company chief who courts controversy; a relatively unknown raider using leverage to in
August 24, 2016