China Vanke Co.

Company in the news

Keppel to divest 35% stake from Chengdu residential development for $94 mil

The divestment is expected to be completed within 4Q2023.

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.

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.

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.

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.

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.
A-REIT City @ Jinqiao

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.

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
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