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Retail Asia28/11/2016

Retail space is filling up at Bukit Panjang’s upcoming shopping centre called Hillion Mall, announced Sim Lian Group on Friday. It said in a press release that 90 percent of the approximately 174,730 sq ft of lettable area has been taken up by about 100 retail as well as food and beverage (F&B) tenants. There […]

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Retail Asia28/11/2016

Australian developer Lendlease – in a new global strategy to shift its focus from its home ground to Asia, Europe and America – has refreshed its targets for the region for the next five years. In his first media interview since being appointed Asia CEO in May, Tony Lombardo says he wants to grow Lendlease’s […]

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Retail Asia22/11/2016

Singapore’s sovereign wealth fund, GIC Real Estate Pte Ltd, has acquired GG-Square, a Seoul-based retail complex, for $136 million. The complex was completed in 2014 and is spread over an area of 238,248.43 square meters. It has 28 stories and is located in the heart of Anyang, a bustling metropolitan area in the southern part […]

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Retail Asia22/11/2016

APAD Australia Property and Development and Mitraland Australia are extending an invitation to the general public to attend an event on Nov 19-20 which is a 2-hour educational seminar and presentation on how to buy property in the Australian market, insights into popular suburbs considered as growing hotspots, wealth creation and legal landscape associated with […]

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Retail Asia22/11/2016

It invested $192.4m in the 28-floor retail complex. Singapore’s state-owned investment firm GIC invested $192.4m (USD 136m) in G-Square City Retail Complex in Seoul Korea. Tha complex, which was completed in 2012, spans 238,248 sqm across 8 floors. The building is well-situated in a prime location in the centre of Anyang City, a metropolitan area […]

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Retail Asia22/11/2016

Seoul’s Myeong-dong street was ranked the eighth most expensive retail street in the world, according to a report by real estate service company Cushman & Wakefield Thursday. (Cushman & Wakefield) Cushman & Wakefield’s “Main Streets Across the World 2016/2017” priced real estate in Seoul’s shopping district Myeong-dong at $908 per square foot (0.093 square meter) […]

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Retail Asia21/11/2016

Targeting global retailers who are looking to Asia to chart growth, CapitaLand Mall Asia has its biggest presence ever at international retail event Mapic in Cannes, France. It is the fifth consecutive year CapitaLand has exhibited at Mapic, one of the world’s largest events matching developers with retailers. It runs over three days this week. […]

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Retail Asia21/11/2016

Tokyo’s Ginza has overtaken Sydney into second spot behind Causeway Bay in the latest DTZ/Cushman & Wakefield Asian retail rent rankings. The annual Main Streets Across the World report tracks 462 of the top retail streets around the globe, ranking them by their prime rental value. Globally just 36 per cent of the markets witnessed […]

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Retail Asia21/11/2016

South Korean apparel brand Eland plans to develop ten shopping centers in China before the end of 2016. Eland started tapping the shopping center market in China from January 2016. By cooperating with Parkson, the company aims to transfer traditional department stores into city outlets. For the next step, Eland will cooperate with other department […]

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Retail Asia21/11/2016

Asean property markets are promising, with Cambodia offering the most attractive prospects due to strong demand and limited supply, notably in Phnom Penh. Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said prime residential property for rent in the Cambodian capital has posted the highest yield among all sectors at eight percent per year. […]

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Retail Asia20/11/2016

Shinsegae Property, a unit of South Korea’s conglomerate Shinsegae Group, has solely bid and likely won the 10-year operation right over Convention & Exhibition Mall (COEX Mall), the largest underground shopping center in Asia, according to the industry and Korea International Trade Association (KITA). Hyundai Department Store Co., which had been regarded as a strong […]

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Retail Asia20/11/2016

Experts in the property industry are divided on how much interest Jurong Point — which has been put up for sale with a price tag of more than S$2 billion — will garner, given the current retail climate and hefty price tag. The mixed views come after reports that the mall has been put up […]

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Retail Asia19/11/2016

Shinsegae Department Store’s newest location in Daegu is set to open next month, and it will include a massive 56,000-square-foot aquarium and indoor park on its roof, the company revealed Wednesday. The move is a bid to attract more visitors with family-friendly entertainment options. Incorporating more amusement facilities into its department stores and shopping malls […]

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Retail Asia19/11/2016

CapitaLand Mall Trust has posted a DPU of 2.78 Singapore cents for its 3Q 2016, a year-on-year fall of 6.7% compared to the 2.98 cents achieved in the corresponding period of 2015. Gross revenue for the period improved by 4.9% to SGD170 million (USD121 million) while its net property income of SGD119.5 million represents an […]

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Retail Asia18/11/2016

Philippines property developer SM Prime Holdings is looking to acquire shopping malls in China as well as buying more land for expansion. But it is interested only in the Fujian province, says SM Prime executive committee head Hans Sy. “We are still continuing to really look,” he says. With “phenomenal development” in the past 10 […]

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Retail Asia18/11/2016

Kuala Lumpur is to have a new mall at Bukit Bintang City Centre (BBCC), on the site of the former Pudu Prison. Bukit Bintang City Centre Development has entered into a JV with Japan’s Mitsui Fudosan Asia for the development of the Mitsui Shopping Park Lalaport mall. Covering 130,100 sqm, it will have a net […]

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Retail Asia17/11/2016

The prime shopping hubs of Causeway Bay and Tsim Sha Tsui, among the most expensive in Hong Kong in terms of rental costs, remain attractive for retailers amid overall sluggishness in the sector. Retail rents in Causeway Bay fell 8 per cent in the rental index in the third quarter and 10 per cent in […]

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Retail Asia17/11/2016

Virginia Huang has amassed nearly 20 years of top-level commercial real estate industry knowledge, and is the longest serving member of the CBRE team in Beijing. After joining the firm in 1997, she is now the firm’s managing director, and head of advisory and transaction services for Greater China A specialist, particularly, in the office […]

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Retail Asia15/11/2016

Pizza, a polar bear notorious in China as being the “world’s saddest”, has been removed from his cramped enclosure and placed in an animal reserve after months of controversy that have highlighted the sorry state of Chinese shopping malls. Pizza’s plight was the result of a trend for using animals, entertainment and children’s playgrounds to […]

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Retail Asia15/11/2016

China-focused BHG Retail REIT has reported a DPU of 1.29 Singapore cents for its 3Q 2016, beating forecast made at listing by 4.9%. However gross revenue for the period came in 6% lower than expected at SGD15.4 million (USD10.9 million), while net property income missed its target by 3.5% at SGD9.5 million. The REIT has […]

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