 |  |
|
Mail us info@duncanallison.com | |
 |  |
| |
|
Newsletter Sign up | |
| |
| |||||||
HSBC, Tesco and Metro buy three shopping malls in China for $280m22/03/2011 An HSBC Specialist Investments-managed fund has teamed up with Tesco and the Singapore-listed Metro Holdings to buy three shopping malls in China for $280m. The second joint-venture investment between the HSBC NF China Real Estate Fund, Metro and Tesco, has bought two centres in Fuzhou and Xiamen in the southern Chinese province of Fujian and a third in Shenyang in the north-east Chinese province of Liaoning. All of the malls, which will total 2.47m sq ft, are under development and anchored by a Tesco hypermarket. The remaining space is to be let to a mix of international, national and regional brands. The first joint venture for two mixed-use developments and one mall development in north-east China closed in December 2009. All three schemes opened in 2010. “The properties will be developed and managed by Tesco who are an experienced partner with a strong track-record in both Europe and Asia,” said Stuart Jackson, head of real estate for HSBC Specialist Investments, the infrastructure and real estate equity arm of HSBC. “The investment provides exposure to domestic retail consumption which is expanding rapidly.” This latest investment follows the completion of the fund’s first two asset sales and two partial exits of pre-IPO investments, returning proceeds of $268m. The fund’s sales were One Financial Street in Beijing’s financial district, consisting of twin 20-storey office towers and a four-storey retail podium, and Metropolis Tower in ZhongGuanCun, Beijing’s centre of high technology and higher education. Additionally, the fund has achieved two partial exits of pre-IPO investments in Glorious Property Holdings and Fantasia Holdings Group, two Chinese developers. The rund remains a minority shareholder of both companies. HSBC NF China Real Estate Fund is a joint venture private equity fund between HSBC Specialist Investments and Nan Fung, a Hong Kong-based developer. The fund has $700m of equity commitments and has to date invested in 11 projects.
10/09/2012 06/09/2012 05/09/2012 13/08/2012 24/07/2012 19/07/2012 12/07/2012 25/06/2012 12/06/2012 11/06/2012 06/06/2012 23/04/2012 23/03/2012 16/03/2012 15/03/2012 10/02/2012 24/01/2012 05/12/2011 17/11/2011 11/11/2011 01/11/2011 14/10/2011 04/10/2011 03/10/2011 21/09/2011 19/09/2011 19/09/2011 08/09/2011 31/08/2011 31/08/2011 28/07/2011 21/07/2011 18/07/2011 18/07/2011 05/07/2011 29/06/2011 27/06/2011 22/06/2011 14/06/2011 23/05/2011 23/05/2011 20/05/2011 19/05/2011 19/05/2011 26/04/2011 26/04/2011 26/04/2011 08/04/2011 31/03/2011 30/03/2011 30/03/2011 24/03/2011 24/03/2011 24/03/2011 24/03/2011 24/03/2011 24/03/2011 22/03/2011 10/03/2011 10/03/2011 10/03/2011 21/02/2011 15/02/2011 15/02/2011 15/02/2011 14/02/2011 08/02/2011 02/02/2011 24/01/2011 24/01/2011 06/01/2011 06/01/2011 06/01/2011 06/01/2011 06/01/2011 16/12/2010 16/12/2010 13/12/2010 08/12/2010 16/11/2010 16/11/2010 16/11/2010 12/11/2010 12/11/2010 10/11/2010 10/11/2010 10/11/2010 10/11/2010 03/11/2010 03/11/2010 28/10/2010 28/10/2010 28/10/2010 13/10/2010 13/10/2010 13/10/2010 12/10/2010 12/10/2010 12/10/2010 12/10/2010 05/10/2010 05/10/2010 05/10/2010 05/10/2010 05/10/2010 04/10/2010 04/10/2010 04/10/2010 04/10/2010 29/09/2010 29/09/2010 29/09/2010 28/09/2010 28/09/2010 28/09/2010 27/09/2010 27/09/2010 27/09/2010 27/09/2010 27/09/2010 27/09/2010 23/09/2010 23/09/2010 23/09/2010 23/09/2010 20/09/2010 20/09/2010 20/09/2010 20/09/2010 17/09/2010 17/09/2010 17/09/2010 16/09/2010 16/09/2010 16/09/2010 16/09/2010 16/09/2010 15/09/2010 15/09/2010 15/09/2010 15/09/2010 14/09/2010 14/09/2010 14/09/2010 14/09/2010 13/09/2010 13/09/2010 13/09/2010 13/09/2010 13/09/2010 13/09/2010 10/09/2010 10/09/2010 10/09/2010 10/09/2010 10/09/2010 09/09/2010 09/09/2010 09/09/2010 09/09/2010 08/09/2010 08/09/2010 08/09/2010 08/09/2010 07/09/2010 07/09/2010 07/09/2010 07/09/2010 06/09/2010 06/09/2010 06/09/2010 06/09/2010 03/09/2010 03/09/2010 03/09/2010 03/09/2010 03/09/2010 03/09/2010 02/09/2010 02/09/2010 02/09/2010 02/09/2010 01/09/2010 01/09/2010 01/09/2010 31/08/2010 31/08/2010 31/08/2010 31/08/2010 30/08/2010 27/08/2010 27/08/2010 27/08/2010 27/08/2010 26/08/2010 25/08/2010 25/08/2010 25/08/2010 24/08/2010 24/08/2010 23/08/2010 23/08/2010 23/08/2010 13/08/2010 13/08/2010 13/08/2010 13/08/2010 12/08/2010 11/08/2010 11/08/2010 09/08/2010 06/08/2010 30/07/2010 13/07/2010 30/06/2010 29/06/2010 29/06/2010 28/05/2010 28/05/2010 29/04/2010 29/04/2010 31/03/2010 31/03/2010 26/02/2010 26/02/2010 26/02/2010 29/01/2010 28/01/2010 28/01/2010 14/12/2009 14/12/2009 03/12/2009 03/12/2009 02/12/2009 02/12/2009 02/12/2009 23/11/2009 20/11/2009 02/11/2009 20/10/2009 14/10/2009 13/10/2009 05/10/2009 05/10/2009 30/09/2009 30/09/2009 30/09/2009 30/09/2009 30/09/2009 29/09/2009 28/09/2009 25/09/2009 25/09/2009 24/09/2009 24/09/2009 23/09/2009 23/09/2009 23/09/2009 22/09/2009 21/09/2009 21/09/2009 18/09/2009 18/09/2009 18/09/2009 17/09/2009 17/09/2009 17/09/2009 17/09/2009 17/09/2009 17/09/2009 15/09/2009 14/09/2009 11/09/2009 09/09/2009 08/09/2009 07/09/2009 04/09/2009 03/09/2009 03/09/2009 03/09/2009 03/09/2009 01/09/2009 01/09/2009 28/08/2009 28/08/2009 28/08/2009 28/08/2009 25/08/2009 25/08/2009 25/08/2009 25/08/2009 21/08/2009 20/08/2009 20/08/2009 20/08/2009 20/08/2009 20/08/2009 19/08/2009 19/08/2009 19/08/2009 21/04/2009 16/04/2009 15/04/2009 15/04/2009 09/04/2009 09/04/2009 09/04/2009 09/04/2009 07/04/2009 03/02/2009 02/02/2009 02/02/2009 30/01/2009 30/01/2009 09/01/2009 09/01/2009 08/01/2009 08/01/2009 04/12/2008 04/12/2008 04/12/2008 04/12/2008 04/12/2008 04/12/2008 04/12/2008 04/12/2008 02/12/2008 02/12/2008 02/12/2008 23/09/2008 17/09/2008 17/09/2008 17/09/2008 17/09/2008 16/09/2008 16/09/2008 16/09/2008 16/09/2008 16/09/2008 10/09/2008 08/09/2008 02/09/2008 01/09/2008 01/09/2008 01/09/2008 01/09/2008 28/08/2008 01/08/2008 01/08/2008 28/07/2008 25/07/2008 22/07/2008 04/07/2008 01/07/2008 26/06/2008 20/06/2008 17/06/2008 16/06/2008 16/06/2008 13/06/2008 12/06/2008 11/06/2008 05/06/2008 04/06/2008 03/06/2008 28/05/2008 23/05/2008 23/05/2008 23/05/2008 21/05/2008 21/05/2008 12/05/2008 09/05/2008 09/05/2008 09/05/2008 08/05/2008 07/05/2008 06/05/2008 06/05/2008 06/05/2008 06/05/2008 06/05/2008 06/05/2008 06/05/2008 02/05/2008 02/05/2008 02/05/2008 23/04/2008 16/04/2008 08/04/2008 01/04/2008 01/04/2008 19/03/2008 19/03/2008 19/03/2008 19/03/2008 14/03/2008 03/03/2008 03/03/2008 03/03/2008 28/02/2008 28/02/2008 27/02/2008 25/02/2008 19/02/2008 29/01/2008 25/01/2008 24/01/2008 17/01/2008 17/01/2008 15/01/2008 11/01/2008 11/01/2008 10/01/2008 10/01/2008 03/01/2008 03/01/2008 03/01/2008 21/12/2007 26/11/2007 26/11/2007 25/10/2007 24/10/2007 19/10/2007 16/10/2007 01/10/2007 01/10/2007 17/08/2007 16/08/2007 09/08/2007 09/08/2007 07/08/2007 01/08/2007 27/07/2007 16/07/2007 06/07/2007 17/10/2006
|
|||||||
Duncan Allison, Salisbury House, London Wall, London EC2M 5QQ, United Kingdom. VAT Reg Number GB 810 1621 86.
Tel: +44 20 7256 8444, Fax: +44 20 7256 8450, Email: info@duncanallison.com Company Policy