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[ Halong Bay, VIETNAM ] Sovico Holdings (Hanoi) has signed a joint venture agreement with Limitless, for the construction of Halong Star (Halong Bay). The mixed-use residential and tourism project will overlook the UNESCO world heritage site of Halong Bay along the northeast coast of Vietnam. The Halong Star project includes...
[ Beijing, CHINA ] Galeries Lafayette (Paris, France) and I.T. Limited Group (Hong Kong) have joint ventured the development of a Galeries Lafayette department store in Beijing, to open in December (2013). The Beijing store will include approximately 18,000 square meters, the largest of the group after its store on Boulevard Haussman in Paris. Galeries...
[ Dubai, UAE ] The “Worlds of Adventure” family entertainment center is expected to open in December 2013 in the United Arab Emirates with superhero-themed attractions, restaurants and shops. Developer IMG Group’s states the entertainment facility will be the world’s largest indoor theme park. The City of Arabia’s “IMG...
[ Dallas, Texas USA ] A comprehensive vision has been established for 430 urban acres in Dallas, a planning area known officially as the Valley View-Galleria Area Special Purpose District. The project area was approved by the Dallas City Plan Commission in early May (2013). The project area is bound...
[ Kuala Lumpur, MALAYSIA ] Genting Group, based in Kuala Lumpur, has casino properties in Malaysia, the Philippines, the United Kingdom, the U.S., and the Bahamas. Genting is well-known in Singapore, where it operates Resorts World Sentosa, one of two casinos authorized by Singapore’s government. The photo at right shows...
[ New York City, USA ] The family of Zhang Xin (Soho China Ltd.) is partnering with other Chinese investors, for a potential acquisition for as much as 40% of the General Motors Building in New York City. The stake is reported to be valued at USD $3.4 billion. The...
[ Frisco, Texas USA ] Forest City Texas and the City of Frisco, Texas have agreed to a deal for the long-term development of Frisco North, a mixed-used project to be located in Frisco, Texas. The development is located at the corner of the Dallas North Tollway and U.S. Highway...
[ Morotai Island, INDONESIA ] The governments of Indonesia and Taiwan executed a memorandum of understanding in Decenber, 2012, with the objective of cooperating in the joint development of Morotai Island in Indonesia. The island is considered to have significant potential for economic and tourism development. Morotai Island is located...
[ New York, New York USA ] The Government of Singapore Investment Corp. (Realty) Private Ltd., a sovereign wealth fund, emerged as the winning bidder for MSR Resort Golf Course LLC. The bid occurred in bankruptcy court proceedings in New York, in early December 2012. The winning bid of USD $1.5...
[ Shanghai, CHINA ] Allen Edmonds Shoe Corp. has opened its first store outside the U.S., in Shanghai, with plans to open additional stores in Hong Kong and Macau over the next two years. Although the Shanghai store is the company’s first retail unit outside of the U.S., Allen Edmonds...
[ Dubai, UAE ] The F1 (Formula One) Theme Park once proposed as part of the troubled Dubailand project in Dubai, was aborted in 2010. At the time of its cancellation, site construction work was actually underway at the theme park site but with a scheduled opening date in...
[ Englewood, Colorado USA ] AvalonBay Communities Inc. and Equity Residential have agreed to purchase Archstone Enterprises LP (“Archstone”) from Lehman Brothers Holdings Inc. The acquisition price is a reported USD $6.5 billion in cash and stock. Equity Residential (Chicago) is the Sam Zell-led real estate investment trust (“REIT”)...
[ Dubai, UAE ] Dubai’s ruler, His Excellency Sheikh Mohammed Bin Rashid Al Maktoum, has announced a major initiative to develop Mohammed Bin Rashid City. The multi-billion dollar project will be developed to include several components. The project will be located between Emirates Road, Al Khail Road and Shaikh Zayed...
[ Mumbai, INDIA ] Actor Shah Rukh Kahn has acquired a 26% interest in Kidzania, and has commited to building a KidZania unit at R City Mall in Mumbai (India). Shah Rukh Kahn, also known simply as ‘SRK’ is a Bollywood superstar with more than 75 films to his credit....
Berjaya Jeju Resort Ltd is developing Berjaya Jeju Airest City on Jeju Island (South Korea). Berjaya Jeju Airest City will include 935 hotel rooms, 1,403 condominium units, shopping mall, entertainment venues, museum, medica center. The 184-acre resort project is situated on southern part of Jeju Island. The project was honored...
