Gemdale chief executive officer Xu Jiajun
Mainland developer Gemdale is selling a commercial and residential complex project in Shenzhen for $463 million, with that story leading today’s collection of headlines from around the region. Also in the news, EC World REIT says three of its properties have been mortgaged without its manager’s knowledge and China’s Wanda Group sells a Shanghai mall.
Gemdale Sells Shenzhen Project, Raising $463M to Ease Funding Pressure
Shenzhen-based Gemdale Properties and Investment, along with its joint venture partner, have agreed to sell a project in…
