14 March 2017
Beijing
Reporter: Mark Dugdale
China real estate enjoys early growth in 2017
China saw almost double-digit growth in real estate investment during the first two months of 2017, as demand for residential and commercial property increased.

Real estate investment was up 8.9 percent year-on-year, according to China’s National Bureau of Statistics, with growth 2 percentage points higher than 2016’s figure.

Investment in residential buildings was up 9 percent during the first two months of 2017, while 140.54 million square meters of commercial floor space was sold, reflecting 25.1 percent of growth year over year.

Sales of commercial buildings amounted to RMB 1.08 trillion (USD 156.2 billion), an increase of 26 percent over the previous year.

At the end of February, available commercial floor space was down 4.6 percent to 705.55 million square meters.

The funds in place for real estate development enterprises in the first two months of 2017 reached RMB 2.3 trillion (USD 332.7 billion), which was up 7 percent on the previous year.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
AEW Germany fund hits €118 million on first close
22 June 2017 | Berlin | Reporter: Theo Andrew
Focusing on Germany’s seven main cities, the fund will also strategically target other established office locations around the country
Wanda HK acquires Nine Elms Square for £470 million
21 June 2017 | London | Reporter: Theo Andrew
Vinci St. Modwen, the 50/50 joint venture between St. Mowden Properties and Vinci expects to complete the sale of the 10-acre site later this summer
Majority stake in Barcelona Hilton bagged by AXA IM - Real Assets
21 June 2017 | Barcelona | Reporter: Theo Andrew
Purchased from Iberdrola Inmobiliaria on behalf of AXA Insurance Companies, the 4-star hotel is currently operated by Hilton Hotels on a long-term lease
UK self-storage market expands for third year running
21 June 2017 | London | Reporter: Theo Andrew
The UK now accounts for 47 percent of Europe’s self-storage space, according to the UK Annual Industry Report
Hermes dispatches East London portfolio to Great Portland Estates
20 June 2017 | London | Reporter: Theo Andrew
Spanning 1.1 acres, the properties are located between Aldgate and the new Whitechapel Crossrail Station
Blackstone takes majority stake in UK’s The Office Group
20 June 2017 | London | Reporter: Theo Andrew
The Office Group is a UK provider of flexible workspace and has a portfolio of 36 properties, mainly located in London
CBRE boosts French transaction team
19 June 2017 | Paris | Reporter: Theo Andrew
Based in Paris, Oliver Gérard will be responsible for the management of CBRE’s advisory and transactions and capital markets teams