Международный форум MIPIM опубликовал список финалистов 2015 MIPIM Awards. Международная группа архитекторов, девелоперов и экспертов в области недвижимости определили 40 финалистов — объектов недвижимости, построенных в прошлом году. 40 финалистов были названы в 10 категориях. Во время церемонии награждения, которая пройдет 12 марта в Каннах, во Франции, будет выбран один победитель в каждой категории. Вот лишь некоторые из них. Center Parcs Woburn Forest (Номинация "Лучший отель и курорт") Бедфордшир, Великобритания Архитекторы: Holder Mathias Девелопер: Center Parcs Сюда входят спа-салоны, спортивная инфраструктура, конференц-центр, а также широкий спектр ресторанов, точек розничной продажи и инфраструктура для отдыха. Отель St Regis в Чэнду, Китай (Номинация "Лучший отель и курорт") Чэнду, Китай Архитекторы: China Southwest Architectural Design and Research Institute Девелопер: Evergo Enterprises Company Limited Отель расположен в самом сердце делового центра города Чэнду. 29-этажный отель St. Regis Chengdu - это часть нового Chinese Estates Plaza, многофункционального комплекса, который по плану должен стать центром деловой, развлекательной и торговой деятельности в городе. Инновационный центр AGC Technovation Centre (Номинация "Лучший промышленный и логистический комплекс") Госсели, Бельгия Архитекторы: ASSAR ARCHITECTS Девелопер: AGC Glass Europe AGC Technovation Centre – самый новый из 4 промышленно-исследовательских центров AGC. Здание занимает площадь 22 тыс. кв. м. Würth Svenska AB (Номинация "Лучший промышленный и логистический комплекс") Эребру, Швеция Архитекторы: White Девелопер: Würth Svenska AB Штаб-квартира Würth Sverige представляет собой необычное здание в самом сердце Швеции — в городе Эребру. Это здание вмещает высокоэффективную систему складов, торговый офис и штаб-квартиру для офисных работников. Комплекс Kastelli Community Centre (Номинация "Лучший инновационный экологический комплекс") Оулу, Финляндия Архитекторы: Lahdelma & Mahlamäki Architects Девелопер: Город Оулу, Lemminkäinen Building Construction (подрядчик по проектированию и строительству) Kastelli Community Centre предоставляет объекты для обучения и занятий спортом для 1500 детей и подростков. Жилой комплекс One Central Park (Номинация "Лучший инновационный экологический комплекс") Сидней, Австралия Архитекторы: Ateliers Jean Nouvel Девелопер: Frasers Property Australia, Sekisui House Australia Подрядчик: PTW Architects One Central Park – это лишь первая часть проекта Центрального парка, который будет расположен на прилегающей территории. One Central Park включает в себя 623 апартаментов в двух жилых небоскребах с большим количеством зеленых насаждений. Selcuk Ecza HQ (Номинация "Лучший офисный и деловой центр") Стамбул, Турция Архитекторы: Tabanlioglu Architects: Мелькан Гюрсель и Мурат Табанли-оглу Девелопер: Selcuk Ecza Holding Офисный комплекс похож на небольшое здание в сельской местности — скошенные крыши, характерный дизайн. Комплекс состоит из семи сообщающихся "домов", которые соединяются друг с другом с помощью садов, патио или просто дорожек с зелеными насаждениями. Xi'an Jiaotong – Административное и информационное здание Ливерпульского университета (Номинация "Лучший офисный и деловой центр") Сучжоу, Китай Архитекторы: Aedas Девелопер: Suzhou Industrial Park Education Development & Investment Company Подрядчики: Suzhou Institute of Architectural Design Co., Ltd , ShenYang YuanDa Aluminium Industry Engineering Co., Ltd, Lead Dao Technology and Engineering Ltd , VMZINC Знаменитые камни с озера Тайху послужили прообразом для дизайна этого необычного здания, расположенного в самом центре Промышленного парка Сучжоу. Cayan Tower (Номинация "Лучший жилой комплекс") Дубай, ОАЭ Архитекторы: Skidmore Owings and Merrill Девелопер: Cayan Group Жилой комплекс, расположенный в престижном районе Dubai Marina, – это символ архитектуры XXI века, ее элегантности и сложного дизайна. Cayan Tower - это 73-этажный жилой комплекс, из которого открывается потрясающий вид на море. Жилой комплекс Waterfront (Номинация "Лучший жилой комплекс") Ставангер, Норвегия Архитекторы: AART, Studio Ludo Девелопер: Kruse-Smith Это один из самых крупных деревянных жилых комплексов в Европе. Комплекс расположен на границе между городом и морем, занимает площадь 19 500 кв. м. Торговый центр Riverside 66 (Номинация "Лучший торговый центр") Тяньцинь, Китай Архитекторы: Kohn Pedersen Fox Associates Девелопер: Hang Lung properties Ltd. Торговый центр стал центром нового коммерческого района. Этот проект стал торгово-развлекательным центром, который придает новый облик городу. Торговый центр Breeze BSD City (Номинация "Лучший торговый центр") Тангеранг, Индонезия Архитекторы: JERDE и Arcadia Девелопер: PT Bumi Serpong Damai Tbk Подрядчики: PT.TOTAL BANGUN PERSADA Tbk, PT.Jasira Utama Проект предусматривает торговлю под открытым небом, рестораны и развлекательные центры. Площадь центра составляет 135 тыс. кв. м. Аудиовизуальный центр Isla de Marchi (Номинация "Лучший мегапроект будущего") Буэнос-Айрес, Аргентина Архитектор: Марио Роберто Альварес Девелопер: Riva S.A. Аудиовизуальный центр Isla de Marchi – это уникальный многофункциональный центр площадью 291 500 кв. м в Буэнос-Айресе. Проект концентрируется вокруг аудиовизуальной индустрии, стремясь объединить компании, работающие в сфере кинематографа, рекламы, музыки и сопутствующих областей. Oxygen Eco-tower (Номинация "Лучший мегапроект будущего") Джакарта, Индонезия Архитекторы: Progetto CMR Engineering Integrated Services S.r.l. Девелопер/Закачик: Bimantra Citra Подрядчики: Tecnimont Civil Construction & Permasteelisa Group, Cimolai Oxygen Eco-tower – это, по утверждению строителей, "вилла в небесах". Дизайн этого необычного здания призван изменить традиционный облик виллы, минимизировать использование земли в густонаселенных городах. Oxygen Eco-tower – это 75-этажный жилой комплекс, состоящий из 161 виллы.
Hong Kong billionaire Joesph Lau has stepped down as chairman and CEO of his flagship real estate developer Chinese Estates Holdings of Hong Kong after he was found guilty by a Macau court on Friday of bribery and money laundering.
“It’s all bad news today,” was Chinese real estate tycoon Pan Shiyi’s last post on Sina Weibo on September 13. Part of that melancholy went to Wang Gongquan, a prominent venture capitalist and a civic activist that Pan has known for more than two decades. Wang was detained last week for “assembling a crowd to disturb public order,” a move widely seen as part of the recent crackdown on vocal critics and activists. Wang’s Weibo account has been disabled since, but netizens retweeted old features on his civic work and his political views to express support.
Residential real estate prices surged in China in August - up 18-19% in first-tier cities - as it appears the slowing of several tightening measures earlier in the year has sparked a full-fledged recovery in the bubble-growing in the Chinese property market. [Prices have once again surged after a temporary haitus] As The FT reports, some investors and analysts have started to express concern about whether China’s property market is veering into dangerous bubble territory, but the government has so far taken a much more dovish line. The fact that the government juxtaposed the soaring prices in the big cities with relative stability in smaller cities merely stoked the fires of hot-money inflows as one analyst noted, "continued effort to paint a picture of still-benign housing price conditions may imply that the central government wants to deal with other issues first before making a very clear stand on the overall housing policies." Restrictions on purchases remain but it seems clear that no new tightening has given developers and investors the green light to blow the bubble even bigger. Via The FT, Residential prices soared in China’s biggest cities in August, raising the possibility that the government will take fresh measures to cool the red-hot market. Prices for new homes in Beijing, Shanghai and Shenzhen – the country’s three largest cities – surged 18-19 per cent year-on-year, accelerating from previous months. ... The sharp increase in prices in the biggest cities is the latest evidence of a full-fledged recovery in the Chinese property market after it was smothered by several tightening measures earlier this year. ... Some investors and analysts have started to express concern about whether China’s property market is veering into dangerous bubble territory, but the government has so far taken a much more dovish line. ... The “continued effort to paint a picture of still-benign housing price conditions may imply that the central government wants to deal with other issues first before making a very clear stand on the overall housing policies,” he said in a note to clients. ... Over the past four years the Chinese government has waged a continuous battle to rein in the housing market, raising mandatory mortgage downpayments, placing restrictions on the number of homes people can buy and levying a tougher capital gains tax on sales. But since the country’s new leaders – Xi Jinping and Li Keqiang – took office in March, there have been no big new tightening policies enacted on top of the measures already in place. Analysts believe this has given developers and investors the confidence to flood back into the property market. So clearly, China is back to its old tricks. Having tried (and not liked the results - as we noted here) to 'taper' in June - sending SHIBOR to 25% and almost crashing the entire banking system in the process - the new regime has reverted to the old regime of credit pumping (as seen in the chart below's uptick at far right to around CNY18tn total debt once again)... This simply means the credit bubble will get worse and more and more unsustainable. So, in summary, as the Fed is about to learn we suspect; once you have made the market entirely dependent on the flow of credit and threaten to taper/deleverage, the cracks appear very fast. Perhaps this is why the PBOC has taken its eye off the domestic real estate bubble for now as the growth in 2-way trade volumes collapses... (Charts: Sean Corrigan)
While Chinese stocks are underperforming their Japanese neighbors', the decision of which Asian language to learn (in order to potentially better your future) is clear. As Hurun Research notes, half of the richest women in the world (with assets in excess of $1 billion) are from China - including 3 from the Top 5 and 6 of the Top 10. Asia was home to the highest number of billionaires this year with most of them operating in real estate sector. The total wealth of the 1453 billionaires amounted to a staggering US$5.5 trillion, the equivalent of China’s GDP and the so-called 'Ten-Zero-Club' - individuals with over USD10bn - grew by 25 to 108 people. The USA still ranks #1 (exceptionally) for the country with the most billionaires - at 409! Via Shanghai Daily, One out of four on the list of 50 richest women in China is involved in real estate business. And 18 percent of them are in the financial sector. Also from the real estate sector is Chen Lihua, 72, of Fu Wah International, who ranks No. 2 on the list with 37 billion yuan of self-earned wealth. According to Hurun, half of the richest women in the world with assets valued in excess of US$1 billion are from China, including three among the top five and six among the top ten. Rupert Hoogewerf, founder of Hurun Research Institute, said: "This generation of Chinese women entrepreneurs have not only earned themselves a high status in their country, but also secured an unshakable position on the global stage.” And if you are shooting for the moon, dust off the James Bond tuxedo and head over to meet Yang Huiyan. At 32, she is the heiress to property developer Country Garden, and has retaken the title of China’s richest woman from another property tycoon Wu Yajun, 49, this year, according to the Hurun List of Richest Women in China 2013 released today. Via Hurun.net, On the 2013 list, Hurun Report has ranked 1453 individuals with personal wealth of US$1 billion or more. Asia was home to the highest number of billionaires this year with most of them operating in real estate sector. The total wealth of the 1453 billionaires amounted to a staggering US$5.5 trillion, the equivalent of China’s GDP. The average age is 63. One in ten is female. This past year has seen a rebound in the wealth of private sector. Stock markets in the US have risen and the US dollar has got stronger, rising against the Brazilian Real by 19%, Indian Rupee by 12% and Japanese Yen by 6%, making it harder for locals to make the cut-off. The Hurun Global Top Ten grew by 26% on average. The so-called ‘Ten-Zero Club’ – individuals with US$10bn – grew by 25 individuals to 108 billionaires. Real Estate produced the most billionaires – 219, accounting for 16% of the entire list. The USA:Ranks No 1 with 409 billionaires. Investments, TMT and retail are the top three sources of wealth for American billionaires, with 102, 88 and 40 billionaires respectively. The combined wealth of the US billionaires is US$1712bn, with New York as their capital. And in graphic format from a different source (via Visual.ly): Explore more infographics like this one on the web's largest information design community - Visually.
Top Global Real Estate Markets For Affluent Chinese
China's foreign direct investment grew 0.6% on year to $8.38B in August, although the expansion was down sharply from 24.1% in July and 20.1% in June. In January-August, FDI rose 6.4% to $79.8B vs growth of 7.1% a year earlier, The Conference Board's Leading Economic Index +0.7% in August vs +1.4% in July. Five of the six components contributed positively to the index in August. Growth slowed as "real-estate activity slumped markedly." (PR)ETFs - Stocks: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP, HAO, ECNS. Bonds: DSUM, CHLC. Currency: CNY, CYB, FXCH Post your comment!
Sipping a glass of 2010 Louis Latour Chassagne-Montrachet, Houston Rockets owner Leslie Alexander is explaining where he got the idea to buy a potato barn in Bridgehampton, New York and hire a Hollywood production designer to rip it up and turn it into an ultra-exclusive wine club. "I wanted to do something fabulous, grand," he says. Cost to join: a refundable $50,000 initiation fee plus annual dues and extra charges for special events. Clad in a red Rockets baseball cap, beat-up Top-Siders, red polo shirt and white cargo shorts with a hole over the right knee, Alexander, 70, is sitting on an upholstered chair that looks like it came from a castle in 17th-century France. His wine glass perches on a low, distressed-wood table. Three filigreed chandeliers dangle from the high-vaulted ceiling above, their blue bulbs casting a soft light. This being the informal yet status-conscious Hamptons, summer home to billionaires like Ronald Perelman and Steven Spielberg, Alexander figures that wine enthusiasts will be eager to join and attend tastings like the two-day, $17,500-a-head extravaganza of 57 vintages of Château Pétrus the club hosted in June 2012. "I envisioned a place where people who had great collections could store their wine and come together and hang out," he says. For older Hamptonites, he notes, there are no inviting places to go after dinner. "You're not going to go to a disco," he says. "Instead you can come here and drink wine. It's like a golf club for wine." Though he flunked high school French in South Orange, New Jersey, he named the club Société du Vin. "I wanted something that was French-sounding and intriguing." Intriguing is an understatement. As one observer says about the club, it looks as if the Addams Family won the lottery and blew the money decorating. There's a reason for that. After buying the barn in 2008, Alexander saw the opulent New York loft of actor Gerard Butler on the cover of Architectural Digest, loved it and called the decorator Elvis Restaino, whose main work has been in movies and television. Alexander green-lighted the first 3-D designs he saw on Restaino's iPad. They included Romanesque brown-and-gold pillars, a long copper-topped bar studded with high chairs made of upholstery and carved wood, backlit wineglass cases, two ships' figureheads jutting from the walls and flooring made of recycled red oak and tiles that are replicas from a French castle. A huge green and gold bas-relief of Bacchus, the god of wine, surrounds two hulking dark-wood doors. Restaino says the barn's beamed structure reminded him of the scaffolding on the inside of the Statue of Liberty. Restaino chose the patinaed gold, brown, blue and green color scheme to offset the red wine he envisioned members pouring. Downstairs on the delivery staircase, he painted the names of top wineries--Abreu Vineyard, Harlan Estate, Château Lafite Rothschild. "The metaphor was ascending to heaven and you'd drink all these great wines before you die," he explains. Alexander's one design restriction: no leather. He is a longtime PETA member, and he donates to "a million animal rights organizations," including his own sanctuary for abandoned horses in Virginia. The cushy chairs are made of vinyl. Alexander's childhood was a long way from Hamptons wine club founder and basketball team owner. He grew up in the Bronx and then middle-class New Jersey, the only child of an insurance broker and a homemaker (the accent stuck; he says "dooawg" and "tooawk" for "dog" and "talk"). When he was 21, his father died and he dropped out of Brooklyn Law School to help his mother. "There was no money," he recalls. He found he had a knack as a trader, but after stints at several Wall Street firms he tried law school again, graduating with such low grades he had a tough time finding a job. So he went back to trading, this time bonds, for himself, very successfully. In the late 1970s, enjoying his wealth, he began to quaff, not really knowing what he was drinking. "I used to go out to dinner a lot, and Montrachet was the most ?expensive wine on the list, so I ordered it," he says. "It was only $100." Then he started reading wine critic Robert Parker and later newsletter writer Stephen Tanzer and the Burgundy-centric website Burghound.com. Wine buying became "an addiction" for Alexander, who believes you get better value if you buy young vintages in good years, store them well and let them age. He says he's trying to stop at 6,000 bottles, worth $2 million. At age 50 he had more than enough money to retire. Instead he bought the Rockets for $85 million in 1993 and has had a successful run as an owner, attracting players like Charles Barkley, Chinese sensation Yao Ming and, most recently, former Los Angeles Laker Dwight Howard, who signed a four-year, $88 million contract this off-season. "It's like the greatest entertainment in the world, and you've created it," he says. By 2006 Alexander was a member of The Forbes 400, with an estimated net worth of $1.2 billion. He fell off the following year when his 20% investment in for-profit student lender First Marblehead tanked, but he's not headed to the poorhouse any time soon. The value of the Rockets, according to FORBES estimates, is now $568 million. In August Alexander bought a Manhattan penthouse for $42 million, his fifth home among other real estate investments. Buying and renovating a $5.5 million potato barn was no problem. Alexander says he's not trying to profit from Société du Vin but hopes to break even. Out of the gate, that seems optimistic. The club officially opened on Memorial Day--its Restaino-designed invitations were made by hand--and ominously, on an overcast afternoon in early August, there are no patrons in sight (Alexander won't say how many have joined). The vast 55-degree cellar looks empty save for a half-dozen or so cardboard boxes, as do most of the nine private cellar rooms with their polished-wood shelves and chandeliers. What if Alexander can't find enough people to join? "If that happens, we'll get to it at that point," he shrugs. In the meantime he's begun to move in some of his collection, assuring that, at the very least, he has created his own ultimate wine cave.
SouFun (SFUN +10%) shares continue to run after the company reported that Chinese home prices surged 8.6% Y/Y in Aug., the largest leap since last Dec. The market is expected to continue to be white hot, after buyers have seen "a series of land sold at record prices, while the government didn't take much action," according to Mizuho's Alan Jin. The stock has run up 83.8% YTD, but its valuation still "look[s] reasonable," opines Barron's. Previous: Soufun jumps on Chinese real estate market strength Post your comment!