IDN Forums - Internationalized Domain Names  
Home | Advertise on idnforums | Premium Membership

Go Back   IDN Forums - Internationalized Domain Names > IDN Discussions > General Discussion

General Discussion Feel free to talk about anything and everything in this board.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 14th September 2007, 08:39 AM
touchring's Avatar
Veteran
 
Join Date: Dec 2005
Posts: 7,547
iTrader: (29)
Rep Power: 1286
touchring is an unknown quantity at this point
Mori sells 10% of tallest China bldg to M.Stanley

My friend used to have an office in Pudong around 2000, that time, the place was relatively new and deserted, and rental was low and startups occupied the newly built offices. But 6 years later, the banks and international companies moved in and everytihng changed.

And to think that in 1990, water buffalos ploughing rice roamed the place!


Quote:
Mori sells 10% of tallest China bldg to M.Stanley

http://www.reuters.com/article/merge...K8021220070913

SHANGHAI, Sept 13 (Reuters) - Japan's Mori Building Group has sold a 10 percent stake in China's tallest building, the 125 billion yen ($1.1 billion) Shanghai World Financial Centre, to investment bank Morgan Stanley (MS.N: Quote, Profile, Research), the group's president Minoru Mori said on Thursday.

Mori Group expects to charge the highest rents in China for the 101 storey tower, in which it now holds a 70 percent stake, and to recoup its investment within 15 years, he added.

"We will be a price leader," Mori told reporters, adding that rents would start at about $3 per square metre per day.

"Shanghai is growing rapidly and may one day surpass Hong Kong or even Tokyo."

Last edited by touchring; 14th September 2007 at 08:56 AM..
Reply With Quote
  #2 (permalink)  
Old 14th September 2007, 08:44 AM
Rubber Duck's Avatar
Veteran
 
Join Date: Sep 2005
Location: Czech Republic (For those of you from USA = Chechnya)
Posts: 15,929
iTrader: (59)
Rep Power: 4536
Rubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura aboutRubber Duck has a spectacular aura about
Re: Mori sells 10% of tallest China bldg to M.Stanley

In my estimation Hong Kong is already Toast. Tokyo will take a little longer, but the outcome is inevitable.

Quote:
Originally Posted by touchring
My friend used to have an office in Pudong around 2000, that time, the place was relatively new and deserted, and rental was low in shanghai. 6 years later, the banks and international companies moved in and everytihng changed.

And to think that in 1992, water buffalos ploughing rice roamed the place!


Mori sells 10% of tallest China bldg to M.Stanley

http://www.reuters.com/article/merge...K8021220070913

SHANGHAI, Sept 13 (Reuters) - Japan's Mori Building Group has sold a 10 percent stake in China's tallest building, the 125 billion yen ($1.1 billion) Shanghai World Financial Centre, to investment bank Morgan Stanley (MS.N: Quote, Profile, Research), the group's president Minoru Mori said on Thursday.

Mori Group expects to charge the highest rents in China for the 101 storey tower, in which it now holds a 70 percent stake, and to recoup its investment within 15 years, he added.

"We will be a price leader," Mori told reporters, adding that rents would start at about $3 per square metre per day.

"Shanghai is growing rapidly and may one day surpass Hong Kong or even Tokyo."
__________________
All offers to sell are void.
Reply With Quote
  #3 (permalink)  
Old 14th September 2007, 09:05 AM
touchring's Avatar
Veteran
 
Join Date: Dec 2005
Posts: 7,547
iTrader: (29)
Rep Power: 1286
touchring is an unknown quantity at this point
Re: Mori sells 10% of tallest China bldg to M.Stanley

At this rate, Shanghai will surpass them all, which isn't unprecedented. Shanghai was far more important than Tokyo or Hong Kong in the 30s, despite the civil war in China at that time, between the Nationalists and Mao. If business can thrive in Shanghai in war time, let alone peaceful times.

I wanted to invest in shanghai earlier on, but had no money then, and couldn't convince people. It's an image factor, people are put off by the communist image.

Last edited by touchring; 14th September 2007 at 09:10 AM..
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 12:29 PM.

Site Sponsors
Your ad here
buy t-shirt
מחיר הזהב

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0
Copyright idnforums.com 2005

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54