Shenzhen Kingkey Group is proposing to develop the 739 metres tower as part of a cluster of supertalls sprouting in Shenzhen’s Caiwuwei financial area in the city’s Luohu district. When complete, the planned structure would be the second or third tallest building in the world, after the 830 metre Burj Khalifa in Dubai, and the Jeddah Tower in Saudi Arabia, which is planned to reach 1008 metres upon its scheduled completion in 2020.Prior plans to build China's tallest building in Changsha and Wuhan have yet to get off the ground. Both buildings were planned before China's real estate market started to crack in 2014. Given the shift in outlook for the real estate sector, this may also represent a market top.
Hines Buys Greater Osaka Orix Shed to Expand in Japan
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Hines has acquired a fully leased warehouse in Greater Osaka for an
undisclosed price, with the announcement coming less than two weeks after
the US deve...
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