Skip to content

China Resources Mixc Lifestyle in Talks for JLL China Business

  • China Resources Mixc is lead bidder for real estate manager
  • Developers looking to services amid sales slump, credit crunch
Employees wear protective masks in a conference room at a JLL office in Dallas, Texas, U.S.
Photographer: Dylan Hollingsworth/Bloomberg
Updated on

Jones Lang LaSalle Inc. has picked China Resources Mixc Lifestyle Services Ltd. as the preferred bidder for its China real estate management unit, people familiar with the matter said.

The property management arm of state-owned China Resources Group is poised to trump rivals including Sunac Services Holdings Ltd. and China Vanke Co., said the people, who asked not to be identified as the information is private. The Chicago-based real estate services provider is seeking more than $500 million from a divestment of the unit, Bloomberg News has reported