Company Overview - Welch's is a leading fruit-based food, beverage, and agricultural cooperative founded over 150 years ago, headquartered in Massachusetts, and owned by 650 family farms across the United States [4] - The company's mission focuses on nourishing consumers through the goodness of fruit, offering products such as real fruit juices, sparkling juices, and fruit spreads [4] New Headquarters - Welch's officially opened its new headquarters in Waltham, Massachusetts, on June 17, featuring a 60,000 square-foot facility designed for modern lab space and collaboration [2][3] - The new headquarters aims to enhance operational efficiency, support current employees, attract top talent, and create new opportunities for the company [2] - The facility was developed in partnership with SGA and project managed by A/E/C solutions, emphasizing strategic visibility and accessibility off I-95 [2] Corporate Growth - The new headquarters will accommodate 200 corporate employees, marking a significant step in Welch's growth and commitment to its legacy [3] - The move to Waltham is seen as a pivotal moment for the brand, aligning with its ambitious goals for future development [1][2] Community Engagement - The grand opening included remarks from local officials and showcased Welch's latest product innovations, fostering community engagement [1] - The event featured local food vendors, highlighting the company's connection to the local business community [1] Real Estate Context - BXP, the developer of the new headquarters, is the largest publicly traded developer and manager of premier workplaces in the U.S., with a portfolio totaling 53.4 million square feet as of March 31, 2025 [5] - BXP's focus on creating dynamic business environments aligns with Welch's vision for its new headquarters [2][5] Design and Sustainability - SGA, the architectural firm involved, specializes in innovative design solutions across various sectors, emphasizing sustainability and community enrichment [6] - The design of the new headquarters reflects a balance between progressive concepts and practical business needs, supporting Welch's operational goals [2][6]

Core Viewpoint - The launch of the Jinshang Wanxiangfu project in Hangzhou marks a significant price increase, with an average opening price of 65,600 yuan per square meter, representing a 41.1% increase from the previous price limit of 46,500 yuan per square meter [1][3][5]. Group 1: Project Overview - Jinshang Wanxiangfu is the first unrestricted price residential project in the Chengdong New City area, attracting considerable market attention since its land acquisition in November last year [1][3]. - The project consists of four high-rise buildings and two stacked villas, with unit sizes ranging from 183 to 251 square meters [3][5]. - The opening includes 63 high-rise units, with the lowest total price at 8.66 million yuan for a 185 square meter unit and the highest at 31.08 million yuan for a 354 square meter penthouse [3][5]. Group 2: Market Context - The previous price limit for residential properties in the Anqier area was set at 46,500 yuan per square meter, with two limited-price projects launched last year that were well-received by buyers [5]. - The pricing strategy for Jinshang Wanxiangfu is influenced by surrounding second-hand properties, which have an average price range of 60,000 to 80,000 yuan per square meter [5]. - The project features high-quality finishes and materials, aiming to enhance its market appeal and justify the higher price point [5][7]. Group 3: Future Market Trends - Following the launch of Jinshang Wanxiangfu, several other high-end projects are expected to enter the market, potentially pushing property prices higher in the region [7][8]. - Upcoming projects such as Aoying Mingcuifu and other "land king" developments are anticipated to have opening prices ranging from 85,000 to 120,000 yuan per square meter, indicating a trend of increasing property values in Hangzhou [8].

Economic Trends in China - In 2025, China is undergoing significant economic changes, characterized by five major trends: declining deposit rates, falling but still high housing prices, a growing flexible employment sector, a rise in the trend of not marrying or having children, and the diminishing allure of stable jobs [1] Banking and Savings - Despite continuous reductions in deposit rates since 2024, with rates reaching historical lows, the enthusiasm for savings among the public remains strong. This is attributed to losses in stock markets and other investment channels, leading people to prefer bank deposits for capital preservation [3] Real Estate Market - Since 2022, the real estate market has seen an average price decline of over 30% in some regions by 2025. However, owning a home remains out of reach for many due to persistent high prices and economic pressures such as declining incomes and unemployment. In cities like Shanghai and Shenzhen, the price-to-income ratio exceeds 40, indicating significant purchasing pressure [6] Employment Trends - The flexible employment sector has expanded significantly due to the impact of the pandemic, with 240 million individuals now engaged in flexible jobs such as delivery workers and freelancers. This trend reflects a shift in the job market towards more adaptable employment options [8] Social Trends - The rates of marriage and childbirth in China have been declining, primarily due to high costs associated with weddings and child-rearing. The financial burden of housing and the overall cost of living are major deterrents for young people considering marriage and family [9] Fiscal Challenges - The stability of traditional job security is eroding, particularly in local governments facing reduced fiscal revenues due to a sluggish real estate market. Experts suggest the introduction of property taxes to create new revenue streams for local governments [11] Monetary Policy and Economic Conditions - By 2025, China's broad money supply (M2) has surpassed 304.8 trillion yuan, more than double the GDP, indicating severe monetary overexpansion. Despite this, there is a widespread perception of a cash shortage among citizens, businesses, and governments, leading to a deflationary economic cycle. The core issue lies in the lack of confidence in the market, preventing the effective circulation of money into the real economy [11]

Castlelake, owner of a 79% stake in AEDAS, has signed an irrevocable agreement to sell its stake to Neinor for €24.485/sh (€21.335/sh post div.) Acquisition of a premium portfolio with c.€2bn GAV (c.20,200#) at a c.30% NAV discount Conservative underwriting targeting a +20% IRR and 1.8x MOIC, implying significant de-risking and acceleration of Neinor’s Strategic Plan 2023-27: Highly accretive transaction, driving €150mn Earnings uplift over 2025-27 (+40% vs Strategic Plan target and c.+25% on EPS), and ...

房地产统计局 1-5 月数据点评：5 月新房销售金额与新开工面积降幅 均有所收窄 2025 年 6 月 16 日 看好/维持 房地产 行业报告 未来 3-6 个月行业大事： 销售：5 月新房销售面积同比降幅有所扩大，销售均价环比回升带动销售金额 同比降幅收窄。 2025 年 1-5 月商品房累计销售面积同比增速为-2.9%、前值为-2.8%；累计销 售金额同比增速为-3.8%、前值为-3.2%。其中，5 月商品房销售面积同比增速 为-3.3%、前值为-2.1%；销售金额同比增速为-6%、前值为-6.7%；销售均价 单月同比增速为-2.8%、单月环比增速为 2.5%。 开发投资：5 月新开工面积与竣工面积同比降幅收窄，开发投资维持弱势。 2025 年 1-5 月房屋累计新开工面积同比增速为-22.8%、前值为-23.8%；房屋 累计竣工面积同比增速为-17.3%、前值为-16.9%；开发投资累计金额同比增 速为-10.7%，前值为-10.3%。其中，5 月单月新开工面积同比增速为-19.3%， 前值为-22.1%；竣工面积同比增速为-19.5%，前值为-27.9%；开发投资金额 同比增速为-12%，前值为-11 ...

Asia Pacific Corporate Research 11 June 2025 China Property Reopening offshore bond market for non-SOEs? According to Bloomberg, Seazen may become the first non-SOE developer in two years to issue USD bonds, suggesting a potential reopening of the offshore bond market for non-SOEs. From an equity perspective, we see this more as a symbolic gesture than a restorative move that could bring the company totally out of the woods. Due to high costs (potentially 11-13%), we think better alternatives to refinance o ...

12 June 2025 | 6:17PM CST China Property What would it take to clear China's housing inventory (No. 2) With incremental inventory (including both saleable and non-saleable WIP and land reserve) data being disclosed by city governments lately, we perform a deep dive into China's housing inventory in the 2nd edition on this topic (see first edition here). We examine 78 cities which account for ~50% of China's population and housing stock and ~60% GDP. Shi Xu +86(21)2401-8929 | shi.x.xu@goldmansachs.cn Goldman ...

Interior Renderings of ENT TERRACE Tsukiji 6 Chome (1) Interior Renderings of ENT TERRACE Tsukiji 6 Chome (1) Interior Renderings of ENT TERRACE Tsukiji 6 Chome (2) Interior Renderings of ENT TERRACE Tsukiji 6 Chome (2) Beautiful View Villa (Left) Produced by Pro Style Design Beautiful View Villa (Left) Produced by Pro Style Design Luxury Italian Casa (Right), Produced by Pro Style Design Luxury Italian Casa (Right), Produced by Pro Style Design Conceptual Map of the Tsukiji District Commun ...

在大校场站的下一站，10号线二期机场跑道旧址站机电安装也基本完成，正有条不紊地推进装饰装修工 作。记者在现场看到，站厅的墙面、天花板等区域已完成部分施工。 机场跑道旧址站为三线换乘站，地铁车站与金地商置地下部分联合共建，形成一个不规则的超大超深三 角基坑，最大深度24.5米，各类转角约50处。由于基坑的周边紧邻原机场跑道、瞭望塔等文物需加以保 护，因此施工期间对基坑整体的沉降、变形和稳定性控制要求较高。为此，项目采用了深基坑自动化监 测系统，在基坑的16个转角等重要点位安装了基坑监测设备，24小时采集基坑信息，动态化指导施工。 10号线二期建成后将延续其主城区南部的东西向骨干线身份，和10号线一期工程携手，打造一条便捷高 效的交通通道，使江北新区、主城与南部新城和麒麟地区紧密相连。 南报网讯（通讯员 宁建轩 记者 吴春霞 何钢） 记者12日从市建委了解到，南京地铁10号线二期全线顺 利轨通，目前车站已完成所有主体结构建设，全面进入机电安装和装饰装修阶段。 10号线二期工程西起于10号线一期工程终点安德门站，终至石杨东路站，线路全长13.35公里，共设车 站10座，其中规划6座换乘站。其中，大校场站为两线换乘站 ...

The new community features 285 luxury apartment homes with refined finishes and modern conveniences in a premier Frisco locationFRISCO, Texas, June 12, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc (NYSE: TOL), the nation's leading builder of luxury homes, in partnership with Pondmoon Capital, is pleased to announce the opening of Mirra, a five-story, 285-unit luxury apartment community located in the heart of Frisco Square near Dallas, Texas. Mirra of ...