The Sanctuary buildings in Westminster
Predictions of post-Brexit chaos for the the UK seem not to have made their way to Asia yet, as a Korean asset manager has now agreed to buy a London office building from Blackstone for more than a quarter-billion pounds. More encouraging news has emerged for a mainland casino developer after the company’s boss reportedly resurfaced after being detained in Cambodia and Hong Kong’s Gaw family has made a trip to New York to invest in a new flexible office venture. Read on for all these stories and more.
Blackstone Sells London Asset to Hana for $366M
Hana Alternative Asset Management Co is set to acquire a Blackstone-owned office building in London for 285 million pounds ($366 million) to become the first South Korean institution investing in a UK government-leased property.
Hana will sign a share purchase agreement on Nov. 30 with Blackstone Group to buy Sanctuary Buildings in Westminster leased to the Department for Education for another 15 years. Read more>>
Casino Boss Reappears After Being Detained in Cambodia
Shares in an Asian casino operator soared more than 40 per cent in Hong Kong on Tuesday (Nov 27) after it said its tycoon head, who suddenly went missing in August, had “resumed his duties”.
Landing International Development said in a filing to the Hong Kong stock exchange late on Monday that Mr Yang Zhihui has returned to his roles as chairman and executive director. Read more>>
Gaw Joins $30M Funding Round for NYC Shared Office Startup
NeueHouse, a NYC-based private cultural and collaborative space for prominent creatives, artists and entrepreneurs, raised $30m in funding.
The round was led by an investment vehicle of the Diller-von Furstenberg Family Office alongside new strategic investors Gaw Capital and Meyer Bergman’s Revolt Ventures. Read more>>
SG Home Prices Fell Again in October
Prices of completed private apartments and condominiums in Singapore fell further by 0.6 per cent in October from the previous month, accelerating from a 0.2 per cent month-on-month decline in September.
This is according to the National University of Singapore’s (NUS) flash estimates released on Wednesday (Nov 28) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. Read more>>
Shared Office Provider Atlas in Tie-Up with Edison Chen
Atlaspace today launched a new brand campaign “Atlaspace, Your Space for Success”, aiming to emphasize its Work Space, Living Space and Community Space to equip entrepreneurs for building successful businesses.
The Guangzhou-based flexible office provider invited renowned celebrity entrepreneur, Edison Chen, to share his challenges and obstacles to build his business in the new microfilm, and encourage the region’s younger generation to listen to their own voice and follow their dreams to create a brighter future. Read more>>
Owners of Singapore’s Beauty World Plaza Aim For S$165M Collective Sale
The owners of Beauty World Plaza are putting up the retail and residential development for tender with a reserve price of S$165 million, agent Knight Frank Singapore announced on Wednesday (Nov 28).
The 2,305.6 sq m site in the Upper Bukit Timah neighbourhood comprises a single block with 61 shop units and 30 apartments. Read more>>
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