Li Ka-shing’s CK Asset has agreed to sell its 21 Borrett Road project in Hong Kong’s Mid-Levels for HK$20.8 billion ($2.6 billion) to a private wealth manager founded by former UBS bankers, in a sudden asset disposal by the city’s… Read More>>
Hong Kong investor JY Group has added to its collection of Australian retail assets by picking up a 50 percent stake in a suburban Sydney mall for A$120.5 million ($78.2 million).
JY Group purchased its half-interest in the Carlingford Court… Read More>>
In today’s roundup of regional news headlines, shares of China Vanke’s property management spin-off Onewo tumble more than 7 percent in their first day of Hong Kong trading, and the Bank of China readies the sale of its former building… Read More>>
Mirae Asset Global Investments’ $3 billion purchase of the International Finance Center Seoul has fallen apart, with the Korean asset manager now pursuing arbitration against Brookfield Asset Management, the owner of the commercial complex, in an attempt to retrieve a… Read More>>
Private equity major Warburg Pincus has formed a joint venture with Singapore-based Evolution Data Centres to develop hyperscale facilities throughout Southeast Asia.
EDC was founded last year and has deployed over 640 megawatts of capacity and led more than $1… Read More>>
In today’s roundup of regional news headlines, Hong Kong home prices hit a fresh multi-year low, a Canadian pension fund manager opens an office in Mumbai, and China-based Dajia Insurance looks to sell a trio of US hotels.
Industrial giant ESR and its Logos subsidiary have closed on $250 million for their inaugural Asia core-plus logistics fund, boosted by a $100 million commitment from the Employees Retirement System of Texas.
Pan Asia Core+ Venture is the first co-branded… Read More>>
In today’s roundup of regional news headlines, a Shenzhen government-owned firm intervenes to help complete a set of projects developed by beleaguered China Evergrande, while Singapore’s Cuscaden Peak puts three pricey Nassim Road bungalows on the market.
As Hong Kong’s residential market slides against a backdrop of rising interest rates, the city’s central banking authority has made it easier to buy a home by relaxing stress-testing rules.
The Hong Kong Monetary Authority announced Friday that it was… Read More>>
Local investors have purchased 15 retail and residential properties at the Kin Sun Building in Hong Kong’s rapidly redeveloping Sham Shui Po area for a total of HK$100 million ($12.7 million).
Six retail shops spanning 3,914 square feet (364 square… Read More>>