Owners of a strata-title office tower in Singapore’s Tanjong Pagar area have agreed to put their 50-storey property on the market in a move that could lead to the city’s largest collective sale ever and provide the latest sign of… Read More>>
Li Ka-Shing’s CK Asset Posts 30.8% Profit Jump in ‘Challenging’ First Half of 2021
CK Asset Holdings, the listed developer controlled by Hong Kong’s richest man, Li Ka-shing, reported strong earnings growth for the first half of 2021, with profit attributable to shareholders leaping 30.8 percent compared with the COVID-hit year-earlier period to reach… Read More>>
Nearly a Decade in the Making, Shui On Land Readies IPO of Xintiandi Unit
In the wake of Wednesday’s report that Shui On Land had picked two banking giants to lead the IPO of its Xintiandi unit, the Shanghai-based property firm looks set to fulfil a listing plan first proposed when Barack Obama and… Read More>>
CBRE to Acquire 60% Stake in UK Project Manager Turner & Townsend for $1.3B
Global property consultancy CBRE has beefed up its service offerings with a string of recent deals, including the planned acquisition of a 60 percent stake in UK-based project management specialist Turner & Townsend.
In the all-cash transaction, CBRE will pay… Read More>>
Swire’s Tale of Two Districts Reveals HK Office Tenant Flight to Value
The latest financial results released by blue chip developer Swire Properties highlight a growing trend in Hong Kong’s office market, as large occupiers flee the punishing prices of the city’s traditional business hubs in favour of lower rents at high-spec… Read More>>
Keppel JV Aims to Upgrade China’s Office Assets
A unit of Singapore’s Keppel Corporation has formed a joint venture with Shanghai-based developer Topchain to manage investment properties, mainly offices and business parks, with asset enhancement potential in China.
The indirect wholly owned subsidiary, Keppel Yong Da Property Management… Read More>>
Evergrande Hit With Fresh Moody’s Downgrade as More Suppliers Cry Foul
Moody’s Investors Service has downgraded the credit-worthiness of China Evergrande Group and three of its subsidiaries, dealing a fresh blow to the mainland’s most indebted developer.
The agency slashed the corporate family ratings for Evergrande and its principal domestic unit,… Read More>>
Hanison Selling Hong Kong Building Stake to AEW as Disposal Streak Continues
Hanison Construction Holdings has agreed to sell a half-stake in an eastern Hong Kong Island logistics asset and its full ownership in a Kowloon East industrial building for a combined HK$933 million ($120 million).
Hanison, controlled by the Cha family… Read More>>
Keppel Buying Singapore Press Holdings’ Real Estate Business in $2.5B Deal
Keppel Corporation has offered to privatise Singapore Press Holdings’ non-media business, which consists primarily of real estate assets, in a cash-and-scrip deal valuing the Straits Times publisher at S$3.4 billion ($2.5 billion).
Under an agreement between the two firms announced… Read More>>
Evergrande to Sell Further Stake in Tencent JV for $420M as Unpaid Suppliers Swarm
Debt-saddled developer China Evergrande Group continues to reduce its shareholding in its Hong Kong-listed internet division, HengTen Networks Group, as it announced plans yesterday to offload a HK$3.25 billion ($420 million) stake.
The news comes less than two months after… Read More>>
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