Alex Jeffrey has been appointed to lead M&G in Asia Pacific, as the UK-based asset manager continues to build up its Asia leadership team. Jeffrey will relocate to Singapore to take the newly created role in the second quarter of… Read More>>
CapitaLand Opens Its Biggest Mall Ever in Suzhou
Southeast Asia’s largest developer has opened its biggest-ever shopping centre with the launch of the 300,000 square metre Suzhou Center Mall in the eastern Chinese city of Suzhou, as CapitaLand opens its eighth new retail development this year.
The seven-storey… Read More>>
Asia Real Estate People in the News 2017-11-13
For this week’s edition of People in the News, an e-commerce veteran has joined the board of China’s leading international property site, while a former retail manager for a high-end lingerie brand is now in charge of mall leasing for… Read More>>
PAG Calls for Strategic Review of Spring REIT as Management Battle Boils Over
Alternative investment manager PAG Real Estate is calling for an external strategic review of Spring REIT by January 2018, following a failed effort to remove the REIT’s manager at an extraordinary general meeting held last week.
The move comes less… Read More>>
Kowloon Waterfront Residential Site Could Sell for Record-Breaking $2.8B
Nearly a dozen mainland and Hong Kong developers have placed bids on a waterfront residential site that could be worth up to HK$22 billion ($2.82 billion) in Hong Kong’s Cheung Sha Wan area, following Sun Hung Kai’s purchase of an… Read More>>
Greentown Buys Beijing’s Priciest Housing Site of 2017 for $1.3B
Chinese homebuilder Greentown Group has won a piece of residential land in western Beijing for RMB 8.6 billion ($1.3 billion), paying a premium of nearly 20 percent over the reserve price to grab the city’s most expensive site on offer… Read More>>
Swire To Buy Out Residential Site in Hong Kong’s Wanchai for $263M
Leading developer Swire Properties is set to take full ownership of a set of buildings in Hong Kong’s Wanchai district at an auction which values the property for sale at HK$2.06 billion ($263 million). The developer of Pacific Place in… Read More>>
Hong Kong’s Shop King Sells Prime Causeway Bay Site for $122M
Tycoon Tang Shing-bor has sold a pair of buildings next to Hong Kong’s popular Times Square shopping mall for a total of HK$950 million ($122 million), paving the way for the rare parcel in Causeway Bay to be redeveloped… Read More>>
Hong Kong’s IFC Sets New Global Office Rental High at Over $25 Per Square Foot
Two units on a high floor of Hong Kong’s Two ifc skyscraper have been leased out for HK$200 ($25.63) per square foot per month, setting a post-2008 record high for the world’s most expensive office leasing market.
The units covering… Read More>>
CBRE GI Aims $1B at Asia’s Logistics Sector After Latest Fund Close
CBRE Global Investors will be adding more Asian properties to its $98.3 billion in global assets under management, as the Los Angeles-based firm has announced the final closing of a $1 billion Asia real estate fund.
Warehouse-focussed vehicle Asia Value… Read More>>
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