Swire Properties has taken another step toward fulfilling a HK$50 billion ($6.4 billion) mainland China investment plan by partnering with state-owned China Tourism Group Duty Free Corporation Limited (CTG Duty Free) to develop a resort-style retail complex in Hainan province.
AEW, KKR, Savills See Singapore Rising on HQ Demand, Return to Office
https://player.vimeo.com/video/762882381?h=900347fa31Video can’t be loaded because JavaScript is disabled: Singapore Value-Add and Opportunistic Strategies – MTD TV (https://player.vimeo.com/video/762882381?h=900347fa31)
Despite rate hikes and economic uncertainty, real estate investment experts from AEW, KKR and Savills see robust demand driving… Read More>>
Sino-Ocean Selling Remaining Stake in Beijing Office Tower to China Life for $32M
Embattled Chinese builder Sino-Ocean Group Holding has received a bailout from its largest shareholder China Life Insurance (Group) Company.
Sino-Ocean Group will sell its entire 10 percent stake in the China Life Financial Centre office tower in Beijing to two… Read More>>
Singapore’s TE Capital Makes $100M Tokyo Rental Residential Buy
Singapore’s TE Capital Partners has agreed to pay $100 million to acquire a set of 16 Tokyo rental residential properties on behalf of a family office client, as Japan’s multi-family sector continues to win favour with investors.
TE Capital, which… Read More>>
CapitaLand Buys Beijing Office Tower at Court Auction for $282M
CapitaLand Investment (CLI) sees China’s property downturn as an opportunity to expand its mainland holdings with the company acquiring an office building near Beijing’s embassy area this week through a court-arranged auction.
With the Chinese capital in the depths of… Read More>>
Warburg Pincus-Backed StorHub Expands Hong Kong Footprint with Kowloon Buy
A Warburg Pincus-backed self-storage operator continues to expand its presence in Hong Kong with a Kowloon acquisition which marks its fourth reported purchase of new space in the city so far this year.
Storhub, which ranks as Singapore’s largest self-storage… Read More>>
K Wah Joint Venture Buys Site in Shanghai’s Xuhui District for $516M
Despite the gloomy outlook for the mainland property market K Wah International Holdings teamed with two state-owned partners in a government land sale to purchase a mixed-use site in Shanghai’s Xuhui district for the reserve price of RMB 3.73 billion… Read More>>
Shanghai’s CIFI Defaults on Offshore Bond Despite Government Support
CIFI Holdings said on Thursday that it has failed to make payments due on offshore debts, with creditors indicating that it defaulted on a payment on a HK$2.5 billion ($318 million) convertible bond due on 8 October.
A notice… Read More>>
China Evergrande Seeks Extension for $293M Onshore Bond
China Evergrande Group will meet with holders of a RMB 2.1 billion (US$293 million) onshore bond this Thursday and Friday in a bid to extend the interest payment date by six months as the embattled property developer struggles to meet… Read More>>
Invesco Relocates to Jardine House in Central, UBS Moves Office to West Kowloon
US asset manager Invesco is shifting its Asia Pacific headquarters to Hongkong Land’s Jardine House and UBS will take an anchor space in Sun Hung Kai Properties’ West Kowloon rail terminal project as global financial giants align their corporate homes… Read More>>