Grade A office rents in Shanghai continued their downward slide in the fourth quarter of 2019 as the citywide vacancy rate hit 20 percent, according to a report published by Cushman & Wakefield this week.
Amid a glut of space… Read More>>
India’s Park Hotels Files for INR 10B IPO and More Asia Real Estate Headlines
Luxury hotels lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that an Indian hospitality group has filed paperwork for a $139 million initial public offering.
In other news around the region, a Mumbai-based… Read More>>
LV to Close Store in Hong Kong’s Causeway Bay Amid Collapsing Sales
Louis Vuitton is set to become the second major fashion brand to opt not to renew a lease in Hong Kong since the start of the city’s pro-democracy protests seven months ago, as retail sales plunge in the Asian financial… Read More>>
Asia Real Estate People in the News 2020-01-06
In this week’s edition of People in the News, the mainland China arm of Hong Kong-listed New World Development has made some top-level changes, while a Beijing-based property group has appointed a group president following the retirement of the previous… Read More>>
Mitsubishi Estate Said Doubling Overseas Property Fund to $9B
Mitsubishi Estate Corporation is looking to double the size of its overseas property investment platform to JPY 1 trillion ($9 billion), according to a report in the Nikkei Asian Review.
The Japanese property giant plans to expand the low-risk, long-term… Read More>>
Greenland Group Sells RMB 7.5B Trio of Office Buildings in Shanghai Bund Project
Haitong Securities has agreed to buy a trio of office buildings worth a combined RMB 7.5 billion ($1 billion) in a Greenland Group project on Shanghai’s Bund, according to announcements last week by units of the mainland investment bank.
The… Read More>>
Thomas Kwok Returns to SHK After Prison Sentence and More Asia Real Estate Headlines
A disgraced property tycoon leads the way in Mingtiandi’s roundup of real estate headlines today with the news that, nine months after completing a prison sentence for bribery, the real estate mogul is returning to the family business.
Korean Consortium Notches Belgium’s Biggest Deal Ever with €1.4B Brussels Buy
A South Korean-led consortium is said to have completed its purchase of the Finance Tower in Brussels, notching the highest value purchase ever of a single property in Belgium, according to an account in the Korea Economic Daily.
The Meritz… Read More>>
ARA Completes Purchase of Singapore’s Robinson Centre for Reported S$340M
ARA Asset Management has announced that it has completed the purchase of Singapore’s Robinson Centre on behalf of one of its private real estate funds, marking the second acquisition by the Warburg Pincus-backed investment manager in just under two weeks.
Wheelock Hands Over 500,000 Sq Ft of Land for HK$1 and More Asia Real Estate Headlines
A charitable loan leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Hong Kong developer has offered the use of 500,000 square feet of land to the government for social housing for… Read More>>
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