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Michael Cole

soh kim soon CRCT

CapitaLand China Retail REIT Expands into Offices with RMB 4.9B Acquisition

2020/11/08 by Michael Cole Leave a Comment

In announcing its third quarter results at the end of October, Capitaland Retail China Trust (CRCT) took care to single out the improved performance of its Rock Square mall in Guangzhou, while also highlighting an expansion of its investment remit… Read More>>

payson cha

HKRI, Hanison Chairman Payson Cha Said to Pass Away at Age 77

2020/11/08 by Michael Cole Leave a Comment

Tycoon Payson Cha is reported to have passed away at age 77 due to a recurrence of pancreatic cancer, according to an account in Hong Kong’s Sing Tao daily.

Cha, who chaired developers Hong Kong Resorts International (HKRI) and Hanison… Read More>>

Singapore’s Eagle Hospitality Trust Defaults on Texas Hotel Loans

2020/11/01 by Michael Cole Leave a Comment

The manager of Eagle Hospitality Trust delivered some scary news to shareholders just before Halloween, revealing to the Singapore stock exchange on Friday that it had received notices of default on loans linked to two of the properties in its… Read More>>

Teresa Ching Wang On

CIFI, Wang On Announce HK$2.6B Development JV on Hong Kong Island

2020/11/01 by Michael Cole Leave a Comment

Two years after launching a residential joint venture in Kowloon East, Hong Kong’s Wang On Properties and Shanghai-based developer CIFI Holdings are teaming up again with a plan to build homes on Hong Kong Island.

The pair of Hong Kong-listed… Read More>>

pan sutong goldin

Hong Kong Court Paves Way for Sale of Goldin’s Kowloon East HQ

2020/10/30 by Michael Cole 2 Comments

Mainland tycoon Pan Sutong has lost his battle for control of his Kowloon East headquarters, as Hong Kong’s High Court today ruled in favour of creditors which had seized the property in July.

The court confirmed that Smart Edge Ltd,… Read More>>

Merlin Swire

Swire in Talks to Sell Cityplaza One in Hong Kong

2020/10/28 by Michael Cole Leave a Comment

Just over one week after its airline division cut 6,000 workers, the property development business of Hong Kong’s Swire Group says it is in talks to dispose of an office building on Hong Kong island.

Swire Properties announced to the… Read More>>

ravi menon mas

Singapore Ready to Remove Manager of Hotel REIT After Legal Breaches

2020/10/27 by Michael Cole Leave a Comment

The Monetary Authority of Singapore has seen enough of the ongoing saga of Eagle Hospitality Trust, with the country’s central bank saying on Monday that it aims to remove the manager of the hotel REIT.

In an announcement on its… Read More>>

ara logos

ARA Logos Logistics Trust Invests S$404M in Logos’ Aussie Assets

2020/10/27 by Michael Cole Leave a Comment

Some 10 months after partnering with Singapore’s ARA Asset Management, Sydney-based Logos Property has achieved one of the major goals of that link-up with a S$404.4 million ($300 million) transaction announced today.

In a two-part deal, ARA Logos Logistics Trust… Read More>>

gu guodong

Asia Real Estate People in the News 2020-10-26

2020/10/26 by Michael Cole Leave a Comment

Today we lead off Mingtiandi’s round up of people moves around the region with some top-level turnover to go with the turmoil at Beijing-based Danke Apartments. Also in the stressed department, WeWork India has named a new CFO, chief counsel… Read More>>

david chan ping chi

Hong Kong Tycoon Sells Floor in the Center for $126.5M as Downturn Drags On

2020/10/25 by Michael Cole Leave a Comment

With tenants continuing to hand back offices in Hong Kong’s traditional business district, a local tycoon has sold off a floor in the Center on Queen’s Road after marketing the commercial asset for two years, according to market sources.

David… Read More>>

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