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Michael Cole

Russell Street Causeway Bay

10% of Shops in HK’s Causeway Bay Now Empty and More Asia Real Estate Headlines

2019/09/18 by Michael Cole Leave a Comment

News from the world’s priciest shopping district leads today’s collection of Asia real estate headlines, as a new agency report indicates that nearly one in every ten shops in Hong Kong’s Causeway Bay district are now empty.

While the retail… Read More>>

Hong Kong shopping centre

30% of Hong Kong Retailers Put Staff on Unpaid Leave and More Asia Real Estate Headlines

2019/09/17 by Michael Cole Leave a Comment

A retail slump in Hong Kong, recovering home sales in China and an ongoing hunger for data centres lead today’s collection of real estate news from around Asia.

Months of protests in Hong Kong are adding to misery initially driven… Read More>>

adam neumann Wework

WeWork IPO Said Shelved

2019/09/17 by Michael Cole 1 Comment

Earlier this year bankers from Goldman Sachs were said to speak of WeWork as a company worth as much as $65 billion after it quietly filed for an IPO in late 2018. That valuation could still happen someday, but not… Read More>>

Jang Seung-chul Hana

Blackstone Said to Choose Hana as Preferred Bidder for $1.1B German Complex

2019/09/16 by Michael Cole Leave a Comment

Blackstone is preparing to sell Germany’s largest office building to a Korean investor, with Hana Financial Investment said to have entered into exclusive negotiations to purchase a Frankfurt property from the US investment giant for KRW 1.3 trillion (1.1 billion).

… Read More>>

carrie liang k11

Asia Real Estate People in the News 2019-09-16

2019/09/16 by Michael Cole Leave a Comment

A change in financial management at Hong Kong-listed SRE Group kicks off this week’s collection of real estate professionals finding new jobs, as troubles at the company’s cash-strapped parent appear to ripple into the operations of the cross-border investment specialist…. Read More>>

ESR IPO

ESR Refiles for Hong Kong IPO as Market Recovers

2019/09/15 by Michael Cole Leave a Comment

Warburg Pincus-backed warehouse investment platform ESR plans to re-launch an initial public offering in Hong Kong, with the company having filed an updated prospectus with the city’s stock exchange late on Thursday.

ESR, which manages $20.2 billion in assets across… Read More>>

adam neumann-tb

WeWork Valuation Said to Sink to $10B as IPO Roadshow Kicks Off

2019/09/14 by Michael Cole Leave a Comment

The owners of WeWork have decided to push forward with an IPO roadshow starting this coming week, according to media reports, but that sale may be at a valuation as much as 79 percent below what shares in the company… Read More>>

Freddy Lee SOCAM

Freddy Lee Named SOCAM CEO as Shui On Group Shuffles Leadership

2019/09/13 by Michael Cole Leave a Comment

Former Shui On Land CEO Freddy Lee Chun-kong is re-ascendant at tycoon Vincent Lo’s Shui On Group as SOCAM Development Ltd announced this week that Lee will take the helm of the Hong Kong-listed company as Chief Executive Officer on… Read More>>

Raymond Kwok Sun Hung Kai

Sun Hung Kai Says Hong Kong Hotels Now Half-Empty and More Asia Real Estate Headlines

2019/09/13 by Michael Cole Leave a Comment

News of the impact of Hong Kong’s economic slump on even its biggest players leads today’s headline roundup as the city’s biggest developer reveals that some of its hotels are now only half-occupied while its shopping centres suffer a lack… Read More>>

stephen schwarzman blackstone

Blackstone Buys Out India Office Portfolio for INR 44B, Checks Out Warehouse Deal

2019/09/12 by Michael Cole Leave a Comment

Blackstone has reached an agreement to take control of an Indian office portfolio and is said to be negotiating its first logistics investment in the south Asian nation.

Following the successful launch of its Embassy Office Parks REIT in March… Read More>>

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