Colliers International this week announced the appointment of former Cushman & Wakefield executive Martin Chavez as Senior Director of Corporate Solutions for Asia Pacific as the international property consultancy continues to add to its top management team in the region.
Shu Qi Buys $16M Hong Kong Apartment and More Asia Real Estate Headlines
Movie stars finally make their way into Mingtiandi today as Taiwanese glamour gal Shu Qi gives a low-key celebrity endorsement to a Hong Kong project with her recent HK$127 million purchase of a home in the mid-levels tower. Meanwhile, Swire… Read More>>
Henderson, Lai Sun Said to Sell Tsim Sha Tsui Tower for HK$4.1B
Hong Kong developers Henderson Land and Lai Sun have reached an agreement to sell 8 Observatory Road, a vertical retail building in Hong Kong’s Tsim Sha Tsui area for HK$4.1 billion ($522 million), according to market sources who spoke with… Read More>>
Logos Buys Melbourne Logistics Site for Reported A$28M
APAC warehouse platform Logos Property announced late last week that it had purchased a 27.5 hectare industrial site in the western suburbs of Melbourne, with market sources cited in local media indicating that the Sydney-and-Shanghai-based developer had paid A$28 million ($20.9… Read More>>
Asia Real Estate People in the News 2018-07-09
A set of board level changes lead this week’s look at who’s changing places in Asia’s real estate world, as an Anbang executive appears to be exiting a role as some of the mainland’s leading corporates, and Korea’s biggest pension… Read More>>
Blackstone Buys Chennai Offices From Indiabulls for $124M
The world’s biggest landlord is adding to its assets in its most profitable market as Blackstone was revealed this week as having agreed to purchase a Chennai office complex for Indian rupees 8.5 billion ($123.6 million).
Under the terms of… Read More>>
Savills IM Chief Justin O’Connor Quits One Month Before Move to Hong Kong
The challenges of finding a new home in Hong Kong may be too much even for top property fund managers as Savills Investment Management’s chairman and chief executive Justin O’Connor announced his resignation yesterday, just one month before he was… Read More>>
ESR Buys Aussie Warehouse Developer for A$103M, Hires Phil Pearce as CEO
Pan-Asian warehouse investment platform ESR has gone full APAC with its A$102.5 million ($76 million) buyout of Australian real estate heavyweight Charter Hall’s Commercial & Industrial Property Pty Ltd (CIP), as part of the group’s formal establishment of ESR Australia.
In… Read More>>
China Orient Predicts Surge in Bad Real Estate Loans and More Asia Real Estate Headlines
China’s turbulent financial markets lead today’s real estate news from around the region as one of the mainland’s four major “bad asset banks” predicts trouble for overstretched developers. Despite the turmoil further north, investors in Singapore are still showing enthusiasm… Read More>>
Shui On Leads RMB 13.6B Purchase of Commercial Site Near Shanghai’s Xintiandi
In a joint effort with a pair of state-owned mainland partners, Xintiandi developer Shui On Land has won a government tender for a 78,256 square metre (842,340 square foot) prime commercial site near Shanghai’s Huaihai Lu with a bid of… Read More>>
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