Leading today’s headlines, Hong Kong wakes up to a new one country, one set of SOEs system, Asia’s biggest REIT pays out 8.7 percent to its unit-holders and Singapore gets ready to put two more public housing projects up for… Read More>>
Mandarin Oriental Could Make $3.4B From Excelsior Hotel Sale
Hong Kong’s Mandarin Oriental Hotel group began testing buyer interest in the Excelsior Hotel in the city’s Causeway Bay district for a sale that could bring the Jardines-owned luxury hotel brand as much as HK$27 billion ($3.4 billion).
The London… Read More>>
Divorce Could Be Driving HK’s Sky-High Home Prices and More Asia Real Estate Headlines
At the top of today’s headlines, a Hong Kong academic finds that a lack of happy families could be adding to the city’s rocketing home prices. Also in the news, China Everbright plans a new US dollar denominated China real… Read More>>
China City Construction Warns on Debt Repayment and More Asia Real Estate Headlines
Debt is our theme in today’s real estate headlines for the region, as a much-trouble mainland construction and property group says it may not be able to pay what it owes on the same day that the country’s most indebted… Read More>>
Asia Real Estate People in the News 2017-06-05
Asia’s community of real estate professionals heads into June with a US-based shared economy unicorn finding a China chief after a long search, and a Hong Kong-listed developer finding its new boss in the usual place where family run companies… Read More>>
Keith Hemshall Joins C&W as Head of Office Services for Hong Kong
Cushman & Wakefield has named Keith Hemshall as the international property consultancy’s Head of Office Services for Hong Kong, according to an announcement from the company. Now an Executive Director with the US-based major, Hemshall takes charge of daily operations… Read More>>
Blackstone Confirms $13.8B Sale of European Logistics Platform to CIC
Ending days of speculation and months of negotiations, Blackstone Group on Friday confirmed an agreement to sell its Logicor European logistics platform to China Investment Corporation (CIC) for €12.25 billion ($13.82 billion).
The sale by a set of funds controlled… Read More>>
Hong Kong Ranked World’s Most Competitive Economy and More Asia Real Estate Headlines
Hong Kong may be the most expensive place to live in the world, but the city seems to give some value for money, according to a new survey by a Swiss business school. Also in the news today, Hong Kong… Read More>>
Ascott REIT Buys Times Square Hotel for $106M in 3rd NYC Acquisition
Ascott Residence Trust purchased a 224 room hotel near New York’s Times Square in the Singapore-listed REIT’s third New York hospitality acquisition in under two years, according to an announcement today by Ascott Residence Trust Management (ARTML), which manages the… Read More>>
Perennial in Exclusive Talks to Buy Out United Engineers and More Asia Real Estate Headlines
Singapore takes centre stage in Asia’s real estate world today as the city state sees a flurry of property activity, including the impending $1.3 buyout of developer United Engineers. Also in the news, Prudential unit PGIM picks up a logistics… Read More>>
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