Thursday night will be a special full moon, as Chinese (and Korean and Vietnamese) people celebrate the Mid-Autumn or Moon Festival by eating cakes that most of them find pretty unappealing and taking a day off from work.
Here at… Read More>>
Prosperity REIT Acquires Kowloon Tower From Phoenix for HK$1.9B
Prosperity REIT has agreed to acquire a 24-storey commercial building in Kowloon’s Kwun Tong area from Phoenix Property Investors, as the two property investment specialists continue to cash in on demand for office space in developing districts of Hong Kong.
GLP Acquires $1.1B US Warehouse Portfolio and More Asia Real Estate Headlines
Leading the headlines today, Asia’s biggest logistics developer just spread its footprint a bit wider with the $1.1 billion acquisition of a US warehouse portfolio, while one of Hong Kong’s biggest developers may get a bit smaller if its new… Read More>>
Schroder Real Estate Hires John Chantrell to Run Asia Business
Schroder Real Estate has appointed John Chantrell to the newly created role of Head of Asian Real Estate as the UK-based asset manager ramps up its presence in the region.
Chantrell, who will be based in Hong Kong, joins Schroders… Read More>>
Sam Zell Re-Ups with ESR – Puts $205M into Japan Warehouse Projects
Sam Zell thinks Asia needs more warehouses, and the Chicago-based real estate magnate has just closed on his first Asian-focused fund, with the objective of profiting from development and operation of new logistics facilities in Japan.
Zell’s Equity International, which… Read More>>
Evergrande Appoints New CFO to Manage Growing Debt Pile
China’s most highly leveraged developer has a new custodian for its growing stack of financial obligations, as Evergrande Real Estate moved out its former CFO in favor of understudy Pan Darong.
Pan took on the role of chief financial officer… Read More>>
K Wah Boss Baffled By HK Market After Losing 16 Land Bids and More Asia Real Estate Headlines
In today’s real estate headlines even one of Hong Kong’s most established property tycoons is feeling the pressure as the city’s land prices soar at the same time that home prices slide. Meanwhile, the city’s biggest developer denies reports it… Read More>>
Wanda Breaks Ground on 95-Story Chicago Tower and More Asia Real Estate Headlines
Leading today’s Asia real estate news is a deal in Chicago, as China’s richest man gets started on that city’s third tallest building, while back in the old world top-five mainland developer Country Garden goes after another megaproject in a… Read More>>
Glorious Property Misses Bond Payment and More China Real Estate Headlines
Leading the news today, troubled Chinese developer Glorious Property has missed a bond payment exactly one year after an early default that was resolved once bondholders got lawyered up. Also in the headlines, Hong Kong homebuilders seem in a hurry… Read More>>
Blackstone, GIC Among Likely Bidders for $1.8B India Deal and More Asia Real Estate Headlines
Some of the world’s biggest real estate investors may be competing for a rare chance for a $1.8 billion stake in one of India biggest property developers, while back in China the government is setting out new rules for foreign… Read More>>
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