With uncertainty plaguing Hong Kong’s economy as political unrest and the lingering effect of the coronavirus pandemic continues to hamper business, rents slid 2.2 percent in May and vacancies reached numbers not seen since the global financial crisis of 2008.
Knight Frank Appoints New Consultancy, Research Heads in Singapore
Real estate brokerage firm Knight Frank announced this week that it is bolstering its consultancy and research teams in Singapore by bringing on a pair of industry veterans to lead each department.
The company’s group managing director in the country… Read More>>
SGX-Listed Eagle Hospitality Trust Reveals Fresh Defaults, Liens
Cash-strapped and handcuffed by the pandemic, Eagle Hospitality Trust announced its latest series of defaults and litigation in a filing to the Singapore Exchange on Sunday.
EHT, comprised of Eagle Hospitality REIT and Eagle Hospitality Business Trust, said that the… Read More>>
Asia Real Estate People in the News 2020-06-22
In this week’s edition of People in the News, workspace sharing giant WeWork expands the role of a company director in Shanghai, while Barings snaps up a longtime Challenger Real Estate hand to head its Asia Pacific real estate operations… Read More>>
WeWork Gives Up Location in Hong Kong’s Central, City Footprint Cut by 30%
WeWork continues to struggle in the world’s most expensive office market as Industry sources confirmed to Mingtiandi late this past week that the shared workspace provider has abandoned it fourth location in the city since late last year.
After having… Read More>>
ESR Closes on $1B Korea Logistics JV with APG, CPPIB
ESR has closed on a $1 billion joint venture with longstanding partners Canada Pension Plan Investment Board (CPPIB) and Dutch pension manager APG Asset Management to develop industrial real estate projects in South Korea, as the Hong Kong-listed logistics developer… Read More>>
Movie Star’s Beauty Brand Buys Shanghai Building From Tishman Speyer for RMB 1.8B
Selling face cream is not the usual path to owning large commercial buildings but, with some help from WeChat, a Chinese beauty products brand controlled a by a celebrity couple just purchased a Pudong office block for RMB 1.76 billion… Read More>>
Alpha, Manulife Team with Indonesian Builder for $200M Warehouse JV
Singapore-based Alpha Investment Partners Limited has joined forces with a subsidiary of Manulife Financial Corporation and Indonesian warehouse specialist PT Mega Manunggal Property Tbk (MMP) for a new $200 million logistics investment in Jakarta, according to an announcement to the… Read More>>
Asia Real Estate People in the News 2020-06-15
In this week’s edition of People in the News, Shanghai-based Qingke promotes a company director to COO as the apartment rental start up , while a well-known Hong Kong real estate leader launches a new investment firm for popular travel… Read More>>
Dutch Investor Commits $65M to Nuveen APAC Fund
Nuveen Real Estate received a shot of additional capital for its Asia Pacific Cities strategy recently as an unnamed Dutch investor committed $65 million to the US-based company’s core strategy in the region.
In announcing the investment late last week,… Read More>>
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