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Mantex Industrial Building Tsuen Wan

Tsuen Wan Industrial Building Bought Up for HK$258M

Mantex Industrial Building Tsuen Wan

2017/10/21 by Michael Cole Leave a Comment

Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed hands recently for HK$258 million ($33 million).

According to information released last week by the city’s Lands Department,… Read More>>

Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed … Read more>>>

Michael Wong Wai-lun

Decaying Workshop Sells for $158M in HK’s Tsuen Wan, Appreciating 808-Fold

Michael Wong Wai-lun

2017/10/18 by Greg Isaacson Leave a Comment

An ageing industrial building in Hong Kong’s Tsuen Wan district has changed hands for HK$1.23 billion ($157.5 million) – appreciating nearly 81,000 percent over the past 45 years – reflecting investor enthusiasm for the asset class as the city government… Read More>>

An ageing industrial building in Hong Kong's Tsuen Wan district has changed hands for HK$1.23 billion ($157.5 million) – … Read more>>>

Li Ka-shing

Li Ka-shing Said Selling Hong Kong’s The Center to Mainland Group for $5.2B

Li Ka-shing

2017/10/16 by Greg Isaacson Leave a Comment

Hong Kong’s richest man is reportedly selling his most valuable building, The Center office tower, for a record price of HK$40.2 billion ($5.15 billion). Li Ka-shing’s CK Asset Holdings – formerly Cheung Kong Property Holdings – agreed to dispose of… Read More>>

Hong Kong's richest man is reportedly selling his most valuable building, The Center office tower, for a record price of … Read more>>>

Rushabh Desai

Allianz Sets Up $500M India Office Fund with Shapoorji Pallonji Group

Rushabh Desai

2017/10/14 by Michael Cole Leave a Comment

German financial giant Allianz this week announced that it has partnered with India’s Shapoorji Pallonji Group to establish SPREF II, a Singapore-domiciled, Indian rupee-denominated fund that aims to raise the equivalent of $500 million for real estate investments in India.

… Read More>>

German financial giant Allianz this week announced that it has partnered with India’s Shapoorji Pallonji Group to … Read more>>>

Douglas Woo Wheelock

Wharf Sells Kowloon East Office Project to Mainland Group for $1.2B

Douglas Woo Wheelock

2017/10/12 by Greg Isaacson 1 Comment

Hong Kong’s Kwun Tong district has chalked up another landmark transaction, with Wheelock subsidiary Wharf Group selling a waterfront office tower project to mainland developer LVGEM for HK$9 billion ($1.2 billion), in one of the biggest real estate deals in… Read More>>

Hong Kong's Kwun Tong district has chalked up another landmark transaction, with Wheelock subsidiary Wharf Group selling … Read more>>>

Vincent Lo Shui On

Shui On Sells 49% Stake in Shanghai KIC Project for $443M

Vincent Lo Shui On

2017/10/11 by Greg Isaacson Leave a Comment

Shui On has agreed to sell a 49 percent stake in its mixed-use Knowledge and Innovation Community (KIC) project in Shanghai for RMB 2.95 billion ($443.1 million), as chairman Vincent Lo continues to bail out the developer’s balance sheet.

Through… Read More>>

Shui On has agreed to sell a 49 percent stake in its mixed-use Knowledge and Innovation Community (KIC) project in … Read more>>>

Zhu Mengyi Hopson Development

Hopson JV Sells Beijing Office Tower for $553M, Books 9% Loss

Zhu Mengyi Hopson Development

2017/10/11 by Greg Isaacson Leave a Comment

A joint venture invested by Hopson Development and mainland asset manager, BMI Funds Ltd, has agreed to sell a Beijing office tower for RMB 3.67 billion ($552.6 million), according to an announcement by the Hong Kong-listed mainland developer.

Hopson, which holds… Read More>>

A joint venture invested by Hopson Development and mainland asset manager, BMI Funds Ltd, has agreed to sell a Beijing … Read more>>>

Singapore’s CDL Offers to Buy Out Millennium & Copthorne Hotels in $822M Deal

2017/10/10 by Greg Isaacson Leave a Comment

Singaporean property heavyweight City Developments Limited (CDL) has offered to buy out the outside investors in its Millennium & Copthorne Hotels, in a deal that values the London-listed global hotelier at £1.8 billion ($2.4 billion).

CDL, which already holds a… Read More>>

Singaporean property heavyweight City Developments Limited (CDL) has offered to buy out the outside investors in its … Read more>>>

Christina Tan Keppel Capital

Keppel Wins Approval to List $500M US Office REIT in Singapore

Christina Tan Keppel Capital

2017/10/08 by Michael Cole Leave a Comment

Keppel Corporation announced on Friday that it has received approval from the Singapore stock exchange for a proposed listing of a new real estate investment trust (REIT), composed of $820 million in US office assets.

The Singaporean conglomerate, which already… Read More>>

Keppel Corporation announced on Friday that it has received approval from the Singapore stock exchange for a proposed … Read more>>>

Henderson-Managed Sunlight REIT Buys Mong Kok Tower for $84M

2017/09/28 by Greg Isaacson Leave a Comment

Hong Kong’s Sunlight REIT, which is managed by a unit of Henderson Land Development, has announced that it is buying a commercial building on Nathan Road in Mong Kok for HK$658 million ($84.3 million). Through the sale-and-leaseback deal, the REIT… Read More>>

Hong Kong's Sunlight REIT, which is managed by a unit of Henderson Land Development, has announced that it is buying a … Read more>>>

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