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Guy Bradley of Swire Properties

Swire Properties Warns of 70% Profit Plunge on Investment Losses

Guy Bradley of Swire Properties

2023/12/27 by Christopher Caillavet Leave a Comment

Swire Properties on Tuesday warned of a 70 percent drop in full-year profit for 2023, laying the blame on a HK$4.5 billion ($580 million) valuation loss in the developer’s investment portfolio.

Hong Kong-based Swire Properties cited a lower fair-value gain… Read More>>

Swire Properties on Tuesday warned of a 70 percent drop in full-year profit for 2023, laying the blame on a HK$4.5 … Read more>>>

Cheng Kar-Shun, NWD

New World Taps China Resources to Develop $1.3B New Territories Residential Project

Cheng Kar-Shun, NWD

2023/12/27 by Christopher Caillavet Leave a Comment

New World Development has teamed with state-controlled China Resources Land on a residential joint venture worth a reported HK$10 billion ($1.28 billion), giving the debt-laden Hong Kong builder a chance to raise cash from farmland it owns in the New… Read More>>

New World Development has teamed with state-controlled China Resources Land on a residential joint venture worth a … Read more>>>

Nomura Real Estate president Satoshi Arai

Nomura Buying Japanese Hotel Manager From Rail Operator Odakyu for $126M

Nomura Real Estate president Satoshi Arai

2023/12/27 by Poonyapat Luenam Leave a Comment

Nomura Real Estate Holdings is buying a Japanese hotel operator from Odakyu Electric Railway as the infrastructure firm continues to struggle with the lingering impact of the pandemic on the travel industry.

Odakyu announced last week that it is divesting… Read More>>

Nomura Real Estate Holdings is buying a Japanese hotel operator from Odakyu Electric Railway as the infrastructure firm … Read more>>>

Sekisui House REIT executive director Atsuhiro Kida

Sekisui House REIT Picking Up Tokyo Apartments, Office Tower for $77M

Sekisui House REIT executive director Atsuhiro Kida

2023/12/27 by Poonyapat Luenam Leave a Comment

Sekisui House REIT has made its biggest splash of 2023, with the TSE-listed trust having announced the acquisition of three Tokyo rental residential assets and an office building in the capital’s Shinjuku district for a total of JPY 11 billion… Read More>>

Sekisui House REIT has made its biggest splash of 2023, with the TSE-listed trust having announced the acquisition of … Read more>>>

Founder of Vietnam’s Novaland Selling Down Stake and More Asia Real Estate Headlines

2023/12/27 by Ponrath Sopannarath Leave a Comment

Vietnamese developer leads today’s collection of real estate headlines as the family behind Novaland sells down its controlling stake to keep the company afloat. Also in the news, China’s central bank replaces its second deputy governor this month and Korean… Read More>>

Vietnamese developer leads today’s collection of real estate headlines as the family behind Novaland sells down its … Read more>>>

Wilson Leung Angelo Gordon

Angelo Gordon Selling Yokohama Office Tower to Orix JREIT for $142M

Wilson Leung Angelo Gordon

2023/12/26 by Poonyapat Luenam Leave a Comment

An Angelo Gordon fund is selling an 18-storey office tower in Japan’s Yokohama city for JPY 20 billion ($142 million) to Orix JREIT.

The TSE-listed trust announced on Monday that it will acquire Shinyokohama Square Building, 36 kilometres (22 miles)… Read More>>

An Angelo Gordon fund is selling an 18-storey office tower in Japan’s Yokohama city for JPY 20 billion ($142 million) to … Read more>>>

Shaw Towers

Downtown Singapore Office Rent Growth Set to Slow to 2% in 2024 as Supply Surges

Shaw Towers

2023/12/26 by Christopher Caillavet Leave a Comment

Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a surge in new supply, according to Cushman & Wakefield.

After rising 6.5 percent in 2022 and an… Read More>>

Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a … Read more>>>

Joe Tsai - Alibaba

Hong Kong Warehouse Rents Fell 0.5% in Q3 Amid Trade Weakness

Joe Tsai - Alibaba

2023/12/26 by Christopher Caillavet Leave a Comment

Warehouse rents in Hong Kong declined 0.5 percent year-on-year in the third quarter of 2023 as logistics demand continued to diminish and warehouse tenants refrained from actively seeking expansion opportunities, according to Savills.

The Asian finance hub’s logistics sector has… Read More>>

Warehouse rents in Hong Kong declined 0.5 percent year-on-year in the third quarter of 2023 as logistics demand … Read more>>>

Ming Mei

GCP Reaches $420M Final Close on China Income Fund and More Asia Real Estate Headlines

Ming Mei

2023/12/26 by Ponrath Sopannarath Leave a Comment

Industrial giant GLP leads the region’s real estate headlines on Boxing Day, with the company raising another $420 million with the closing of a mainland income fund. Also in the news, tiny Singapore is set to get a bit bigger… Read More>>

Industrial giant GLP leads the region’s real estate headlines on Boxing Day, with the company raising another $420 … Read more>>>

John Corcoran Global Switch

Asia Real Estate People in the News 2023-12-25

John Corcoran Global Switch

2023/12/25 by Michael Cole Leave a Comment

In this special Christmas edition of People in the News, the boss of a leading data centre operator heads for new horizons, one of China’s biggest real estate investors names a new chairman following a corruption scandal and Shanghai announces… Read More>>

In this special Christmas edition of People in the News, the boss of a leading data centre operator heads for new … Read more>>>

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