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CSI Properties' Harbourside HQ in Kowloon Bay. (Photo: CSI Properties)

Bargain Leases Bring August Thaw to Hong Kong Office Market

CSI Properties' Harbourside HQ in Kowloon Bay. (Photo: CSI Properties)

2023/09/27 by Michael Cole Leave a Comment

After a year-long streak of nearly endless contraction, Hong Kong’s office market crawled into positive territory last month in terms of net area leased, with tenants taking up 229,800 square feet (21,349 square metres) more than they gave up, thanks… Read More>>

After a year-long streak of nearly endless contraction, Hong Kong’s office market crawled into positive territory last … Read more>>>

Evergrande Chairman Detained, Liquidation Looms and More Asia Real Estate Headlines

2023/09/27 by Ponrath Sopannarath Leave a Comment

The mounting woes at China Evergrande, and their impact on China’s property sector, lead today’s collection of real estate headlines from around the region. Vietnam also makes the list with a crisis of its own, and statistics show Greater China… Read More>>

The mounting woes at China Evergrande, and their impact on China’s property sector, lead today’s collection of real … Read more>>>

Fairprice

Mercatus Marketing Singapore Community Retail Portfolio for $194M

Fairprice

2023/09/27 by Beatrice Laforga Leave a Comment

After opening the year selling a trio of mall properties for more than S$2.8 billion, Mercatus Co-operative has headed back to the market with a set of community retail assets carrying a price tag of S$265 million ($194 million).

Marketing… Read More>>

After opening the year selling a trio of mall properties for more than S$2.8 billion, Mercatus Co-operative has headed … Read more>>>

Jennifer Weitzel

GLP Launches Global Data Centre Business as Ada Infrastructure

Jennifer Weitzel

2023/09/26 by Michael Cole Leave a Comment

GLP announced this past week that it has launched a new business, based on its growing data centre assets and operations, to provide digital infrastructure for hyperscale companies and large enterprises.

Branded as Ada Infrastructure, the new company is being… Read More>>

GLP announced this past week that it has launched a new business, based on its growing data centre assets and … Read more>>>

Korea Investment Corporation Headquarters in Seoul, South Korea

Korea’s KIC to Invest $150M in Apollo Fund and More Asia Real Estate Headlines

Korea Investment Corporation Headquarters in Seoul, South Korea

2023/09/26 by Ponrath Sopannarath Leave a Comment

Korea’s growing presence on the global investment stage leads today’s roundup of headlines from around the region, with the country’s sovereign fund investing in a US private equity fund. Also in the news, Evergrande’s woes continue with a missed onshore… Read More>>

Korea’s growing presence on the global investment stage leads today’s roundup of headlines from around the region, with … Read more>>>

IOI Central Boulevard Towers

Downtown Singapore Office Rents Slip For First Time Since Pandemic

IOI Central Boulevard Towers

2023/09/25 by Beatrice Laforga Leave a Comment

Average rents for Grade A offices in Singapore’s central business district fell for the first time in over two years during the third quarter, sliding by 0.3 percent in the face of dipping demand and an influx of new space,… Read More>>

Average rents for Grade A offices in Singapore’s central business district fell for the first time in over two years … Read more>>>

Phil Pearce of ESR

ESR Adds Logistics Site Near Western Sydney Airport Project for $45M

Phil Pearce of ESR

2023/09/25 by Michael Cole Leave a Comment

Industrial specialist ESR is adding to its Australian pipeline with the acquisition of a site near the future Western Sydney airport for A$70 million ($45 million).

With 4.1 million square metres (44 million square feet) of warehouse space already developed… Read More>>

Industrial specialist ESR is adding to its Australian pipeline with the acquisition of a site near the future Western … Read more>>>

Nicole Musicco CALPERS

Asia Real Estate People in the News 2023-09-25

Nicole Musicco CALPERS

2023/09/25 by Michael Cole Leave a Comment

A top level change at a North American pension fund manager leads this week’s collection of personnel moves from around the region with a board shift at China Resources Land also making the list. Manulife US Real Estate Investment Trust… Read More>>

A top level change at a North American pension fund manager leads this week’s collection of personnel moves from around … Read more>>>

Craig Shute Knight Frank

Knight Frank Names Craig Shute Greater China CEO, Brunner on Leave

Craig Shute Knight Frank

2023/09/25 by Michael Cole Leave a Comment

Knight Frank has named new leadership for its Greater China business bringing former JLL and CBRE executive Craig Shute back to Hong Kong for a return engagement.

Shute will take over as chief executive for Greater China at the property… Read More>>

Knight Frank has named new leadership for its Greater China business bringing former JLL and CBRE executive Craig Shute … Read more>>>

Data Centre AirTrunk Headquarters in North Sydney, Australia

Macquarie-Backed AirTrunk Mulls $6.4B IPO and More Asia Real Estate Headlines

Data Centre AirTrunk Headquarters in North Sydney, Australia

2023/09/25 by Ponrath Sopannarath Leave a Comment

A Macquarie-backed data centre operator may be headed to a $6.4 billion IPO, with that story leading our roundup of real estate headlines today. Also in the news, Hong Kong’s relaxed mortgage policies are expected to have little effect on… Read More>>

A Macquarie-backed data centre operator may be headed to a $6.4 billion IPO, with that story leading our roundup of real … Read more>>>

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