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Chang Rui Hua ESR

ESR Gets Green Light from Hong Kong Exchange for Proposed Logistics C-REIT

Chang Rui Hua ESR

2023/03/06 by Greg Isaacson Leave a Comment

The Stock Exchange of Hong Kong has approved ESR’s proposed spin-off of three mainland logistics projects and their potential listing through a China REIT on the Shanghai Stock Exchange, marking a step forward in the planned transaction as the recently… Read More>>

The Stock Exchange of Hong Kong has approved ESR’s proposed spin-off of three mainland logistics projects and their … Read more>>>

Black Kite founder Richard Brooks

China’s Black Kite Adds Four Jiangsu Warehouse Projects to Pipeline

Black Kite founder Richard Brooks

2023/03/06 by Greg Isaacson Leave a Comment

Chinese logistics specialist Black Kite is expanding its footprint in the Yangtze River Delta, embarking on four new warehouse projects totalling 441,275 square metres (more than 4.7 million square feet) in recent weeks, as industry insiders flag continued growth in… Read More>>

Chinese logistics specialist Black Kite is expanding its footprint in the Yangtze River Delta, embarking on four new … Read more>>>

WEE EE LIM UOL Group

Asia Real Estate People in the News 2023-03-06

WEE EE LIM UOL Group

2023/03/06 by Michael Cole Leave a Comment

Generational change leads this week’s set of personnel moves from Asia’s real estate community with 94-year-old tycoon Wee Cho Yaw deciding to take a step back from one of the Singapore-listed companies under his leadership. Also in the news are… Read More>>

Generational change leads this week’s set of personnel moves from Asia’s real estate community with 94-year-old tycoon … Read more>>>

Ben Keswick Hongkong Land

Hongkong Land Says 2022 Underlying Profit Fell 20% on Mainland China Troubles

Ben Keswick Hongkong Land

2023/03/05 by Christopher Caillavet Leave a Comment

Regional developer Hongkong Land said its underlying profit in 2022 fell 20 percent year-on-year to $776 million on declining contributions from residential projects in mainland China.

According to Hongkong Land’s preliminary results issued Thursday, the group’s profit attributable to shareholders… Read More>>

Regional developer Hongkong Land said its underlying profit in 2022 fell 20 percent year-on-year to $776 million on … Read more>>>

Lim Hua Tiong of Frasers Vietnam

Singapore’s Frasers in $250M Vietnam Industrial JV with Hanoi’s Gelex

Lim Hua Tiong of Frasers Vietnam

2023/03/05 by Beatrice Laforga Leave a Comment

Frasers Property is adding a second industrial joint venture to its business in Southeast Asia’s fastest growing economy as the company introduces a VND 6 trillion ($250 million) strategy to develop and operate warehouses and manufacturing space across northern Vietnam.

… Read More>>

Frasers Property is adding a second industrial joint venture to its business in Southeast Asia’s fastest growing economy … Read more>>>

Mandarin Oriental Washington, DC

Mandarin Oriental Swings to Underlying Profit as Revenue Tops Pre-COVID Levels

Mandarin Oriental Washington, DC

2023/03/05 by Christopher Caillavet Leave a Comment

Hong Kong-based Mandarin Oriental International announced a return to underlying profit in last year’s preliminary results as the hotel group’s revenue surpassed pre-pandemic levels.

The Jardine Matheson-controlled chain posted an underlying profit attributable to shareholders of $8 million for the… Read More>>

Hong Kong-based Mandarin Oriental International announced a return to underlying profit in last year’s preliminary … Read more>>>

Skyscrapers Jardine House and Exchange Square in the central business district on Hong Kong Island, Hong Kong

Jardine Matheson Underlying Earnings Climb 5% and More Asia Real Estate Headlines

Skyscrapers Jardine House and Exchange Square in the central business district on Hong Kong Island, Hong Kong

2023/03/05 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Hong Kong’s Jardine Matheson reports improved underlying earnings, and US private equity giant Blackstone reportedly defaults on a euro-denominated commercial mortgage-backed security.

Jardine Matheson Posts Higher Underlying Earnings, Eyes Beefed-Up… Read More>>

In today’s roundup of regional news headlines, Hong Kong’s Jardine Matheson reports improved underlying earnings, and US … Read more>>>

Alysia Reilly of Hines

Hines Buys Queensland Cold Storage Property for APAC Flagship Fund

Alysia Reilly of Hines

2023/03/03 by Christopher Caillavet Leave a Comment

US developer and investment manager Hines has acquired a cold storage property in Queensland on behalf of its flagship Asia Pacific fund, marking the vehicle’s second acquisition in the northeast Australian state and seventh industrial asset overall in the country.

… Read More>>

US developer and investment manager Hines has acquired a cold storage property in Queensland on behalf of its flagship … Read more>>>

Darren Webb Evolution Data Centres

Warburg-Backed Evolution to Develop $300M Philippine Data Centre With Megawide

Darren Webb Evolution Data Centres

2023/03/02 by Christopher Caillavet Leave a Comment

Evolution Data Centres is teaming with a local partner to build and operate a 69-megawatt data centre in the Philippines at a total project cost of $300 million, as the Warburg Pincus-backed firm targets digital infrastructure investments in Southeast Asia’s… Read More>>

Evolution Data Centres is teaming with a local partner to build and operate a 69-megawatt data centre in the Philippines … Read more>>>

Raymond Kwok of Sun Hung Kai Properties (Getty Images)

Hong Kong’s SHKP Wins Mong Kok Commercial Site for $602M

Raymond Kwok of Sun Hung Kai Properties (Getty Images)

2023/03/02 by Greg Isaacson Leave a Comment

Hong Kong’s Lands Department has awarded Sun Hung Kai Properties (SHKP) a site in Kowloon’s Mong Kok area at a price of HK$4.73 billion ($602 million), clinching the city’s first commercial land sale of the year at a value significantly… Read More>>

Hong Kong’s Lands Department has awarded Sun Hung Kai Properties (SHKP) a site in Kowloon's Mong Kok area at a price of … Read more>>>

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