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Asia Real Estate People in the News 2019-08-26

2019/08/26 by James Hatton Leave a Comment

In this week’s edition of People in the News, 88-year-old Kushal Pal Singh has resigned as chairman of India developer DLF, while agreeing to carry on as a non-executive director, and M&G Real Estate establishes a presence down under with… Read More>>

In this week’s edition of People in the News, 88-year-old Kushal Pal Singh has resigned as chairman of India developer … Read more>>>

Anna Pawlak-Kuliga IKEA

IKEA to Invest RMB 10B in China Operations

Anna Pawlak-Kuliga IKEA

2019/08/25 by Jan Kot Leave a Comment

Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in a bid to upgrade and expand its store network and boost its e-commerce offerings in the country.

The planned investment… Read More>>

Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in … Read more>>>

Japan’s Mori Breaks Ground on JPY 580B Tokyo Project

2019/08/25 by James Hatton Leave a Comment

Urban developer Mori Building has broken ground on a JPY 580 billion ($5.4 billion) “city within a city” in central Tokyo, according to an announcement by the company.

The multi-purpose development, which will feature Japan’s tallest skyscraper, aims to transform… Read More>>

Urban developer Mori Building has broken ground on a JPY 580 billion ($5.4 billion) “city within a city” in central … Read more>>>

yu liang vanke

China Vanke Buys Site in Hong Kong’s North Point for HK$580M

yu liang vanke

2019/08/25 by Iris Poon Leave a Comment

Mainland developer China Vanke on Thursday acquired a HK$580 million ($74 million) site in Hong Kong’s North Point neighborhood that is earmarked for a commercial or mixed-use development.

The company’s Vanke Property (Hong Kong) arm picked up the 4,300-square-foot (3,995-square-metre)… Read More>>

Mainland developer China Vanke on Thursday acquired a HK$580 million ($74 million) site in Hong Kong’s North Point … Read more>>>

Singapore REIT Launches S$102M Offering to Fund Aussie Buy and More Asia Real Estate Headlines

2019/08/23 by James Hatton Leave a Comment

Australia leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Singapore-listed REIT has launched a preferential offering to raise funds to acquire a grade A office in Adelaide.

In other news around the… Read More>>

Australia leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Singapore-listed … Read more>>>

Jon-Paul Toppino pag

PAG Targets $2B for SCREP VII Opportunistic Fund

Jon-Paul Toppino pag

2019/08/23 by James Hatton Leave a Comment

Less than two years after raising $1.9 billion for Secured Capital Real Estate Partners VI fund (SCREP VI), Hong Kong-based alternative investment manager PAG has begun raising fund for its next opportunistic vehicle, according to market sources cited in a… Read More>>

Less than two years after raising $1.9 billion for Secured Capital Real Estate Partners VI fund (SCREP VI), Hong … Read more>>>

yang jie china-mobile

China Mobile Leases Floor in Kowloon Commerce Centre to Expand 5G Service

yang jie china-mobile

2019/08/23 by Jan Kot Leave a Comment

Hong Kong’s office market may be mired in a slowdown, but one of mainland China’s biggest telecom providers is committing to more space in the city as it gets ready expand its 5G mobile service.

Telecom giant China Mobile has… Read More>>

Hong Kong's office market may be mired in a slowdown, but one of mainland China's biggest telecom providers is … Read more>>>

VIctor Li Ck Asset

Li Ka-Shing’s CK Asset Tells Hong Kong Hotel Staff to Take Unpaid Leave

VIctor Li Ck Asset

2019/08/23 by Jan Kot Leave a Comment

A property conglomerate owned by Hong Kong’s richest man is taking care to conserve its cash amidst the city’s current economic challenges, by putting staff at many of its hotels on unpaid, leave according to local media reports.

CK Asset… Read More>>

A property conglomerate owned by Hong Kong's richest man is taking care to conserve its cash amidst the city's current … Read more>>>

Lee Shau Kee

Henderson Land H1 Property Revenue Plunges 68% and More Asia Real Estate Headlines

Lee Shau Kee

2019/08/22 by James Hatton Leave a Comment

Hong Kong’s property woes lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the developer founded by Kong Kong’s second-richest man has recorded a steep decline in revenue from its property business for… Read More>>

Hong Kong’s property woes lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that … Read more>>>

guo wengui

Guo Wengui’s Beijing Office Tower Sold on Taobao for RMB 5.2B

guo wengui

2019/08/22 by Jan Kot Leave a Comment

With its erstwhile owner ensconced in at Manhattan penthouse hurling insults at China’s ruling communist party, a Beijing office tower was sold for RMB 5.2 billion ($730 million) this week on a bad asset website operated by Alibaba’s Taobao.

Yu… Read More>>

With its erstwhile owner ensconced in at Manhattan penthouse hurling insults at China's ruling communist party, a … Read more>>>

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