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Beh Siew Kim, CEO of Ascott REIT

Ascott REIT Sells Ascott Raffles Place in Singapore to Cheong Sim Lam for S$353M

Beh Siew Kim, CEO of Ascott REIT

2019/01/12 by Jan Kot Leave a Comment

Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>

Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, … Read more>>>

KK Chiu Cushman

Edward Cheung Retires, KK Chiu Named Head of Greater China for C&W

KK Chiu Cushman

2019/01/11 by Michael Cole Leave a Comment

Edward Cheung, Chairman of the Asia Pacific Board and Chief Executive Officer for Greater China at Cushman & Wakefield, has announced his retirement from the property consultancy, after more than 26 years with the firm, and ten years as regional… Read More>>

Edward Cheung, Chairman of the Asia Pacific Board and Chief Executive Officer for Greater China at Cushman & … Read more>>>

chen feng HNA

Hongkong Land Said Suing HNA for HK$8.3M in Unpaid Office Fees

chen feng HNA

2019/01/10 by Michael Cole Leave a Comment

Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.

A unit of Hongkong Land is suing HNA Group after… Read More>>

Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office … Read more>>>

jitendra-virani embassy

WeWork May Pay $1B to Buy Out India JV Partner and More Asia Real Estate Headlines

jitendra-virani embassy

2019/01/10 by Michael Cole Leave a Comment

Shared space giant The We Company brought in $2 billion in fresh cash this week, but already $1 billion of that may be on its way out the door, as the New York-based firm formerly known as WeWork seeks to… Read More>>

Shared space giant The We Company brought in $2 billion in fresh cash this week, but already $1 billion of that may be … Read more>>>

wolfgang-egger patrizia

Patrizia Establishes Japan Foothold with Buyout of Tokyo’s Kenzo Capital

wolfgang-egger patrizia

2019/01/10 by Michael Cole Leave a Comment

Germany’s Patrizia Immobilien has acquired Kenzo Capital Corporation, a Tokyo-based real estate advisory and asset management firm, giving the European real estate investment manager its first foothold in Japan.

Augsburg-based Patrizia unveiled the move in an announcement this week noting… Read More>>

Germany’s Patrizia Immobilien has acquired Kenzo Capital Corporation, a Tokyo-based real estate advisory and asset … Read more>>>

Victor Li CK Asset

CK Asset Proposes Converting Hong Kong Hotel into 5,000 Homes

Victor Li CK Asset

2019/01/10 by Jan Kot Leave a Comment

Hong Kong conglomerate CK Asset is proposing to convert a Hong Kong hotel into a 5,000-unit housing estate, the company revealed in a filing with the city’s town planning board.

The listed company controlled by the family of retired tycoon… Read More>>

Hong Kong conglomerate CK Asset is proposing to convert a Hong Kong hotel into a 5,000-unit housing estate, the company … Read more>>>

Chen Feng HNA

HNA Confirms Sale of NYC Tower at $41M Loss

Chen Feng HNA

2019/01/09 by Michael Cole Leave a Comment

HNA Group confirmed today that it has sold a majority stake in a Manhattan office building, as the financially hobbled mainland conglomerate races to sell assets and raise cash.

The parent company of China’s Hainan Airlines said that it had… Read More>>

HNA Group confirmed today that it has sold a majority stake in a Manhattan office building, as the financially hobbled … Read more>>>

ricky lau savills

Hong Kong Office Rents Rose to Record Levels in Q4 Despite Slowdown

ricky lau savills

2019/01/09 by Michael Cole Leave a Comment

Despite a slowdown in the Hong Kong commercial real estate market, office rents in the Asian financial hub rose to record levels in the fourth quarter, reaching an average of HK$146 ($18.62) per square foot per month on a net… Read More>>

Despite a slowdown in the Hong Kong commercial real estate market, office rents in the Asian financial hub rose to … Read more>>>

Embassy's Jitu Virwani

Institutional Investment in Indian Real Estate Hit Record $5.5B in 2018

Embassy's Jitu Virwani

2019/01/09 by Mingtiandi Team Leave a Comment

Institutional investment into India’s real estate sector is estimated to have reached its highest annual level in ten years in 2018, driven by a mix of steady economic growth and ongoing policy changes, according to a report by property consultancy… Read More>>

Institutional investment into India’s real estate sector is estimated to have reached its highest annual level in ten … Read more>>>

Chen Feng HNA

HNA Adds 20 More Assets to Close-Out Sale and More Asia Real Estate Headlines

Chen Feng HNA

2019/01/09 by Michael Cole Leave a Comment

At the top of today’s real estate headlines from around the region, China’s HNA Group is adding a Harbin hotel project and 19 other assets to a list of items it hopes to sell off as the conglomerate continues to… Read More>>

At the top of today’s real estate headlines from around the region, China’s HNA Group is adding a Harbin hotel project … Read more>>>

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