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Mantex Industrial Building Tsuen Wan

Tsuen Wan Industrial Building Bought Up for HK$258M

Mantex Industrial Building Tsuen Wan

2017/10/21 by Michael Cole Leave a Comment

Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed hands recently for HK$258 million ($33 million).

According to information released last week by the city’s Lands Department,… Read More>>

Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed … Read more>>>

Joseph Lau Chinese Estates

Chinese Estates Builds HK$27B Evergrande Stake and More Asia Real Estate Headlines

Joseph Lau Chinese Estates

2017/10/20 by Michael Cole Leave a Comment

Joseph Lau’s Chinese Estates got some good news this week as the developer’s stake in China Evergrande now is worth more than its own Hong Kong market cap. Also in the headlines, China’s suppression of housing demand means that sales… Read More>>

Joseph Lau’s Chinese Estates got some good news this week as the developer’s stake in China Evergrande now is worth more … Read more>>>

Henderson Picks Up $135M Redevelopment Site in HK’s Mid-Levels

2017/10/19 by Greg Isaacson Leave a Comment

Henderson Land Development is paying a total of HK$1.05 billion ($134.5 million) to buy out a seven-storey apartment building in the Hong Kong’s upscale Mid-Levels neighbourhood, which the property giant plans to redevelop into a 30-storey tower.

The developer controlled… Read More>>

Henderson Land Development is paying a total of HK$1.05 billion ($134.5 million) to buy out a seven-storey apartment … Read more>>>

Lee Chee Koon Ascott CEO

Singapore’s Ascott Makes $60M Silicon Valley Hotel Deal in Latest US Acquisition

Lee Chee Koon Ascott CEO

2017/10/19 by Greg Isaacson Leave a Comment

Singapore’s CapitaLand is making its fourth US acquisition in less than six months, buying a Silicon Valley hotel through its serviced residence unit The Ascott Limited in a S$81.5 million ($60.1 million) project.

The investment amount includes Ascott’s planned refurbishment… Read More>>

Singapore's CapitaLand is making its fourth US acquisition in less than six months, buying a Silicon Valley hotel … Read more>>>

HNA Chen Feng

HNA Buys Out 90% of SG Logistics Platform and More Asia Real Estate Headlines

HNA Chen Feng

2017/10/19 by Michael Cole Leave a Comment

China’s HNA may not be completely dead in the water as the mainland conglomerate’s buyout of a Singapore logistics company looks set for completion. Also in the news today, banning construction is the latest step in the battle against foul… Read More>>

China’s HNA may not be completely dead in the water as the mainland conglomerate’s buyout of a Singapore logistics … Read more>>>

Swatch Scores 53% Discount on Central Shop Space as HK Retail Rents Plunge

2017/10/19 by Greg Isaacson Leave a Comment

Shop rents in Hong Kong are falling, and in the case of Switzerland’s Swatch, the new retail reality means paying less than half of the former price for store space in the heart of the city’s Central district.

Swatch is… Read More>>

Shop rents in Hong Kong are falling, and in the case of Switzerland's Swatch, the new retail reality means paying less … Read more>>>

Michael Wong Wai-lun

Decaying Workshop Sells for $158M in HK’s Tsuen Wan, Appreciating 808-Fold

Michael Wong Wai-lun

2017/10/18 by Greg Isaacson Leave a Comment

An ageing industrial building in Hong Kong’s Tsuen Wan district has changed hands for HK$1.23 billion ($157.5 million) – appreciating nearly 81,000 percent over the past 45 years – reflecting investor enthusiasm for the asset class as the city government… Read More>>

An ageing industrial building in Hong Kong's Tsuen Wan district has changed hands for HK$1.23 billion ($157.5 million) – … Read more>>>

Wanda Hits Twin US Setbacks as Culture Chief Quits, Beverly Hills Partner Exits

2017/10/18 by Greg Isaacson Leave a Comment

Dalian Wanda Group is facing a fresh set of overseas headaches, this time in Southern California, as its US partner bails on a $1.2 billion development project in Beverly Hills and the company’s top executive in Hollywood steps down.

Athens… Read More>>

Dalian Wanda Group is facing a fresh set of overseas headaches, this time in Southern California, as its US partner … Read more>>>

MIng Z Mei GLP

GLP Plans $1.5B Panda Bond Sale and More Asia Real Estate Headlines

MIng Z Mei GLP

2017/10/18 by Michael Cole Leave a Comment

Among the biggest real estate stories in the region today, GLP plans to raise $1.5 billion in renminbi denominated bonds, just after the company’s buyout was approved, and Lendlease decides to go Dutch in the sale of a stake in… Read More>>

Among the biggest real estate stories in the region today, GLP plans to raise $1.5 billion in renminbi denominated … Read more>>>

Link Asset Management CEO George Hongchoy

Blackstone, KKR and CITIC Said Competing for $2.5B Link REIT Retail Portfolio

Link Asset Management CEO George Hongchoy

2017/10/18 by Michael Cole Leave a Comment

Retail real estate may be under pressure, but that isn’t stopping some of the world’s biggest property investors from competing for a $2.5 billion portfolio of shopping centres in Hong Kong.

Link Asset Management, the Hong Kong-based manager of Asia’s… Read More>>

Retail real estate may be under pressure, but that isn’t stopping some of the world’s biggest property investors from … Read more>>>

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