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Ong Beng Seng

Cuscaden Peak-Managed Paragon REIT Sells Singapore Strip Mall for $58M

Ong Beng Seng

2024/06/22 by Michael Cole Leave a Comment

Paragon REIT has agreed to sell a strip mall in the Upper Bukit Timah area for S$78.5 million ($58 million), reducing the Singapore-listed trust to just two properties in its home market, with another two in Australia.

“The divestment is… Read More>>

Paragon REIT has agreed to sell a strip mall in the Upper Bukit Timah area for S$78.5 million ($58 million), reducing … Read more>>>

Swire Properties chairman Guy Bradley

Swire to Transform Beijing Hotel into Mall as China Retail Business Soars

Swire Properties chairman Guy Bradley

2024/04/11 by Kevin He Leave a Comment

Nearly 16 years after opening Opposite House in Beijing as its first hotel project, Swire Properties plans to replace Opposite House in Beijing with an “innovative retail landmark”, as the Hong Kong-based developer continues to reap strong profits from its… Read More>>

Nearly 16 years after opening Opposite House in Beijing as its first hotel project, Swire Properties plans to replace … Read more>>>

Weijian Shan, PAG

ADIA, Mubadala and Ares Confirmed as Partners in $8.3B PAG Takeover of Wanda Malls

Weijian Shan, PAG

2024/03/30 by Michael Cole 2 Comments

PAG on Saturday joined with partners CITIC Capital, Ares Management, the Abu Dhabi Investment Authority and Mubadala Investment Company in confirming their takeover of Dalian Wanda Group’s primary shopping mall management business.

In a joint announcement the companies said they… Read More>>

PAG on Saturday joined with partners CITIC Capital, Ares Management, the Abu Dhabi Investment Authority and Mubadala … Read more>>>

Robert Kuok

Robert Kuok’s Allgreen Completes $410M Purchase of Singapore’s Seletar Mall

Robert Kuok

2024/03/07 by Beatrice Laforga Leave a Comment

Robert Kuok’s Allgreen Properties has completed its S$550 million ($410 million) purchase of the Seletar Mall in northeastern Singapore from a joint venture of Cuscaden Peak and United Engineers Ltd (UEL), the companies announced Thursday.

Allgreen, the Singapore property development… Read More>>

Robert Kuok’s Allgreen Properties has completed its S$550 million ($410 million) purchase of the Seletar Mall in … Read more>>>

Robert Kuok

Paragon REIT Passes on Option to Buy Singapore Mall for $409M, Kuok Deal on Track

Robert Kuok

2024/02/29 by Christopher Caillavet Leave a Comment

Seletar Mall in northeastern Singapore has moved one step closer to new ownership after SGX-listed Paragon REIT declined to buy the asset for S$550 million ($409 million), paving the way for its potential acquisition by Robert Kuok’s Allgreen Properties.

The… Read More>>

Seletar Mall in northeastern Singapore has moved one step closer to new ownership after SGX-listed Paragon REIT declined … Read more>>>

Cusson Leung Kai-tong, general manager of China Resources Longdation's asset management division

China Resources Buys Hong Kong Shopping Centre From Lai Sun, Empire for $68M

Cusson Leung Kai-tong, general manager of China Resources Longdation's asset management division

2024/02/25 by Kevin He Leave a Comment

State-run conglomerate China Resources continues to be one of the biggest buyers of Greater China real estate during the current downturn with a property unit of the Shenzhen giant having picked up a commercial asset in the New Territories in… Read More>>

State-run conglomerate China Resources continues to be one of the biggest buyers of Greater China real estate during the … Read more>>>

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

Link REIT Buying Remaining 50% of Shanghai Mall from Vanke for $335M

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

2024/02/11 by Kevin He Leave a Comment

One of Asia’s biggest retail landlords has been doing some pre-New Year shopping in China’s discounted property market, with Link REIT announcing on Friday that it has agreed to buy out China Vanke’s stake in a Shanghai mall to take… Read More>>

One of Asia’s biggest retail landlords has been doing some pre-New Year shopping in China’s discounted property market, … Read more>>>

Standbrook House

HK Investor Lai Wing-to Marketing London West End Buildings as Asset Sales Continue

Standbrook House

2024/02/05 by Kevin He Leave a Comment

Hong Kong investor Lai Wing-to is shopping a trio of mixed-use properties in London’s posh West End area, reversing a decade of acquisitions in the British capital as commercial property values decline and retail sales remain subdued both at home… Read More>>

Hong Kong investor Lai Wing-to is shopping a trio of mixed-use properties in London’s posh West End area, reversing a … Read more>>>

Lai Wing-To Hong Kong

Hong Kong Investor Selling Down $1.9B Property Portfolio as Commercial Slump Drags On

Lai Wing-To Hong Kong

2024/02/01 by Kevin He Leave a Comment

A Hong Kong investor who once estimated his direct property holdings at HK$15 billion (US$1.9 billion) has put his HK$460 million oceanfront mansion on the block and is marketing a pair of commercial assets in Causeway Bay and Central together… Read More>>

A Hong Kong investor who once estimated his direct property holdings at HK$15 billion (US$1.9 billion) has put his … Read more>>>

Francis Law Sau-fai

China Resources Acquires Hong Kong Retail Podium from Francis Law for $40M

Francis Law Sau-fai

2024/01/31 by Kevin He Leave a Comment

A real estate arm of state-owned China Resources Group has acquired a retail podium in Hong Kong’s Kwai Fong area from local investor Francis Law Sau-fai for HK$310 million ($39.7 million), with property owners in the Asian financial centre showing… Read More>>

A real estate arm of state-owned China Resources Group has acquired a retail podium in Hong Kong’s Kwai Fong area from … Read more>>>

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