Chinachem Group this past week confirmed its purchase of TikTok’s London headquarters for a price of £158.5 million ($182.5 million) with the Hong Kong developer portraying the acquisition of its first overseas asset as a step toward diversifying its portfolio… Read More>>
Hong Kong’s Chinachem Moves into Healthcare with $57M Acquisition
Hong Kong developer Chinachem has agreed to pay HK$451.2 million ($57.5 million) for a majority stake in a Hong Kong-listed senior care provider as the company prepares to expand into healthcare and senior living.
Privately held Chinachem will acquire a… Read More>>
Hong Kong’s Chinachem Said Buying TikTok London HQ for $187M
Hong Kong developer Chinachem Group has taken its expansion spree international with the £158 million ($186.2 million) purchase of TikTok’s London headquarters as its first British acquisition, according to a report by the UK’s React News.
Just one week after… Read More>>
Chinachem Takes 49% Stake in ESR Hong Kong Logistics Project
ESR has found a partner for a HK$11 billion ($1.4 billion) logistics project which it purchased last month in Hong Kong, with the industrial specialist announcing a joint venture on Monday with local developer Chinachem Group.
Entering the logistics sector… Read More>>
Asia Real Estate People in the News 2022-04-18
A top level change at Hong Kong developer Chinachem leads Mingtiandi’s roundup of personnel moves this week as the privately held builder announces the departure of its managing director of real estate. Also witnessing director departures this week are Hong… Read More>>
Hysan, Chinachem Add Cultural Space to Causeway Bay Commercial Project
Hysan Development and its partner Chinachem Group are turning to culture to boost the value of a HK$28 billion ($3.5 billion) commercial project they are developing in Hong Kong’s Causeway Bay area, according to a planning application submitted by the… Read More>>
Chinachem Wins Third HK Site in 15 Months With $350M Tung Chung Bargain Bid
Hong Kong developer Chinachem won its third government land sale in 15 months late last week when it took advantage of a tepid development market to pick up a commercial site near Hong Kong’s international airport at a bargain price,… Read More>>
SHK, CK, Henderson Among 6 Bidding for Central Site and More Asia Real Estate Headlines
In today’s roundup of regional headlines, Hong Kong’s biggest developers have joined the bidding as a tender for largest harbourfront plot in Central closed on Friday. Also in the news, Singapore’s GIC and US fund manager Nuveen are selling a… Read More>>
Hysan-Chinachem JV Wins Site in Hong Kong’s Causeway Bay With $2.6B Bid
The kings of Causeway Bay at Hysan Development have defended their turf, besting five other bidders to secure a commercial site near the group’s collection of projects in Hong Kong’s premier retail district.
A joint venture of Hysan, controlled by… Read More>>
CapitaLand Sinks to S$1.67B Loss in 2020 H2 and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, Singapore property giant CapitaLand reports an eye-watering loss for the second half and full year of 2020, Wharf Holdings plans to lease out a posh property on Hong Kong’s Peak, and co-working… Read More>>