Hong Kong-listed developer Hang Lung Properties is said to have agreed to sell an industrial building in Hong Kong’s Cheung Sha Wan area to a consortium of investors for HK$4 billion ($510 million), according to local media accounts citing sources… Read More>>
Hong Kong’s Wang On Forms HK$653M JV With KKR for Ma On Shan Shopping Centre
US private equity giant KKR has agreed to take a 50 percent equity interest in a Hong Kong retail asset owned by Wang On Group and its development affiliate Wang On Properties in return for a total consideration of HK$180… Read More>>
Unnamed Mainland Investor Buys Floor of Hong Kong’s the Center for HK$1.1B
Hong Kong tycoon David Chan Ping-chi has taken a step towards cashing out his holdings in the Center on Hong Kong’s Queen’s Road, selling a floor in the office building nearly two years after joining a consortium which acquired the… Read More>>
Angelo, Gordon-Chellaram JV Selling Hong Kong Retail Podium to Wang On for HK$780M
A joint venture between US real estate fund manager Angelo Gordon and a Hong Kong family office serving one of the region’s oldest shipping families has agreed to sell a retail property in the New Territories’ Tseung Kwan O area… Read More>>
Troubled Mainland Investor Sells Wan Chai Office Floors for HK$1.8B in Liquidation Sale
Troubled investors from mainland China continue to generate activity in Hong Kong’s real estate market, with a set of three office floors belonging an energy firm having recently sold in Wan Chai just over a year after the company’s chairman… Read More>>
Goldin’s Pan Sutong Sells Kowloon Bay Project for HK$5B
Pan Sutong, chairman of Hong Kong’s Goldin Group, and the city’s 16th richest man, has sold a commercial site in the Kowloon Bay area for an estimated HK$5 billion ($640 million), according to an account in the Hong Kong press.
HNA Sells Mansion at Hong Kong’s Peak at 22% Loss After One Year
HNA Group is said to have sold a site with two historical homes in Hong Kong’s prestigious Victoria Peak area for HK$550 million ($70 million), suffering a more than 22 percent loss on the property just over one year after… Read More>>
Hanison Said to Offer HK$1.9B for Kingboard’s Hong Kong Office Block
A 32-storey commercial building in Hong Kong’s Sheung Wan area is on the verge of being sold for HK$1.9 billion ($242 million) according to local media reports this week, despite the city’s office market during the first quarter of 2019… Read More>>
Hang Lung Buys Out Kowloon East Industrial Building at HK$2.08B Valuation
Hang Lung Properties bought out the remaining space that it did not yet own in a 68-year-old industrial building in Kowloon East this week, clearing the way for the Hong Kong-listed builder plans to redevelop the site into a residential… Read More>>
Yuzhou Properties Buys HK Office Floor From Chairman’s Wife for HK$898M
Members of the consortium that paid nearly $5.2 billion to purchase the Center on Hong Kong’s Queen’s Road in 2017 have been struggling in the city’s current market slowdown, but an announcement this week indicates that one of the wealthy… Read More>>
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