The ongoing troubles of an NYSE-listed residential rental firm lead today’s list of personnel updates from Asia’s real estate world, as the CEO of Danke Apartments has his travel privileges revoked after losing a lawsuit. Also included in our roundup… Read More>>
HKRI Buys Kowloon Redevelopment Project for HK$310M
A 16-storey industrial building in Kowloon’s To Kwa Wan area has changed hands at HK$310 million ($40 million) as hopes for an end to the pandemic rekindle Hong Kong’s dormant real estate investment market.
Hong Kong Resorts International, a developer… Read More>>
Asia Real Estate People in the News 2020-11-30
In this week’s edition of People in the News, a boardroom succession takes shape at Hong Kong multinational HKRI, the third generation at New World Development gains a seat on the HSBC board, and WeWork in Singapore announces a pair… Read More>>
Cuff Rejoins C&W in Singapore to Help Lead Regional Leasing
Cushman & Wakefield has announced the appointment of Chris Cuff as regional executive director for commercial leasing, based in Singapore.
Cuff previously worked at Cushman & Wakefield for 10 years in North America as vice president for office leasing in… Read More>>
Hong Kong Rents Could Fall 21% By Year-End as Tenants Surrender Offices
Hong Kong office rents dropped for a sixth consecutive quarter in the three months ending 30 September, falling by 4.7 percent from June with analysts predicting that the average cost of leasing desk space in the city will have dropped… Read More>>
Hong Kong Office Vacancy Rises for 13th Straight Month, Central Now 6% Empty
Hong Kong’s beleaguered Grade A office market continued to face rising vacancies and falling rents in August, although the emptying out of Central and other core districts of the city showed signs of slowing, according to a report released earlier… Read More>>
Mapletree Trust Adds to US Data Centre Portfolio with $204M-Plus Virginia Buy
Singapore’s Mapletree Industrial Trust is adding to its collection of US data centres through an agreement to purchase a facility in Virginia for at least $204 million, the trust’s manager announced on Monday.
The unspecified server farm, which is believed… Read More>>
Maggie Chu Joins Savills to Lead Greater Bay Area Services
Veteran broker Maggie Chu has joined Savills to head up the property consultancy’s services on behalf of developers and investors in Guangdong province, Macau and Hong Kong, according to a company statement today.
Formerly an executive director with Cushman &… Read More>>
Hong Kong Dominates with 54% of APAC Data Centre Investments in 2020
Data centre investment in Asia-Pacific climbed to $5.7 billion (HK$44 billion) between 2018 and 2020, a seven-fold increase over the growth recorded over the previous two year interval, according to new research by Cushman & Wakefield in Hong Kong.
In… Read More>>
Asia Real Estate People in the News 2020-05-11
In this week’s edition of People in the News, a data centre developer backed by UK fund manager Actis has poached a vice president of sales from rival Equinix as server sheds continue to be a top target for investors… Read More>>
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