Occupiers in Hong Kong’s Grade A office market gave back 172,700 square feet (16,044 square metres) more than they took up in the second quarter of 2023, mainly due to downsizing by multinational companies in Tsim Sha Tsui and Central,… Read More>>
Asia Real Estate People in the News 2023-07-03
Troubled mainland developers lead this week’s roundup of personnel moves from around Asia as four Hong Kong-listed builders see top officials depart. Also making the list is a new CFO at Hong Kong Shanghai Alliance and we have updates from… Read More>>
Hong Kong Commercial Property Investment Falls 45% as Interest Rates Sour Reopening
Deal volume in Hong Kong’s commercial property market fell 45 percent year-on-year to HK$18.1 billion ($2.3 billion) in the first six months of 2023 as high interest rates continued to discourage investors, according to Cushman & Wakefield.
Despite a gradual… Read More>>
Asia Real Estate People in the News 2023-06-12
The future of a Singapore-listed infrastructure trust leads this week’s review of hirings and promotions from around the region, as a Keppel-managed vehicle lines up a new CEO. A new money guy for Hong Kong’s Rosewood Hotels also makes the… Read More>>
GIC Completes Hyderabad Tech Park Buy and More Asia Real Estate Headlines
In today’s roundup of regional headlines, Singapore’s GIC completes its acquisition of a Hyderabad office complex, and Chinese state-owned builder Greenland readies its virtual asset trading platform in Hong Kong. Also in the news, Fitch plans to pull its rating… Read More>>
Asia Real Estate People in the News 2023-05-08
Management overhauls at a pair of mainland China real estate companies lead Mingtiandi’s roundup of personnel moves from around Asia this week with both Shanghai’s DaFa Properties and Shenzhen-based property manager E-Star Commercial announcing new chief executives. China Merchants Land… Read More>>
C&W Makes Michelle MacKay Only Female CEO of Global Property Agency
Chicago-based property consultancy Cushman & Wakefield on Thursday named a new chief executive, with Michelle MacKay set to take on her new role from 1 July as 35-year company veteran John Forrester prepares to retire later this year.
“The Board… Read More>>
Blackstone Fund Redemption Requests Continue and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, US investment giant Blackstone caps withdrawals from its BREIT real estate fund for a fifth straight month, and Chinese developer CIFI announces a delay in publishing its 2022 results.
Blackstone’s BREIT Hit by… Read More>>
Singapore Luxury Home Site Sold for $46M With Proceeds Going to Charity
The family of Singaporean singer-songwriter Dick Lee has sold a set of three stand-alone homes on the city-state’s upscale Chancery Hill Road to local homebuilder Sustained Land, which is expected to develop new landed homes on the site.
Sustained Land,… Read More>>
Logos Seeks Buyer for Stake in $2B Australian Industrial Portfolio
Industrial developer Logos is shopping a stake in its A$3 billion ($2 billion) Australian portfolio in what could be the biggest logistics property deal Down Under in two years.
The move by Sydney-based Logos is said to be giving the… Read More>>
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