Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon East, at a price more than 50 percent less per square foot than what Link REIT paid in late… Read More>>
Hong Kong’s Tsim Sha Tsui Named World’s 2nd Most Expensive Shopping Spot
Hong Kong has not only lost its crown for having the most expensive retail district globally, the Chinese territory’s top-end shopping has also migrated to unfashionable Kowloon.
The latest Cushman & Wakefield survey of main streets shows Manhattan’s Upper Fifth… Read More>>
Singapore Reclaims Title as Most Desirable Investment Destination From Tokyo
Singapore has edged out Tokyo as the most favoured Asia Pacific property investment destination in 2023, reclaiming a title it previously held two years running, according to a report released this week.
The nonprofit Urban Land Institute, which issued the… Read More>>
Capitaland Development Hires Keppel’s Ben Lee as Head of China
The development division of Singapore’s CapitaLand Group has hired away rival Keppel Land’s chief operating officer to head up its growing China operations.
Ben Lee has been named chief executive officer of CapitaLand Development (China) as of 1 November and… Read More>>
SHKP Wins Tender for West Kowloon Commercial Project
Sun Hung Kai Properties had been awarded the tender for a commercial project in Hong Kong’s West Kowloon area after the blue-chip builder submitted the sole bid for the development site earlier this month.
SHKP won the right to develop… Read More>>
SC Capital Sets Up $2B Data Centre Investment Strategy With ADIA
Singapore-based SC Capital Partners has formed a data centre investment strategy with commitments from the Abu Dhabi Investment Authority, giving the $790 billion sovereign fund the ability to scale up to $2 billion in equity to support the scheme.
The… Read More>>
DigitalBridge Buys Stake in Malaysia’s AIMS Data Centre for $438M
US real estate investment trust DigitalBridge Group is acquiring a 49 percent interest in AIMS Data Centre from Malaysian telecom firm Time dotCom for RM 2.01 billion ($438 million), with plans to grow the data centre platform in Southeast Asia,… Read More>>
Warburg Pincus-Backed StorHub Buys Beijing Property from Leroy Merlin
Singapore’s StorHub has acquired a building which formerly housed retailer Leroy Merlin’s Beijing flagship store as the Warburg Pincus-backed self-storage operator continues to expand its presence in mainland China.
The deal will add a third Beijing location and the 17th… Read More>>
Guangzhou R&F Sells Shanghai Office Block to Jinko Solar for $99M
Guangzhou R&F Properties took another step toward selling down its portfolio of assets, with solar panel manufacturer Jinko Solar Co Ltd on Tuesday having purchased a business park property in western Shanghai from the troubled mainland developer.
Tower 3, which… Read More>>
GLP Reaches $1.2B First Closing of China Value-Add Fund With APG
GLP on Tuesday announced the first closing of the fourth fund in its China value-add series, with Dutch investment manager APG and other institutional partners having committed $1.2 billion in equity to the strategy.
GLP China Value-Add Partners IV will… Read More>>
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