Occupiers in Hong Kong’s Grade A office market gave up 29,200 square feet (2,713 square metres) more than they leased in August as the city’s overall vacancy rate remained flat at 9.6 percent, according to JLL.
The vacancy rate in… Read More>>
Singapore REITs Buy 7 Japanese Senior Living Assets for $56M
Asia’s elderly are getting more of the respect and attention they deserve this month, particularly from the managers of a pair of Singapore real estate investment trusts.
The manager of Parkway Life Real Estate Investment Trust said on Tuesday that… Read More>>
Achieving Carbon Neutrality Critical to Data Centre Investments: MTD TV
https://player.vimeo.com/video/752423040?h=16d2e76a55Video can’t be loaded because JavaScript is disabled: Mingtiandi APAC Data Centre Forum 2022: Sustainable Data Center Innovation (https://player.vimeo.com/video/752423040?h=16d2e76a55)
The need for more efficient data centres was brought home on Thursday when a representative of Ivanhoé… Read More>>
GIC Buying Top Stake in $2.3B Mediterranean Resort Operator Sani/Ikos
GIC has entered a strategic partnership under which the Singapore sovereign wealth fund will become the leading shareholder in Sani/Ikos Group, a Mediterranean luxury resort owner-operator, alongside the Greek-based firm’s management team.
The transaction values Sani/Ikos at €2.3 billion ($2.3… Read More>>
UOB Aims to Buy Out HK$10B Loan for Shimao Kowloon Project
After suing troubled mainland builder Shimao Group Holdings in July over an overdue debt linked to a Hong Kong residential project, Singapore’s United Overseas Bank Ltd (UOB) has settled its dispute with the defaulting developer at the same time it… Read More>>
Digital Core REIT Plans Stakes in Digital Realty Data Centres in Frankfurt, Dallas
Singapore-listed Digital Core REIT has entered into a deal with its sponsor, US server-hosting giant Digital Realty, to acquire a stake in a German data centre and a potential interest in a Texas facility, subject to market conditions.
Under the… Read More>>
Hong Kong’s Goldin Financial Global Centre Sold After Two Year Battle
Hong Kong’s Goldin Financial Global Centre has sold after a two year struggle over the Kowloon East office tower.
A social media post by Savills, which has been managing a tender of the 28-storey building on behalf of creditors stiffed… Read More>>
Henderson Land Bags 3rd of 4 Sites for Kowloon Project With $150M Buy
Henderson Land Development secured the third of four adjoining sites for a Hong Kong residential project with Tuesday’s HK$1.2 billion ($150 million) compulsory sale of an ageing building in Kowloon’s To Kwa Wan neighbourhood.
The acquisition of the 12,290 square… Read More>>
Wing Tai, Vanke Win Tender for New Territories Site with $100M Bid
Wing Tai Properties Limited and China Vanke on Tuesday won a tender for a residential site in Hong Kong’s Sha Tin district with a bid of HK$786.4 million (US$100 million), exceeding analyst predictions despite the city’s biggest housing downturn in… Read More>>
Shangri-La CEO Lim Beng Chee to Retire at Year-End
Shangri-La Asia has announced the retirement of chief executive Lim Beng Chee, as C-suite turnover continues at the hospitality firm controlled by the family of billionaire Robert Kuok.
Lim will step down from his roles as executive director and CEO… Read More>>
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