ESR has acquired its second project ever in Hong Kong, having shouldered aside two competing bids to secure a logistics site at the city’s Kwai Chung container port for nearly HK$5.26 billion ($668.7 million), according to an announcement made late… Read More>>
Mapletree Industrial Trust Targets Data Centre Opportunities in Europe, APAC
Mapletree Industrial Trust vows to continue scaling up its data centre business through acquisitions in Singapore and the United States, as well as in new markets in Europe and Asia Pacific, after the Temasek-backed real estate investment trust saw its… Read More>>
Tender for $140M Project in Hong Kong’s Mid-Levels West Closes Friday
A government tender for a residential site on Hong Kong Island is set to close this Friday, giving developers an opportunity to build a housing project worth up to HK$1.1 billion ($140.1 million) in the Mid-Levels West area above Sheung… Read More>>
New World Approved to Redevelop Hong Kong’s State Theatre as Mixed-Use Project
A decade after it began acquiring parts of Hong Kong’s State Theatre complex, New World Development has won approval from the Buildings Department to redevelop the historic site into a mixed-use project.
The development in North Point will have a… Read More>>
Mandarin Oriental Selling DC Hotel to UK’s Henderson Park For $139M
Hong Kong-based Mandarin Oriental International is selling its five-star luxury hotel in Washington DC to UK asset manager Henderson Park for $139 million as the Jardine Matheson-controlled firm continues to offload US assets on weak corporate bookings.
Mandarin Oriental told… Read More>>
Link REIT CEO Still in Buying Mode as Downturn Sparks Opportunity: MTD TV Asia REIT Forum 2022
https://player.vimeo.com/video/731224122?h=00627844c1Video can’t be loaded because JavaScript is disabled: Asia REIT Forum 2022: Spotlight Interview with Link REIT CEO George Hongchoy (https://player.vimeo.com/video/731224122?h=00627844c1)
After buying 17 assets in 15 months for a total of HK$26 billion ($3.3 billion),… Read More>>
GIC-Backed ESR Fund Acquires Five Melbourne Industrial Properties for $73.5M
Industrial specialist ESR has expanded its footprint in Greater Melbourne with the acquisition of five income-producing properties via a GIC-backed fund for A$106.5 million ($73.5 million).
The assets in the suburbs of Truganina, Kilsyth, Keysborough, Port Melbourne and Dandenong in… Read More>>
Swire Closes in on $751M Quarry Bay Commercial Project
Swire Properties is closing in on a HK$5.9 billion ($751.9 million) commercial project on the eastern stretch of Hong Kong Island, having reportedly applied in June to force a sale of the remaining pieces which it does not already own… Read More>>
Junior Tycoon Buys Developer Jiayuan’s Hong Kong HQ at 34% Off 2018 Price
A scion of the family behind Hong Kong’s Cheung & Sons conglomerate has swooped on a 14th-floor unit at 9 Queen’s Road Central, picking up the headquarters of troubled mainland developer Jiayuan International Group for HK$95 million ($12.1 million).
Jiayuan… Read More>>
Sinar Mas Selling London Building to Malaysia State-Owned Firm for $292M
Sinar Mas Land continues to trade actively in London’s real estate market, with the Singapore-listed property firm on Wednesday announcing a deal to sell a commercial building near Westminster for £247.5 million ($292.3 million).
The developer controlled by Indonesia’s Widjaja… Read More>>
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