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Martijn Roordink Spaces

Regus’ Co-Working Brand to Open Flagship Centre Near Singapore’s Orchard Road

2018/04/26 by Shawna Kwan Leave a Comment

As $20 billion co-working startup WeWork expands into Southeast Asia, the company behind the world’s biggest serviced office operator is ramping up its flexible workplace presence in Singapore.

Spaces, the co-working arm of European flexible office giant IWG, which also… Read More>>

Lotte Sells Mainland Stores to Chinese Rival for $230M After Missile Defense Clash

2018/04/26 by Greg Isaacson Leave a Comment

The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that has slashed its sales in the country by 77 percent.

Lotte Shopping will sell one of… Read More>>

Chen Feng HNA

Faced with Financial Crisis, HNA Launches $1.5B Private Equity Fund

2018/04/25 by Shawna Kwan Leave a Comment

Needing to pay off $29 billion in financial liabilities by June 30th, embattled Chinese conglomerate HNA is seeking investors for a $1.5 billion investment vehicle so that the group can continue the acquisition streak that generated its current debt load,… Read More>>

Turochas Fuad spacemob

WeWork to Open Two Centres in Jakarta Amid SE Asia Growth Drive

2018/04/25 by Greg Isaacson Leave a Comment

Global flexible office giant WeWork is ramping up its presence in Southeast Asia with an upcoming debut in Indonesia, potentially followed by Thailand, Malaysia and the Philippines by year-end, the company announced.

The $20 billion New York-based startup will open… Read More>>

Anthony-Couse

JLL Picks up Project and Construction Management Firm JCL in Manila

2018/04/25 by Greg Isaacson Leave a Comment

Global real estate consultancy JLL is boosting its operations in the Philippines by scooping up a Manila-based project and construction management firm with over 40 staff.

JLL has acquired JCL International, which is led by senior partners John Morgan and… Read More>>

Esprit Causeway Bay

Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store

2018/04/25 by Shawna Kwan Leave a Comment

Hong Kong-listed fashion brand Esprit Holdings will not renew the lease for its flagship store in Causeway Bay, according to local media reports.

The lease for the 7,000 square foot (650 square metre) store in Leighton Centre at 77 Leighton… Read More>>

Wang Yonghong Zhonghong

Chinese Developer Defaults on $364M in Debt One Year After $449M Blackstone Deal

2018/04/24 by Shawna Kwan Leave a Comment

Less than one year after its offshore affiliate paid $449 million to buy a stake in Seaworld from Blackstone, and just nine months after that same unit failed in its $4 billion bid to buy out US senior living operator… Read More>>

Lewis Tung

HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again

2018/04/24 by Shawna Kwan Leave a Comment

Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled property, a floor in Far East Finance Centre has reportedly broken that short-lived price record.

The 33rd floor of… Read More>>

Knight Frank Builds Overseas Project Marketing Team with Twin Hong Kong Hire

2018/04/24 by Greg Isaacson Leave a Comment

Global property consultancy Knight Frank is bringing a pair of cross-border sales specialists on board to market residential projects in the UK to buyers in Hong Kong. Mei Wong and Fiona Priest are joining the company’s Hong Kong office to… Read More>>

Edwin Leong

Hong Kong’s Shop King Consolidates Western Site with HK$810M Buy of Butterfly Hotel

2018/04/22 by Shawna Kwan Leave a Comment

Edwin Leong Siu-hung, chairman of property developer Tai Hung Fai Enterprise and one of Hong Kong’s wealthiest men, is consolidating a block of properties in Sai Ying Pun, two MTR stations west of Central after spending over HK$1.5 billion ($191… Read More>>

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