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Serene Nah of Kerry Properties

Kerry-GIC JV Buys Mixed-Use Site in Shanghai’s Pudong District for $930M

2021/02/28 by Christopher Caillavet Leave a Comment

Hong Kong-listed developer Kerry Properties has teamed up with the real estate arm of Singapore sovereign wealth fund GIC to purchase a piece of Shanghai land designated for a retail-led mixed-use development.

Kerry announced Wednesday that it had won a… Read More>>

quayside hong kong

IWG Opens in the Quayside in Third Takeover of Hong Kong WeWork Location

2021/02/25 by Christopher Caillavet Leave a Comment

For the third time in less than a year, IWG has opened flexible offices under the Signature brand in a Hong Kong space formerly occupied by embattled rival WeWork.

The hat-trick delivers 50,000 square feet (4,645 square metres) of flexible… Read More>>

JLL Alex Barnes

Hong Kong Office Vacancy Hits 9.3% as Deutsche Bank, AIA Surrender Space

2021/02/25 by Christopher Caillavet Leave a Comment

Office vacancy in Hong Kong’s Central commercial district climbed further in January amid a trend of corporate tenants relocating to cheaper office locations in the city, according to JLL.

In its Property Monitor Report released Monday, the real estate consultancy… Read More>>

george hongchoy tb

Link REIT Buying Half-Stake in Vanke Shanghai Mall for $429M

2021/02/25 by Michael Cole 2 Comments

Asia’s largest real estate investment trust has returned to its retail roots as Link REIT announced today that it has agreed to buy a half-stake in a suburban Shanghai shopping mall for RMB 2.77 billion ($429 million).

Link REIT’s choice… Read More>>

Hines's managing director, Drew Huffman

Hines Ramps Up APAC Presence With New Hires in Japan, South Korea

2021/02/24 by Christopher Caillavet Leave a Comment

Hines has brought aboard local veterans to strengthen its teams in Japan and South Korea, as the US-based developer looks to transition from the investment advisory sphere to a focus on acquisitions and development in the two markets.

Joining the… Read More>>

peter wittendorp silkroad

SilkRoad Buys Hong Kong Cold Chain Asset for $41M

2021/02/23 by Christopher Caillavet Leave a Comment

SilkRoad Property Partners has acquired a cold-storage building in Fanling, an industrial area which is becoming a hotspot for alternative investments in Hong Kong’s New Territories.

Having just closed on $549 million in fresh capital last month, SilkRoad paid HK$321… Read More>>

Yun Choi Heitman

Skip Schwartz to Head Back to US as Heitman Preps New APAC Leadership

2021/02/23 by Christopher Caillavet Leave a Comment

Heitman on Monday announced personnel moves to strengthen its Asia Pacific team, including the promotion of two executives as co-leads of regional private equity and an external hiring to beef up client services.

Brad Fu, head of acquisitions for APAC,… Read More>>

Kwek Leng Beng

CDL Acquires Majority Stake in Shenzhen Tech Park to Prop Up Sincere JV

2021/02/22 by Christopher Caillavet Leave a Comment

Singapore-listed City Developments Ltd on Monday said it had agreed to acquire an effective 55 percent stake in a Shenzhen technology park in a bid to shore up the liquidity of CDL’s joint venture with Chinese developer Sincere Property Group.

… Read More>>

AEW, Jason Lee

BlackRock Selling Singapore Industrial Asset to AEW for $107M

2021/02/22 by Michael Cole Leave a Comment

Singapore real estate assets continue to be in style with the world’s biggest investors with Mingtiandi able to confirm that BlackRock is on the verge of selling an industrial asset in the city-state to Boston-based fund manager AEW.

BlackRock is… Read More>>

Wong Mun Hoong

Mapletree Aims for First Hong Kong Data Centre After Buying $104M Site

2021/02/19 by Christopher Caillavet Leave a Comment

Singapore-based Mapletree Investments on Friday announced that a Hong Kong industrial site which it acquired last month is set to become the latest addition to its growing portfolio of data centres.

“We are excited about winning this development land parcel,”… Read More>>

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