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Lucas Loh CapitaLand

CapitaLand Sells 3 China Shopping Malls to REIT for $430M

2019/06/11 by James Hatton Leave a Comment

CapitaLand has entered into an agreement to offload three mainland community malls to CapitaLand Retail China Trust (CRCT) for RMB 2.96 billion ($430 million), according to an announcement to the Singapore stock exchange.

This is the second divestment of China… Read More>>

Israel Englander

NYC Hedge Fund Takes HK$170 Per Square Foot Lease in Central’s IFC

2019/06/10 by Jan Kot Leave a Comment

Hundreds of thousands of people may be marching in Hong Kong’s streets and the famously expensive housing market has started looking shaky, but international financiers are still leasing pricey offices in Central, so at least its business as usual in… Read More>>

Savills Notches HK$1.9B Sheung Wan Office Tower Sale and More Agency Wins Mingtiandi Broker Battle

2019/06/10 by James Hatton Leave a Comment

A trio of investment transactions in Hong Kong leads the way in Mingtiandi’s latest list of brokerage wins with Savills brokering the sale of a 32-storey office tower in Sheung Wan for HK$1.9 billion, while Cushman and Wakefield negotiated the… Read More>>

sherman kwek CDL

CDL Makes £776M Buyout Offer for Millennium & Copthorne Hotels

2019/06/09 by James Hatton Leave a Comment

City Developments Limited has launched a £776 million ($989 million) takeover bid for London-listed Millennium and Copthorne Hotels (M&C) that values the Airbnb-challenged hotel chain at £2.2 billion, according to an announcement by the publicly listed flagship of the Hong… Read More>>

Payson Cha Hanison

HKRI Buys Kowloon Luxury Residential Tower for HK$760M

2019/06/09 by Jan Kot Leave a Comment

Analysts are voicing growing uncertainty over the outlook for Hong Kong real estate, but a developer controlled by one of the city’s wealthiest families is confident enough in the market that it has just agreed to spend nearly $100 million… Read More>>

Elgin Street Hong Kong

Henderson Land Applies for Compulsory Sale of HK$963M Site in Hong Kong’s Central

2019/06/06 by Jan Kot Leave a Comment

Henderson Land Development has applied for a compulsory sale of four aging buildings in Hong Kong’s Mid-levels, according to a filing at the city’s Lands Tribunal as the blue-chip developer continues to play its preference for redevelopment projects.

Should the… Read More>>

alibaba wang jian

ULI APAC Summit to Explore Asia’s Sustainable Future in Shanghai Next Week

2019/06/06 by Michael Cole Leave a Comment

Representatives of some of Asia’s biggest real estate developers, investors and service providers will be gathering in Shanghai next week for the Urban Land Institute’s Asia Pacific Summit 2019.

The event, which is organised annually by the property industry non-profit,… Read More>>

Stuart Gibson, Jeff Perlman, Wee Peng Cho ESR

Warburg Pincus-Backed Logistics Platform ESR Files for $1.24B Hong Kong IPO

2019/06/05 by Michael Cole Leave a Comment

ESR Cayman, which manages a portfolio of 152 logistics properties across Asia, has begun marketing to investors a HK$9.8 billion ($1.24 billion) initial public offering in Hong Kong, according to an announcement by the developer and fund manager today.

The… Read More>>

james-shepherd

James Shepherd Named Head of APAC Research for Cushman & Wakefield

2019/06/05 by Michael Cole Leave a Comment

James Shepherd has been promoted to head of research for Asia Pacific at Cushman & Wakefield, according to an update to the Glaswegian property executive’s LinkedIn account this week.

Shepherd, who has been with the US real estate consultancy for… Read More>>

Charles Chan Savills

HK Housing Sales Jumped 50% in May, But Analysts Warn of Coming 10% Price Slide

2019/06/05 by Jan Kot Leave a Comment

Despite growing uncertainty over the US-China trade war and protests of a proposed extradition law, the value of homes sold in Hong Kong reached HK$78.4 billion in May, up 11.9 percent compared with April and 50.3 percent higher than the… Read More>>

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