CM Capital Corp, the US-based family office of Hong Kong’s billionaire Cha clan has purchased a $117.5 million office building in downtown Palo Alto, California from a local joint venture, paying one of the highest prices per square foot for… Read More>>
Henderson Land Gets $930M Offer for Office Building in HK’s Central
Henderson Land Development has reportedly received a HK$7.3 billion ($930 million) offer from an undisclosed financial group for the FWD Financial Centre, a grade A office building at the western fringe of the city’s Central district, according to a source… Read More>>
CapitaLand Sells HK Serviced Apartment Building to Hanison for $93M
Hong Kong real estate developer Hanison Construction on Wednesday announced to the Hong Kong Exchange that it has agreed to purchase a serviced apartment building in Hong Kong’s Sai Ying Pun area for HK$730 million ($93 million).
Hanison, which is… Read More>>
Fosun Acquires London’s Royal Exchange for £45M
Fosun International added another iconic London property to its portfolio on Wednesday, with its majority-owned Resolution Property acquiring the Royal Exchange in the City of London, media reported on Wednesday.
The transaction price for the 16th century financial landmark was £45… Read More>>
Gaw Teams with Korean Investors for £36M London Office Buy
Gaw Capital Partners has agreed to acquire 4 and 5 Harbour Exchange in London for GBP 36.2 million ($47 million) the Hong Kong-based private equity firm said in a joint announcement on Wednesday with vendor Clearbell Capital.
A spokesperson for Gaw… Read More>>
CapitaLand Invests $20M to Bring Co-Working to Prime SG Towers
CapitaLand on Tuesday announced its “office of the future” strategy, which aims to integrate co-working style “flexible office space” into the developer’s traditional commercial projects. The Singaporean real estate giant says it is already at work implementing the new strategy… Read More>>
Evergrande’s Calxon Spends RMB 595M to Expand Movie Theatre Business
Just over two years after spending $554 million to acquire Shenzhen-listed China Calxon Group, the mainland’s second-largest developer by sales may have finally found a use for the company once thought to give Xu Jiayin’s real estate giant a back-door… Read More>>
Cigna Flees HK Island Office Rents With Move to Mapletree Kowloon Project
Cigna Worldwide Life Insurance has become the latest multinational to flee the rising costs of Hong Kong island office space for Kowloon’s more budget-friendly shores, according to local media reports.
The US-based insurer is set to become neighbours with HSBC… Read More>>
Macau Gambling Figures Buy Asset in HK’s Central From Car Park Queen for HK$100M
The sixth floor of the On Lok Yuen Building on Hong Kong’s Dex Voeux Road was purchased by a Macau investor for HK$100 million, the Land Registry announced late last month. The investor has now been identified as Chan Wai… Read More>>
Keppel JV Embarks on $143M Bangalore Project for First Commercial Development in India
Singaporean developer Keppel Land announced on Monday that its India joint venture has agreed to acquire a 3.09 hectare (7.635 acre) site in Bangalore for development of an INR 10.4 billion ($143.3 million) mixed-use development.
The 1.18 million square foot… Read More>>
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