Prosperity REIT has agreed to acquire a 24-storey commercial building in Kowloon’s Kwun Tong area from Phoenix Property Investors, as the two property investment specialists continue to cash in on demand for office space in developing districts of Hong Kong.
Schroder Real Estate Hires John Chantrell to Run Asia Business
Schroder Real Estate has appointed John Chantrell to the newly created role of Head of Asian Real Estate as the UK-based asset manager ramps up its presence in the region.
Chantrell, who will be based in Hong Kong, joins Schroders… Read More>>
Why Wang Jianlin Wants More Chinese Films in His Global Theatre Empire
Wang Jianlin, the Chinese property tycoon who has been buying up theatre chains in the US, UK and Australia sees his screen empire as a means to export Chinese culture globally, according to statements in a recent TV interview with… Read More>>
Bank of China Spends $100M on a New Sydney Office
Bank of China may have a new place to call home in Sydney after buying the 140 Sussex Street building from Deutsche Asset Management’s RREEF Real Estate for A$130 million ($100 million), The Australian reported. The bank has yet to… Read More>>
After Nearly 4 Year Market Slide, Singapore Says Property Curbs Here to Stay
Singapore home prices are on the city-state’s longest slide in almost two decades, but the authorities running the country’s economy have no intention of letting up on the restrictions that started taking the air out of a historic pricing bubble… Read More>>
China Minsheng Acquires London Office Complex From Société Générale
China Minsheng Investment purchased Société Générale’s central London headquarters from the French bank for £84.5 million ($112.8 million) through its Hong Kong-based subsidiary SRE Group. According to a statement by SRE Group to the Hong Kong stock exchange, the deal… Read More>>
Foreign Buyers Taxed Out As Vancouver Home Sales Fall 23%
The red hot housing market of Vancouver finally had some cold water thrown on it as new figures from the Real Estate Board of Greater Vancouver (REBGV) show home sales fell nearly 23 percent last month. The government in British… Read More>>
China Vanke Buys First London Office Building for $154 Million
China Vanke may now own its first office building in the UK after reportedly agreeing to buy Ryder Court in London’s posh West End from Henderson Global Investors for £115 million ($154 million).
Situated in London’s Mayfair district near landmarks… Read More>>
Asian Fund Managers Said to Grab 92% of Capital for Regional Real Estate Funds
Money to invest in Asian property is increasingly being raised by real estate fund managers within Asia Pacific according to research released this week by an alternative investment market tracker.
Asia-based fund managers represent 92 percent of the property fundraising… Read More>>
Greenland Launches Western Europe’s Tallest Residential Tower in London
One of China’s biggest cross-border real estate investors is ready to start selling units at its £800million ($1.1 billion) London project and may get a chance to test first-hand whether Brexit has cooled buyer enthusiasm for UK housing.
Shanghai-based Greenland… Read More>>
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