Bain Capital is set to add another city to its Asia data centre network with the US fund manager in exclusive talks to acquire a pair of Hong Kong projects for up to HK$2.15 billion ($274 million).
Having already established… Read More>>
Northern Hong Kong Site Trades at 23% Discount and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a residential site in Hong Kong’s New Territories changes hands at a big discount, and China appoints a new governor of the nation’s central bank. Also making the list are reactions to the… Read More>>
Heitman Buys Hong Kong Industrial Asset From New World Heir for Reported $57M
Heitman has acquired an industrial building in Hong Kong’s Fanling area from a grandson of New World founder Cheng Yu-tung for a reported HK$450 million ($57.33 million), with the US fund manager planning to transform the asset into a refrigerated… Read More>>
Blackstone Buys Industrial Building in Hong Kong’s New Territories for $36M
Following a path to a town near Hong Kong’s border with Shenzhen which has already welcomed traffic from some of the region’s biggest fund managers this year, Blackstone has acquired a six-storey building in Hong Kong’s Fanling area for HK$282.6… Read More>>
Family of Hong Kong’s Late Shop King Sells Fanling Industrial Asset for $89M
The family of late “Shop King” Tang Shing-bor has sold a second New Territories industrial asset to China Resources Group, as the cash crisis of one of Hong Kong’s most active real estate investors creates an opportunity for the mainland… Read More>>
Wheelock Wins New Territories Residential Plot With $540M Bid
Hong Kong’s northern New Territories continues to command above-market land prices, particularly in the hotspot of Kwu Tung, where Wheelock Properties on Wednesday topped 11 rival bids to win a development site for HK$4.19 billion ($540 million).
The site, known… Read More>>
SilkRoad Buys Hong Kong Cold Chain Asset for $41M
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>>