Kerry Properties posted a 37 percent year-on-year drop in first-half profit, as the builder controlled by the family of Shangri-La Hotel tycoon Robert Kuok saw results moderate after exceptional gains from selling two Hong Kong warehouses in the prior-year period.
Ong Beng Seng’s HPL Gets Provisional Nod for Orchard Road Redevelopment in Singapore
Hotel Properties Ltd, the builder controlled by billionaire Ong Beng Seng, has secured provisional permission from Singapore’s Urban Redevelopment Authority to transform a set of Orchard Road buildings into a mixed-use project with hotel, retail, office and residential components.
The… Read More>>
Warburg Pincus, PDG Set to Lead APAC Data Centre Forum Next Week
While trades of income-earning real estate assets in Asia Pacific fell 24 percent in 2022 compared to a year earlier, investment in new data centre projects in the region climbed by more than 11 percent, according to MSCI – underscoring… Read More>>
PAG Buying Aussie Pub Player AVC From KKR
Asian private equity major PAG has agreed to acquire buyout giant KKR’s controlling interest in Australian Venue Co, an operator of pubs, restaurants and event spaces, for an undisclosed amount.
AVC owns and operates a portfolio of more than 210… Read More>>
Hong Kong Office Market Shrivels Again as Travel and Leisure Fail to Turn Tide
Hong Kong’s Grade A office market in July saw tenants give back 224,600 square feet (20,866 square metres) more than they took up, though rising momentum from travel and leisure occupiers offered a bright spot amid the gloom, according to… Read More>>
Kerry Properties Breaks Ground on Biggest Shanghai Project Yet
Kerry Properties has broken ground on a project set to provide nearly 93 football fields of finished space in Shanghai’s Huangpu district in what would be its largest development to date in mainland China, the company announced on Wednesday.
The… Read More>>
Data Centre Firms Explore Emerging Asia as Land Proves Scarce in Mature Markets
Data centre operators in Asia Pacific are turning to the region’s emerging markets for expansion as a dearth of land parcels and available power creates headwinds in mature locations, according to a report by Cushman & Wakefield.
Indonesia, Malaysia, the… Read More>>
ESR Boosts AUM 9% Despite Global Market Slide
ESR Group grew its assets under management (AUM) 9 percent from a year ago to $147 billion by the end of June, the company said on Wednesday, despite rising interest rates and a slower market for asset sales.
“Despite a… Read More>>
CSI Properties Notches Hong Kong’s Largest Office Lease of 2023 in Kowloon East Project
CSI Properties has landed Hong Kong largest office lease so far this year with the company signing up Hong Kong’s Hospital Authority for its Harbourside HQ project in Kowloon Bay, with the administrator of Hong Kong’s government hospitals and health… Read More>>
Hong Kong-Backed Star Entertainment Sued for $270M by Brisbane Casino Contractor
Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort and casino project co-owned with Hong Kong-based partners Chow Tai Fook Enterprises and Far East Consortium.
The claim by Multiplex Constructions… Read More>>
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