Average grade A office rents in Hong Kong’s Central district climbed to historical highs in the second quarter, driven by escalating demand from mainland Chinese firms.
The average cost for renting a square foot of grade A space… Read More>>
Asia real estate and outbound investment news
Average grade A office rents in Hong Kong’s Central district climbed to historical highs in the second quarter, driven by escalating demand from mainland Chinese firms.
The average cost for renting a square foot of grade A space… Read More>>
A Hong Kong-listed construction company is buying a newly completed apartment building in Kowloon for HK$820 million ($104.8 million), from Guangzhou-based Yuexiu Property, even as Hong Kong’s housing market has begun to show signs of cooling over the summer.
Grand… Read More>>
Spring REIT, a Hong Kong-listed real estate investment trust once focused on Beijing office assets has branched out into UK auto repair facilities, in a strategic pivot that has raised the ire of one of its biggest investors.
Alternative investment… Read More>>
Less than two months after Dalian Wanda Group walked away from its ambitions to crush Disney in China’s theme park market, the country’s biggest developer has revealed a scheme to take on the Magic Kingdom with its own empire of… Read More>>
WeWork, the New York-based shared office brand, is expanding its footprint in Hong Kong, on the heels of announcing $4.4 billion of new investment for its Asian growth drive.
The $17 billion firm has leased a full floor, covering nearly… Read More>>
New York-based WeWork is adding $3 billion to its war chest from Japan’s SoftBank Group and the SoftBank Vision Fund, as the world’s biggest co-working startup aims for dominance of the Asian market. The fresh infusion of capital comes on… Read More>>
Singaporean sovereign wealth fund GIC is making a major bet on Indian real estate by purchasing a stake in a unit of DLF, India’s most valuable real estate developer, for 89 billion rupees (around $1.4 billion).
Through the… Read More>>
Dalian Wanda Group today said that it no longer has possession of a £470 million London housing project, with sources familiar with the newly transferred property indicating that the Chinese developer has transferred the Nine Elms Square site to a… Read More>>
China’s clampdown on outbound investment hasn’t stopped Wanda Group from moving ahead with at least one overseas real estate project, as the Beijing-based conglomerate has completed its £470 million ($605.3 million) acquisition of Nine Elms Square in London.
Wanda has… Read More>>
China’s State Council issued new rules on Friday spelling out restrictions on overseas investments by Chinese entities, which specifically target transactions involving real estate, hotels and other areas where mainland companies have become dominant cross-border players over the past five… Read More>>