Goodman Group late last month agreed to acquire nearly three-quarters of an industrial building in the New Territories from the family of Hong Kong’s late “Shop King” Tang Shing Bor as the Australian developer looks to expand its now fully… Read More>>
Yanlord’s United Engineers Wins Approval to Redevelop Singapore’s 79 Anson Road
Urban rejuvenation efforts are gaining traction in Singapore as the government greenlights a series of redevelopment projects in the downtown core, including a reported plan by United Engineers Ltd to redevelop an Anson Road office tower into a mixed commercial… Read More>>
Kailong Buying New Territories Industrial Building From Tang Family for Reported $55M
Fund manager Kailong Group has agreed to acquire ownership of 90 percent of the space in a New Territories industrial building from the family of Hong Kong’s late “Shop King” Tang Shing-bor, according to sources familiar with the deal.
Kailong… Read More>>
Alibaba-Led Consortium Gets Nod for Singapore’s Tallest Skyscraper in Tanjong Pagar
Mainland tech giant Alibaba together with consortium partners led by Perennial Holdings are set to build Singapore’s tallest tower after regulators approved their proposal for a 305-metre (1,001-foot) skyscraper in Tanjong Pagar.
In a grant of written permission dated 7… Read More>>
Hong Kong’s URA Rejigs $5B Project in Kowloon
Hong Kong’s Urban Renewal Authority is preparing for a HK$46 billion ($5.8 billion) mixed-use project in Kowloon, having submitted an application to the Town Planning Board late last month revising a development plan for a site in Kwun Tong.
The… Read More>>
Singapore’s Elite Partners Enters Netherlands Market With Warehouse Buy
Elite Partners Capital on Tuesday announced its acquisition of a warehouse in the central Netherlands, marking the Singapore-based fund manager’s entry into the Dutch logistics market.
The asset in the city of Nunspeet provides a gross floor area of 30,817… Read More>>
Ares Hires Bryan Southergill to Run Asia Real Estate Business
After more than eight years leading real estate investments for KKR in Asia, Bryan Southergill has taken on a new role establishing a property team for Ares Management in the region.
The veteran fund manager started his new role on… Read More>>
ESR-Logos REIT Selling Jurong East Warehouse to ST Logistics for $32M
It was a busy week for ESR-Logos REIT after its manager announced back-to-back deals, with the S$43.5 million ($32 million) sale of a warehouse in Jurong East to local logistics firm ST Logistics coming on the heels of sponsor ESR… Read More>>
Hongkong Land Swings to H1 Profit, Cautious on Full-Year Results
Hongkong Land posted a first-half profit attributable to shareholders of $292 million, reversing a year-earlier loss of $865 million, but the builder remains lukewarm on the full-year outlook as anti-COVID measures roil office leasing in its home patch and sporadic… Read More>>
China Evergrande Marketing Hong Kong HQ at 28% Markdown
China Evergrande Group is marketing its Hong Kong headquarters at a valuation of around HK$9 billion ($1.15 billion), with Li Ka-shing’s CK Asset Holdings having placed a bid for the Wan Chai office tower, according to sources who spoke with… Read More>>
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