ESR has acquired its second project ever in Hong Kong, having shouldered aside two competing bids to secure a logistics site at the city’s Kwai Chung container port for nearly HK$5.26 billion ($668.7 million), according to an announcement made late… Read More>>
Mapletree Industrial Trust Targets Data Centre Opportunities in Europe, APAC
Mapletree Industrial Trust vows to continue scaling up its data centre business through acquisitions in Singapore and the United States, as well as in new markets in Europe and Asia Pacific, after the Temasek-backed real estate investment trust saw its… Read More>>
New World Approved to Redevelop Hong Kong’s State Theatre as Mixed-Use Project
A decade after it began acquiring parts of Hong Kong’s State Theatre complex, New World Development has won approval from the Buildings Department to redevelop the historic site into a mixed-use project.
The development in North Point will have a… Read More>>
Mandarin Oriental Selling DC Hotel to UK’s Henderson Park For $139M
Hong Kong-based Mandarin Oriental International is selling its five-star luxury hotel in Washington DC to UK asset manager Henderson Park for $139 million as the Jardine Matheson-controlled firm continues to offload US assets on weak corporate bookings.
Mandarin Oriental told… Read More>>
Link REIT CEO Still in Buying Mode as Downturn Sparks Opportunity: MTD TV Asia REIT Forum 2022
After buying 17 assets in 15 months for a total of HK$26 billion ($3.3 billion),… Read More>>
Swire Closes in on $751M Quarry Bay Commercial Project
Swire Properties is closing in on a HK$5.9 billion ($751.9 million) commercial project on the eastern stretch of Hong Kong Island, having reportedly applied in June to force a sale of the remaining pieces which it does not already own… Read More>>
Junior Tycoon Buys Developer Jiayuan’s Hong Kong HQ at 34% Off 2018 Price
A scion of the family behind Hong Kong’s Cheung & Sons conglomerate has swooped on a 14th-floor unit at 9 Queen’s Road Central, picking up the headquarters of troubled mainland developer Jiayuan International Group for HK$95 million ($12.1 million).
Jiayuan… Read More>>
Chinese Builders Kingsford, MCC Buying Singapore Project for $637M
Kingsford Development has teamed up with a unit of state-owned conglomerate Metallurgy Corporation of China, to sign a deal for Singapore’s largest en bloc sale so far this year after making a S$890 million ($637.2 million) offer.
A notice sent… Read More>>
Hopewell Applies to Redevelop Wan Chai Haunted House into $459M Residential Project
Hopewell Holdings is planning to build a residential and retail project worth up to HK$3.6 billion ($459 million) around a reputed haunted house in Hong Kong’s Wan Chai district, according to a planning application submitted this month.
Nam Koo Terrace,… Read More>>
Sinar Mas Selling London Building to Malaysia State-Owned Firm for $292M
Sinar Mas Land continues to trade actively in London’s real estate market, with the Singapore-listed property firm on Wednesday announcing a deal to sell a commercial building near Westminster for £247.5 million ($292.3 million).
The developer controlled by Indonesia’s Widjaja… Read More>>
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