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Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

Receivers Take Over Hong Kong Mansions From Entities Linked to Evergrande Boss

2023/11/22 by Beatrice Laforga Leave a Comment

A creditor has taken over two mansions on Hong Kong’s Peak once valued at a reported HK$1.5 billion ($192 million) in the latest seizure of assets linked to fallen mainland billionaire Xu Jiayin and his China Evergrande Group.

Land Registry… Read More>>

Michael Smith Hongkong Land

Hongkong Land Names Mapletree’s Smith Chief Executive as Office Slump Continues

2023/11/21 by Michael Cole 1 Comment

The biggest landlord in Hong Kong’s Central district is headed to a second straight year of declining profits and the owner of Exchange Square and Jardine House now plans new leadership in 2024, according to an announcement on Tuesday.

Hongkong… Read More>>

Cheng Kar-Shun, NWD

New World’s Henry Cheng Says Searching for Successor, May Opt for External Candidate

2023/11/21 by Kevin He Leave a Comment

Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s business and did not rule out selecting an external candidate, throwing into question the role of his eldest son,… Read More>>

Josh Chen Sheng

State-Owned Mainland Investor Buying Control of Vnet Data Centres in $299M Deal

2023/11/21 by Poonyapat Luenam Leave a Comment

A state-run mainland investor is buying $299 million of new shares in Chinese data centre operator Vnet in a deal that will hand control of the Blackstone and GIC-backed company to the Shandong provincial government company.

A pair of subsidiaries… Read More>>

MTR Tung Chung

Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total

2023/11/20 by Kevin He Leave a Comment

The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the previous seven years, according to a report by consultancy JLL.

The government has withdrawn four residential sites from tenders since… Read More>>

Rahul Pandit

Blackstone in Need of New CEO for India Industrial Platform as Rahul Pandit Departs

2023/11/20 by Poonyapat Luenam Leave a Comment

Having established a portfolio of 17 industrial developments across eight major markets in India, Blackstone is looking for new leadership for its Horizon Industrial Parks joint venture in the country, Mingtiandi can confirm.

Rahul Pandit, who served as chief executive… Read More>>

Swire Properties chairman Guy Bradley

Swire Selling Hong Kong Office Floors for $693M as Development Plan Steams Ahead

2023/11/18 by Michael Cole Leave a Comment

With rising interest rates dimming the appeal of bank loans, Hong Kong’s Swire Group have turned to their Hong Kong office portfolio to raise cash, with two of the conglomerate’s listed units announcing late Friday that they have agreed to… Read More>>

Claire Tang of LaSalle IM

LaSalle Confirms Second Singapore Office JV with TE Capital

2023/11/18 by Michael Cole Leave a Comment

LaSalle Investment Management late last week issued a statement announcing its second joint venture with Singapore’s TE Capital Partners, confirming a Mingtiandi report from earlier in the week that the pair have teamed up to purchase an office building in… Read More>>

Sherman Kwek of CDL

Singapore’s CDL Boosts UK Residential Portfolio with London, Manchester Projects

2023/11/17 by Kevin He, Beatrice Laforga Leave a Comment

Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of a condo-led mixed use project in London and a rental apartment project in Manchester.

A joint venture between CDL and UK developer… Read More>>

SC Zeus South Korea

SC Zeus Data Centers Enters Japan Market with 50MW Osaka Project

2023/11/17 by Poonyapat Luenam Leave a Comment

SC Zeus Data Centers has acquired an Osaka site to develop a 50MW data centre project, marking its entry into the Japanese market.

According to the Japanese-language press release on Tuesday, the 13,223 square metre (142,331 square feet) site in… Read More>>

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