Henderson Land Development booked an attributable net profit of HK$9.3 billion ($1.2 billion) in 2023, a 0.2 percent increase from the prior year, as growth in property development sales and leasing income helped offset a HK$1.7 billion ($217 million) markdown… Read More>>
Asia Real Estate People in the News 2024-03-18
The world’s largest pension fund manager leads this week’s round of personnel moves from around Asia’s real estate industry, with Japan GPIF said to be ready to hand an extension to its CIO. Top level moves for Canada’s CDPQ in… Read More>>
Korean Banks Losing $749M on Overseas Deals and More Asia Real Estate Headlines
South Korea’s five largest financial companies have suffered nearly three-quarters of a billion dollars in losses on overseas real estate investments, with that story leading Mingtiandi’s headline roundup today. Also in the news, the trustee-manager of Dasin Retail Trust has… Read More>>
Goldman Predicts 2025 Hong Kong Housing Rebound and More Asia Real Estate Headlines
Goldman Sachs expects Hong Kong’s residential property prices to recover in 2025 after hitting bottom this year, with that story leading today’s headline roundup. Also in the news, the UK’s Coller Capital leases a partial floor in The Henderson in… Read More>>
Keppel Earnings Jump on Sale of Offshore Unit and More Asia Real Estate Headlines
Singapore’s Keppel reported record earnings for 2023, thanks to the one-off sale of a major subsidiary, with that story leading today’s headline roundup. Also in the news, a pair of SGX-listed REITs report lower payouts and Beijing is providing more… Read More>>
Henderson Adds to Kowloon Pipeline with Acquisition of Tsim Sha Tsui Building
Henderson Land has secured full ownership of an ageing building in the heart of Hong Kong’s Tsim Sha Tsui district, as the developer continues to build out its presence in Kowloon.
Two months after winning approval from Hong Kong’s Lands… Read More>>
Fitch Downgrades Lippo Malls Indonesia Retail Trust and More Asia Real Estate Headlines
A Singapore-listed trust of Indonesian malls leads today’s headline roundup as Fitch Ratings predicts a bond default in the coming months. Also making the cut is some tough bargaining over a distressed Korean builder and Hong Kong’s Henderson Land pushes… Read More>>
CIFI Buying Out Henderson Land’s Half-Stake in Shanghai HQ Project for $60M
Mainland builder CIFI Holdings is buying out the 50 percent interest held by Hong Kong’s Henderson Land in a Shanghai residential and commercial project containing CIFI’s headquarters, with Henderson set to be paid RMB 428.2 million ($59.7 million) for the… Read More>>
Li Ning Buying Office Tower From Henderson for $283M to Set Up Hong Kong HQ
Chinese gymnastics legend Li Ning made his name being fearless on the pommel horse and rings, and now the sportswear company that bears his name is vaulting into a Hong Kong office market where many investors fear to venture.
China’s… Read More>>
Henderson Faces Cost Quandary as 23-Storey Kowloon Tower Wins Compulsory Sale Nod
Hong Kong developer Henderson Land has received approval for the compulsory sale of one of two blocks in the storied Champagne Court in the heart of Hong Kong’s Tsim Sha Tsui district, according to a ruling by the Lands Tribunal.
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