While the words Korea and Singapore have dominated the news headlines this week, some of the world’s biggest real estate investors are focusing their gaze on the suddenly less exciting South Korea, where chances of a meaningful sale and purchase… Read More>>
Mainland Tenants Only Care About Being in the Right Building Says Hongkong Land
The world’s priciest office market is driven by two types of demand — from cost-conscious multinationals, and from monied mainland firms, according to Neil Anderson, Head of Office Space at Hongkong Land, whose company owns Jardine House and the Exchange… Read More>>
Greenland-Led Group Drops $2B Bay Area Project, Sells Site for $308M
A consortium led by Chinese property giant Greenland Group has completed its exit from what was once touted as a $2 billion project on the West Coast of the US less than two years after buying the site.
Greenland USA… Read More>>
SG Co-Working Operator The Great Room Leases First HK Space in Swire’s One Taikoo Place
High-end Singaporean co-working provider The Great Room is venturing into Hong Kong for the first time by leasing a full floor in Swire Properties One Taikoo Place project in Quarry Bay, according to a revelation today by Swire’s head of… Read More>>
Carrefour, Tencent Open First Le Marche Smart Supermarket in Shanghai
Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the parent company of China’s ubiquitous WeChat app bought a stake in the French retailer. The Le Marche store in China’s commercial capital is… Read More>>
Alibaba-Backed Kr Space Debuts in Hong Kong with 7-Floor Wan Chai Lease
Kr Space, the co-working spinoff of Alibaba-backed technology platform 36Kr, has picked Hong Kong for its first centre outside of mainland China, leasing seven stories in the One Hennessy office building in Wan Chai while it looks to open other… Read More>>
CEFC Europe Deals Hit the Wall as Investment Firm Defaults on $327M in Bonds
One of China’s most troubled cross-border investors became the mainland’s latest default story this month as a unit of China CEFC Energy informed the Shanghai stock exchange that it had failed to fulfill obligations for bond payments totalling RMB 2.09… Read More>>
KKR Hires CLSA Veteran John Pattar as Head of Asia Pacific Real Estate
KKR has appointed John Pattar as Member and Head of the company’s real estate business in Asia Pacific, according to an announcement today by the pioneering US private equity firm. Pattar joins KKR in Hong Kong from CLSA Real Estate,… Read More>>
ESR Sets Up Offshore Fund to Buy $1B in Mainland Logistics Projects
Pan-Asian logistics developer ESR is joining with Beijing Properties to set up an offshore fund which would acquire logistics projects worth RMB 6.4 billion ($1 billion) from the mainland builder. The move came a day after Warburg Pincus-backed ESR received… Read More>>
Sun Hung Kai Buys Kai Tak Site For $3.2B in Hong Kong’s Biggest Recorded Land Sale
Sun Hung Kai Properties has agreed to pay the largest sum ever at a government land sale in one of the world’s most expensive real estate markets when the listed real estate developer won a government tender for a residential… Read More>>
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