A joint venture between US private equity giant Blackstone and Hong Kong-based self-storage operator StoreFriendly has acquired an industrial building in Hong Kong’s New Territories for approximately HK$560 million ($72 million), with plans to convert the Tsuen Wan property into… Read More>>
Hong Kong’s Tang Family in Fresh Attempt at Kowloon East Hotel Sale
The heirs of Hong Kong’s late “Shop King” Tang Shing-bor have put a Kowloon East hotel back on the market, in their latest move to wind down the family’s property portfolio after an ill-timed venture into the city’s hospitality sector… Read More>>
CBRE Promotes Tom Gaffney to President of North Asia Advisory, Succeeding Ben Duncan
CBRE has elevated Tom Gaffney to president of the firm’s North Asia advisory business, with the post’s current holder, Ben Duncan, assuming a temporary role as North Asia chairman ahead of a planned exit next year.
Gaffney, who is regional… Read More>>
Hong Kong Office Leasing Grew Again in October as Occupiers Grabbed Bargains
Tenants in Hong Kong’s Grade A office market took up 152,500 square feet (14,168 square metres) more than they gave back in October, marking a third straight month of positive take-up, according to JLL.
The overall vacancy rate of the… Read More>>
North Point Theatre Sold for Reported $128M in Hong Kong’s Latest Occupier Buy
A landmark theatre in Hong Kong’s North Point district has been sold for a reported HK$1 billion ($128 million) in the latest sign of occupiers buying Hong Kong properties for their own use, as end users look to lower their… Read More>>
Hong Kong Slips in Global Retail Rent Rankings as Recovery Lags
Hong Kong’s Tsim Sha Tsui slid to the third spot among the world’s most expensive shopping districts this year as economic recovery in the Asian financial hub lagged its global peers, according to a report released this month.
Retail rents… Read More>>
Mingtiandi Hong Kong Forum 2024 On-Location Event
Having welcomed nearly 200 industry professionals at our inaugural Hong Kong Forum in 2023, Mingtiandi returns in 2024 to once again bring together top experts for a full day exploration of the opportunities and challenges in Asia’s biggest financial hub.
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.
Receivers Take Over Hong Kong Mansions From Entities Linked to Evergrande Boss
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>>
Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total
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>>
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