A new player has jumped into Hong Kong’s rapidly growing co-working sector, with Amsterdam-based Spaces leasing out an entire building in a prime area of the city’s Sheung Wan area to serve as a shared office venue. The deal marks… Read More>>
Mandarin Oriental Said Offered Record $3.8B for Excelsior Hotel
The Mandarin Oriental Hotel group has begun to receive offers for the Excelsior Hotel in Hong Kong’s Causeway Bay, with at least five bids reportedly valuing the four-star waterfront property at HK$30 billion ($3.8 billion).
If the 848-room Excelsior is… Read More>>
Country Garden Buys Hong Kong Waterfront Site From Wang On for $313M
China’s Country Garden has shrugged off a government clampdown on cross-border capital flows by acquiring its second Hong Kong project in less than three months. The Guangzhou-based developer is picking up a 60 percent stake in a waterfront residential site in… Read More>>
HKRI Selling Sheung Wan Office Space for Record $96M
Developer Hong Kong Resorts International (HKRI) has sold the entire 22nd floor of China Merchants Tower in Hong Kong’s Shun Tak Centre for HK$750 million ($95.9 million). The transaction, which values the office space at nearly HK$31,000 ($3,962) per square… Read More>>
Bank of China Unit Bets $396M on Pets and Co-Working in Hong Kong
A unit of Bank of China is taking a bite out of Hong Kong’s commercial property sector, as it picks up three buildings for a total of HK$3.1 billion (US$396 million), including a co-working facility in Kwun Tong and a… Read More>>
Hong Kong’s Central Bank Orders Health Check for HNA, Wanda Finances
The Hong Kong Monetary Authority, the city’s de facto central bank, is said to be reviewing lending to HNA Group and Dalian Wanda Group as pressure mounts on the debt-strapped mainland conglomerates.
Banks were required last week to provide information… Read More>>
Hong Kong Builder Buys Kowloon Apartment Block From Yuexiu for $105M
A Hong Kong-listed construction company is buying a newly completed apartment building in Kowloon for HK$820 million ($104.8 million), from Guangzhou-based Yuexiu Property, even as Hong Kong’s housing market has begun to show signs of cooling over the summer.
Grand… Read More>>
Hong Kong Shop King’s Family Buys Wan Chai Hotel for $58M
Tang Shing-bor, known for his sprawling portfolio of retail shops, is continuing his drive to become one of Hong Kong’s leading hoteliers by purchasing the Hotel Bonaparte in Wan Chai for HK$450 million ($57.5 million).
Stan Group, a property company… Read More>>
Mapletree Logistics Trust Buys Prime Hong Kong Warehouse for $618M
Singapore-listed Mapletree Logistics Trust (MLT) will add to its collection of 125 logistics assets by acquiring Mapletree Logistics Hub Tsing Yi, a modern warehouse in Hong Kong, for HK$4.8 billion ($617.6 million). The REIT, which is managed by an… Read More>>
WeWork, Naked Hub Expand in Hong Kong’s Kowloon East
WeWork, the New York-based shared office brand, is expanding its footprint in Hong Kong, on the heels of announcing $4.4 billion of new investment for its Asian growth drive.
The $17 billion firm has leased a full floor, covering nearly… Read More>>
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