A scion of one of Hong Kong’s wealthiest families has acquired an 11-storey commercial building in Hong Kong’s core business district as local media accounts identify the buyer of 118-120 Queen’s Road Central as William Junior Guilherme Doo, a director… Read More>>
$1B West Kowloon Commercial Project Up for Tender in Hong Kong
Hong Kong developers have once again been invited to submit bids for a commercial project in the city’s West Kowloon area which could be worth as much as HK$10.7 billion ($1.36 billion) upon completion.
The West Kowloon Cultural District Authority,… Read More>>
Lenders Move to Seize Evergrande’s Hong Kong Headquarters
China Evergrande’s struggle to pay its debts produced more drama this past week as lenders to the world’s most indebted developer took steps to seize its Hong Kong headquarters.
The unidentified lenders to Shenzhen-based Evergrande have appointed a receiver to… Read More>>
APG-Wang On JV Buying Out CIFI Stake in Hong Kong Project for $170M
Financial pressure on mainland developers is creating opportunities for investors in Hong Kong’s residential sector, with Shanghai-based CIFI Holdings agreeing to sell its 60 percent stake in a Fortress Hill project with Wang On Properties to a joint venture of… Read More>>
Hong Kong’s Fairland Holdings Buys To Kwa Wan Retail Centre for $54M
Hong Kong developer Fairland Holdings has acquired a neighbourhood shopping centre in the urban renewal hotbed of To Kwa Wan for HK$425 million ($54.2 million).
Fairland, known locally for its suburban developments Fairview Park in Yuen Long and Hong Lok… Read More>>
Swire Tower in Hong Kong Opens as IWG Flexible Office Centre
Flexible office giant IWG this past week announced the opening of a new venue occupying all 18 floors of Swire Properties’ 8 Queen’s Road East in Wan Chai, adding 67,000 square feet (6,224 square metres) of flexible space to Hong… Read More>>
Wang On Selling Ap Lei Chau Property to JV With APG for $70M
Hong Kong developer Wang On Properties will sell a building at 128-130 Main Street on Ap Lei Chau island to its joint venture with Dutch fund manager APG for HK$554.8 million ($70.6 million), with the partners planning to redevelop the… Read More>>
Link REIT Wins Kowloon East Commercial Site With $97M Bid
If questions remained about Hong Kong-based Link REIT’s dedication to the hometown cause, they should be laid to rest after Asia’s largest listed trust bested four other bidders to clinch a Kowloon East commercial site for HK$766 million ($97.6 million).
Australia’s Goodman Opens 400MW Hong Kong Data Centre Campus
Australian industrial specialist Goodman Group on Wednesday opened a data centre complex in Hong Kong’s New Territories with up to 400 megawatts in overall power capacity, creating one of the city’s largest digital infrastructure facilities.
The bit barn is part… Read More>>
Hong Kong’s Chinachem Moves into Healthcare with $57M Acquisition
Hong Kong developer Chinachem has agreed to pay HK$451.2 million ($57.5 million) for a majority stake in a Hong Kong-listed senior care provider as the company prepares to expand into healthcare and senior living.
Privately held Chinachem will acquire a… Read More>>
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