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Paul MacAndrew IWG

Abandoned WeWork Kowloon Location to Open as New IWG Centre

2020/11/11 by Elizabeth Kerr Leave a Comment

Hong Kong’s prime business districts continue to welcome expansion by the world’s largest full-service flexible workspace provider, as IWG is set to scoop up more spoils from the near collapse of former co-working giant WeWork.

The Switzerland-based office operator will… Read More>>

Goodwin Gaw

Gaw Capital, Schroder Pamfleet Lead HK$9.8B Buy of Swire’s CityPlaza One

2020/11/09 by Michael Cole Leave a Comment

An investment consortium led by fund managers Gaw Capital Partners and Schroders Pamfleet have agreed to buy the CityPlaza One office building in Hong Kong from Swire Properties, braving declining office leasing activity to make the city’s largest acquisition of… Read More>>

victor fung Li & Fung

Li & Fung Retail Unit Sells Hong Kong Circle K Stores for $360M

2020/11/09 by Elizabeth Kerr Leave a Comment

After resetting itself as a private corporation last year, Hong Kong trading firm Li & Fung’s restructuring continues, this time with the sale of its Hong Kong and Macau Circle K stores to Quebec-based convenience store operator and brand owner… Read More>>

Teresa Ching Wang On

CIFI, Wang On Announce HK$2.6B Development JV on Hong Kong Island

2020/11/01 by Michael Cole Leave a Comment

Two years after launching a residential joint venture in Kowloon East, Hong Kong’s Wang On Properties and Shanghai-based developer CIFI Holdings are teaming up again with a plan to build homes on Hong Kong Island.

The pair of Hong Kong-listed… Read More>>

pan sutong goldin

Hong Kong Court Paves Way for Sale of Goldin’s Kowloon East HQ

2020/10/30 by Michael Cole 2 Comments

Mainland tycoon Pan Sutong has lost his battle for control of his Kowloon East headquarters, as Hong Kong’s High Court today ruled in favour of creditors which had seized the property in July.

The court confirmed that Smart Edge Ltd,… Read More>>

Merlin Swire

Swire in Talks to Sell Cityplaza One in Hong Kong

2020/10/28 by Michael Cole Leave a Comment

Just over one week after its airline division cut 6,000 workers, the property development business of Hong Kong’s Swire Group says it is in talks to dispose of an office building on Hong Kong island.

Swire Properties announced to the… Read More>>

Hong Kong Office Market Decline Tapers Off in September

2020/10/27 by Christopher Caillavet Leave a Comment

Hong Kong’s troubled Grade A office market saw rents fall again in September, albeit at a slower pace, as vacancies continued to climb in most districts.

Rents contracted further across all major office submarkets in the financial hub, according to… Read More>>

david chan ping chi

Hong Kong Tycoon Sells Floor in the Center for $126.5M as Downturn Drags On

2020/10/25 by Michael Cole Leave a Comment

With tenants continuing to hand back offices in Hong Kong’s traditional business district, a local tycoon has sold off a floor in the Center on Queen’s Road after marketing the commercial asset for two years, according to market sources.

David… Read More>>

Brookfield Buying $2B in India Commercial Assets and More Asia Real Estate Headlines

2020/10/20 by Shiunne Bulsombut Leave a Comment

India continues to make headlines this week as Brookfield strikes a deal to buy $2 billion in commercial assets from a Bengaluru-based developer, just days after Blackstone inked its own $1.6 billion deal.

Singapore’s Mapletree also unveiled its own mega-deal,… Read More>>

robert grieves amcham

AmCham Sells Hong Kong Office at Discount After Cutting Headcount by Half

2020/10/19 by Elizabeth Kerr Leave a Comment

US presence in Hong Kong took another hit earlier this month when the American Chamber of Commerce in the city sold its offices in Central at a discount.

AmCham Hong Kong sold its 5,968 square foot (554 square metre)… Read More>>

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