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>>
CIFI, Wang On Announce HK$2.6B Development JV on Hong Kong Island
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>>
Hong Kong Court Paves Way for Sale of Goldin’s Kowloon East HQ
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>>
Swire in Talks to Sell Cityplaza One in Hong Kong
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
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>>
Hong Kong Tycoon Sells Floor in the Center for $126.5M as Downturn Drags On
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
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>>
AmCham Sells Hong Kong Office at Discount After Cutting Headcount by Half
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>>
Goldin Names Purported Buyer of Kowloon HQ as Bankruptcy Looms
Goldin Financial Holdings released a flurry of announcements late Friday, including the terms of a provisional agreement for a record-breaking sale of its Kowloon East headquarters, as the Hong Kong-listed firm faces end of the month court rulings that could… Read More>>
Amazon Starts Legal Action Over India Partner’s Reliance Deal and More Asia Real Estate Headlines
India’s biggest retail deal of the year may also generate one of the country’s largest legal cases as Amazon says it is taking action against it local partner after Future Group entered into a $3.4 billion agreement with Reliance Industries.
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