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27 Lugard Road

HNA Sells Mansion at Hong Kong’s Peak at 22% Loss After One Year

2019/04/09 by Jan Kot Leave a Comment

HNA Group is said to have sold a site with two historical homes in Hong Kong’s prestigious Victoria Peak area for HK$550 million ($70 million), suffering a more than 22 percent loss on the property just over one year after… Read More>>

Adam Neumann WeWork

WeWork Said Leasing Six Floors in TST as Hong Kong Expansion Continues

2019/04/02 by James Hatton Leave a Comment

US co-working unicorn WeWork still has its foot on the gas in Hong Kong with local news sources saying the flexible space startup has just taken on six new floors in Wharf’s Harbour City complex near the Star Ferry terminal… Read More>>

pharrell williams Adrian Cheng

Property Blue Blood Adrian Cheng Gets Cozy with Pop God Pharell Williams

2019/03/28 by James Hatton Leave a Comment

Property aristocracy rubbed shoulders with pop royalty in Hong Kong earlier this week when Adrian Cheng schmoozed with superstar Pharrell Williams at the pre-launch unveiling of K11 ARTUS, the real estate scion’s brand of serviced apartments for cultural creatives at… Read More>>

kai tak runway

Wheelock, Henderson, COLI and New World Team Up to Win Kai Tak Site for HK$9.9B

2019/03/28 by Jan Kot Leave a Comment

Hong Kong’s Lands Department on Wednesday announced that a consortium of three Hong Kong developers, together with the mainland’s China Overseas Land & Investment had won the largest residential site on what had been the runway of the city’s former… Read More>>

Payson Cha Hanison

Hanison Said to Offer HK$1.9B for Kingboard’s Hong Kong Office Block

2019/03/27 by James Hatton Leave a Comment

A 32-storey commercial building in Hong Kong’s Sheung Wan area is on the verge of being sold for HK$1.9 billion ($242 million) according to local media reports this week, despite the city’s office market during the first quarter of 2019… Read More>>

Kwok Ying Lan Yuzhou

Yuzhou Properties Buys HK Office Floor From Chairman’s Wife for HK$898M

2019/03/25 by Jan Kot Leave a Comment

Members of the consortium that paid nearly $5.2 billion to purchase the Center on Hong Kong’s Queen’s Road in 2017 have been struggling in the city’s current market slowdown, but an announcement this week indicates that one of the wealthy… Read More>>

Bernadette Linn Director of Lands

Kai Tak Residential Site Gets Six Bids From 10 Hong Kong Developers

2019/03/24 by Jan Kot Leave a Comment

Hong Kong’s Lands Department announced on March 22 that it had received six bids from a total of 10 developers for a 103,150 square foot (9,583 square meter) residential plot on the site of the city’s former Kai Tak Airport.

… Read More>>

28 Barker Front

House on Hong Kong’s Peak Sells at 26% Discount as Market Struggles

2019/03/11 by Michael Cole Leave a Comment

A luxury house on Hong Kong’s Victoria Peak has reportedly sold at a 26.5 percent discount from the seller’s original asking price, after going unpurchased for the past seven months, according to local media accounts.

House No 5 at 28… Read More>>

Chris Heady Blackstone

Blackstone Buys HNA’s HKICIM for HK$7B

2019/03/10 by Michael Cole Leave a Comment

Funds managed by Blackstone have agreed to purchase a controlling stake in Hong Kong International Construction Investment Management Group Co. Ltd (HKICIM), the listed property subsidiary of China’s HNA Group, for HK$7.02 billion ($894.8 million), according to an announcement to… Read More>>

Ray Lawler Hines

US Developer Hines Opens APAC Headquarters in Hong Kong

2019/03/06 by Jan Kot Leave a Comment

Real estate developer Hines announced this week that it has opened an office in Hong Kong to serve as the Houston-based developer’s Asia Pacific headquarters and appointed company veteran Ray Lawler to lead an executive team for the region.

Lawler… Read More>>

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