Angelo, Gordon & Co and the family behind the Chellaram trading and transport company are offering to sell a set of three office floors in Kowloon East for around 37 percent more than they paid to purchase them… Read More>>
Investors Leong and Tang Put HK$12.5B in Hong Kong Properties Up for Sale
Two of Hong Kong’s best known real estate investors were revealed this week to have put a total of over HK$12 billion ($1.5 billion) worth of local properties on the market, leading to speculation over the market outlook of the… Read More>>
Mainland Investors Dominate as Big Ticket HK Office Deals Jump by 136% in One Year
While restrictions on outward flows of capital have been blamed for drop-offs in Chinese investment in the US, UK and Australia, the impact of mainland money is still being felt in Hong Kong, where investors from north of the SAR… Read More>>
SG Co-Living Startup Hmlet Acquires Hong Kong Competitor We R Urban
Singapore co-living enterprise Hmlet has agreed to acquire Hong Kong competitor we r urban, extending its reach to a third Asian city and increasing capacity by 23 percent overnight, according to a statement by the company.
The acquisition adds we… Read More>>
HK’s Three Garden Road Gets New TEC Location as Shared Office Market Grows
As co-working startups stumble over each other for Hong Kong office space, locally based serviced office operator The Executive Centre, is literally taking the high road for a new centre recently opened at Champion REIT’s Three Garden Road. The new venue… Read More>>
China Resources Land Revealed as Buyer of HK$5.9B Hong Kong Housing Site
China’s clampdown on outbound capital may have brought low once-powerful investors such as Dalian Wanda and HNA, but at least some players still have some cash to spend across the border, as a company controlled by directors of Shenzhen-based developer… Read More>>
KPMG Said Taking Up to 10 Floors in Swire’s South Island Place
International accounting firm KPMG is said to have signed up for 150,000 square feet (14,000 square metres) of space at South Island Place, an upcoming office project under development in Hong Kong’s Wong Chuk Hang area.
The lease, which would… Read More>>
Nike Gets 25% Rent Cut to Take Over Former Esprit Flagship in Causeway Bay
Athletic apparel brand Nike has stepped in where Hong Kong’s own Esprit faltered, leasing a 7,000 square foot (650 square metre) shop in Causeway Bay’s Leighton Centre for a reported monthly rent of HK$1.5 million.
The swoosh logo will soon… Read More>>
Henderson, Lai Sun Said to Sell Tsim Sha Tsui Tower for HK$4.1B
Hong Kong developers Henderson Land and Lai Sun have reached an agreement to sell 8 Observatory Road, a vertical retail building in Hong Kong’s Tsim Sha Tsui area for HK$4.1 billion ($522 million), according to market sources who spoke with… Read More>>
Hong Kong’s Lofter Group Bets HK$500M on Developing Grade A Offices in Kowloon
Hong Kong’s world leading office rents are leading to conversion of more of the city into places to park desks and monitors as well as to greater opportunities for fund investors to profit from turning aging industrial and residential space… Read More>>
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