The world’s priciest office market is driven by two types of demand — from cost-conscious multinationals, and from monied mainland firms, according to Neil Anderson, Head of Office Space at Hongkong Land, whose company owns Jardine House and the Exchange… Read More>>
China Resources Said to Break HK Residential Land Price Record with HK$6B Buy
Mainland state-owned conglomerate China Resources is said to have snapped up one of Hong Kong’s most prestigious home sites, and has set a land price record in the process.
The Shenzhen-based giant, which invests in businesses from retail to energy… Read More>>
One Country, Two Sets of Sheds: Infra-Red NF’s Adventures in Greater China Self-Storage
Asia is rapidly catching up to the West in income per capita, consumer spending and a variety of other economic indicators, but the region still lags many western nations in one key metric of prosperity – space to store spare… Read More>>
HNA Reportedly Seeking HK$5B to Refinance Kai Tak Project
HNA is reportedly seeking to borrow as much as HK$5 billion ($637 million) to refinance and begin construction on its sole remaining condo project in Hong Kong’s Kai Tak area, just two months after the mainland conglomerate sold the third… Read More>>
Jiangsu Developer Jiayuan Enters Hong Kong Market via $334M JV with Tang Shing-bor
Mainland property developer Jiayuan International is venturing into Hong Kong’s residential market by buying a majority stake in three projects from Tang Shing-bor for a combined HK$2.62 billion ($334 million).
According to a statement to the Hong Kong stock exchange,… Read More>>
Henderson Land Buys Four HK Department Stores from FamilyMart Uny for HK$300M
A retail unit of blue-chip developer Henderson Land is acquiring Japanese retailer FamilyMart Uny Holdings Co’s operations in Hong Kong for HK$300 million ($38 million), expanding Henderson’s department store business to Hong Kong Island and Kowloon.
The Henderson subsidiary, Urban… Read More>>
Alibaba-Backed Kr Space Debuts in Hong Kong with 7-Floor Wan Chai Lease
Kr Space, the co-working spinoff of Alibaba-backed technology platform 36Kr, has picked Hong Kong for its first centre outside of mainland China, leasing seven stories in the One Hennessy office building in Wan Chai while it looks to open other… Read More>>
Stefan Leser Takes the Reins as CEO of Langham Hospitality Group
Langham Hospitality Group, the luxury hotel arm of Hong Kong-listed Great Eagle Holdings, has named travel and hospitality veteran Stefan Leser as chief executive officer. Leser succeeds Robert Warman, who recently retired after serving as CEO since 2014.
Based in… Read More>>
Sun Hung Kai Buys Kai Tak Site For $3.2B in Hong Kong’s Biggest Recorded Land Sale
Sun Hung Kai Properties has agreed to pay the largest sum ever at a government land sale in one of the world’s most expensive real estate markets when the listed real estate developer won a government tender for a residential… Read More>>
Hanison and Angelo Gordon Sell Sheung Wan Building to Hugo Lam for HK$1.1B
Hanison Construction and Angelo Gordon have sold a commercial building in Sheung Wan to a joint venture between mainland investor Hugo Lam and Hong Kong-listed Asia Cassava Resources for HK$1.1 billion ($140 million).
The acquisition by the joint venture provides… Read More>>
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