In today’s roundup of regional news headlines, retail giant Ikea has gone from selling furniture for your new apartment to selling you a home too as the Swedish firm launches residential sales at a mixed-use project in the capital of… Read More>>
IWG Forms Greater China Flexible Office JV with Hong Kong’s Hysan
Flexible office provider IWG and retail and office landlord Hysan Development will form a joint venture with the exclusive right to operate all IWG brands in Hong Kong and throughout the Greater Bay Area, the companies announced Monday.
The JV… Read More>>
CC Land Boss Wins Approval for £500M London Palace and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Hong Kong tycoon wins permission to build his eight-storey central London hideaway, the kings of Causeway Bay snap up another slice of the premier retail district, and a Texas-based private equity player… Read More>>
Hysan-Chinachem JV Wins Site in Hong Kong’s Causeway Bay With $2.6B Bid
The kings of Causeway Bay at Hysan Development have defended their turf, besting five other bidders to secure a commercial site near the group’s collection of projects in Hong Kong’s premier retail district.
A joint venture of Hysan, controlled by… Read More>>
Blackstone May Buy Back $2.4B Anbang Japan Portfolio and More Asia Real Estate Headlines
Alternative asset giant Blackstone leads today’s headline roundup with news of potential acquisitions in both Japan and India, as Mingtiandi helps you through the headlines.
In mainland China, the government’s ongoing clampdown on the housing industry continues to discourage developers,… 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>>
Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store
Hong Kong-listed fashion brand Esprit Holdings will not renew the lease for its flagship store in Causeway Bay, according to local media reports.
The lease for the 7,000 square foot (650 square metre) store in Leighton Centre at 77 Leighton… Read More>>
Goldman Leases Five Floors in Causeway Bay as Blue Chip Bank Balks at Central Rents
Hong Kong’s Central has rents so high that even a $900 billion investment bank has decided to flee the city’s traditional business district. Goldman Sachs is said to be moving its back office staff to a new location three metro… Read More>>
New World Buys Up HK$700M Stake in TST Building and More Hong Kong Real Estate Headlines
Leading today’s headlines, New World Development has acquired over half of the ownership of a building on Hankow Road in Kowloon’s Tsim Sha Tsui commercial district for HK$700 million ($89 million) as the city’s major developers continue to snatch up… Read More>>
City Weighs Tax Deduction for Renters and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s financial chief said the government is mulling tax sweeteners to make housing a bit more affordable for renters. Also in the headlines, the Hong Kong Stock Exchange will be moving its… Read More>>