Average vacancy in Shanghai’s grade A office market reached 16.5 percent at the end of 2022, according to the most recent report from Cushman & Wakefield, with the broad range of choices available to occupiers putting pressure on landlords to… Read More>>
Asia Real Estate People in the News 2022-10-24
More turnover at defaulting Chinese developers leads this week’s collection of regional personnel moves with Shanghai’s CIFI losing a business development leader. Also announcing changes were SGX-listed Frasers Property which named a pair of new directors to its board, and… Read More>>
Swire Tower in Hong Kong Opens as IWG Flexible Office Centre
Flexible office giant IWG this past week announced the opening of a new venue occupying all 18 floors of Swire Properties’ 8 Queen’s Road East in Wan Chai, adding 67,000 square feet (6,224 square metres) of flexible space to Hong… Read More>>
IWG Opening New Centre at Former WeWork Space in Swire Wanchai Tower
Flexible office giant IWG is preparing to open its 18th Hong Kong outlet and fifth in a former WeWork location in the city, this time in a newly refurbished building owned by blue-chip developer Swire Properties.
Scheduled to open in… Read More>>
IWG Takes Over WeWork’s Former Hong Kong Flagship in Causeway Bay
Flexible office giant IWG’s sixth Spaces centre in Hong Kong will open at WeWork’s former flagship location in Causeway Bay’s Tower 535, becoming the fourth IWG outlet in the city to be grafted onto a space vacated by the once-highflying… Read More>>
CDL Said Selling Seoul Hotel to IGIS for $849M and More Asia Real Estate Headlines
Distress leads the news today with reports from Korea and mainland China showing signs of tough financial times for real estate firms, including Singapore’s CDL selling a Seoul luxury hotel after suffering a disastrous 2020.
Also, a fresh set 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>>
IWG Grabs Two Floors at Raffles Place for New Regus Singapore Location
Flexible office giant IWG is adding 22,000 square feet (2,044 square metres) of workspace across two floors in CapitaLand’s Plus building at Singapore’s Raffles Place.
The arrangement will bring Switzerland-based IWG’s Regus brand to the 28-storey building at 20 Cecil… Read More>>
Ivanhoe Cambridge in Proptech Partnership and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Canada-based real estate investor Ivanhoe Cambridge joins forces with US venture capital firm Fifth Wall on a proptech partnership, food giant Nestle is reportedly allowing its entire workforce in mainland China to work… Read More>>
IWG Opens in the Quayside in Third Takeover of Hong Kong WeWork Location
For the third time in less than a year, IWG has opened flexible offices under the Signature brand in a Hong Kong space formerly occupied by embattled rival WeWork.
The hat-trick delivers 50,000 square feet (4,645 square metres) of flexible… Read More>>