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Broderick Storie PAG

PAG Buys Mapletree Bay Point, Reaches $1.5B First Close on Pan-Asian Fund — Exclusive

2019/02/08 by Michael Cole Leave a Comment

Private equity firm PAG has purchased Mapletree Bay Point, a prime office building in Hong Kong’s Kowloon East area which is home to both HSBC and WeWork, according to sources familiar with the transaction who spoke with Mingtiandi.

The acquisition… Read More>>

yan jianguo coli

COLI Wins Plot on HK’s Former Kai Tak Runway for Bargain HK$8B

2018/12/29 by Jan Kot Leave a Comment

China Overseas Land & Investment (COLI) picked up Hong Kong’s final residential plot of the year for a bargain HK$8.03 billion ($1.03 billion), as clouds gather over Asia’s most expensive real estate market.

The state-run mainland developer purchased the site on… Read More>>

Ben Dickinson JLL

HK Office Rents to Rise 5% or Less in 2019 as Tenants Cool Expansion Plans

2018/12/12 by Emma Zhou Leave a Comment

Hong Kong office rents are expected to increase by no more than five percent in 2019, despite record-low vacancies in prime commercial districts, as occupier demand slows after years of competition for space in the regional finance hub, according to… Read More>>

Denis Ma JLL

We’re No. 1! Hong Kong Again Tops Global List of Prime Office Rents

2018/12/05 by Vincent Morkri Leave a Comment

Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with the district’s rents far ahead of the second city on the list, New York,… Read More>>

pan sutong goldin

Goldin Group Wins Latest Project in Hong Kong’s Kai Tak for HK$8.9B

2018/11/15 by Emma Zhou Leave a Comment

Hong Kong’s Lands Department on Wednesday announced that a residential site on what was once the runway of the city’s Kai Tak Airport has been awarded to Hong Kong financial conglomerate Goldin Group for HK$8.9 billion ($1.14 billion).

The 9,708… Read More>>

Lee Shau-kee Henderson

Henderson, New World, Wheelock and Empire Win Kai Tak Site for HK$8.33B

2018/11/07 by Michael Cole Leave a Comment

A four company consortium featuring some of Hong Kong’s biggest developers was announced as the winner of a government tender for a residential site in the city’s Kai Tak area today, picking up the prime plot at what could be… Read More>>

alan ai wework

WeWork Opens in Kowloon East With Plans for 18 HK Centres

2018/10/14 by Emma Zhou Leave a Comment

WeWork is planning to triple its number of locations in Hong Kong to at least 18 within the next two years, Alan Ai, general manager of WeWork Greater China, said at the opening ceremony of the flexible office provider’s first… Read More>>

MIchael Cheng of QNDC

HK-Listed Affiliate of Qingjian Group Buys Kowloon Site for HK$530M

2018/10/09 by Jan Kot Leave a Comment

The mainland parent of one of Singapore’s largest real estate developers will soon start work on its first Hong Kong housing project, after CNQC International paid HK$530 million ($67.7 million) for a Kowloon East site.

Hong Kong-listed CNQC International, which operates… Read More>>

samuel chu Phoenix Property

Phoenix Buys Three HK Shopping Centres From Wheelock for HK$3.38B

2018/10/09 by Emma Zhou Leave a Comment

Blue chip Hong Kong developer Wheelock and Co has sold a trio of retail properties in the city’s Tseung Kwan O area to private equity fund manager Phoenix Property Investors for HK$3.38 billion ($432 million), according to an announcement issued… Read More>>

Mapletree Bay point

Cigna Flees HK Island Office Rents With Move to Mapletree Kowloon Project

2018/10/03 by Emma Zhou Leave a Comment

Cigna Worldwide Life Insurance has become the latest multinational to flee the rising costs of Hong Kong island office space for Kowloon’s more budget-friendly shores, according to local media reports.

The US-based insurer is set to become neighbours with HSBC… Read More>>

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