Wang On Properties looks set to add another suburban residential project to its pipeline as the Hong Kong-listed developer has been identified as the buyer behind the recent HK$580 million ($74.5 million) purchase of a more than 80 percent piece… Read More>>
Manulife Puts Name on Third HK Tower After Signing City’s Biggest Lease of 2021
Canadian financial services firm Manulife now has a third office tower in Kowloon East bearing its trademarks as PAG’s International Trade Tower has been rebranded under the name of its anchor tenant.
“We are excited to broaden our footprint into… Read More>>
Far East Consortium Selling Kai Tak Commercial Project to CLP for $433M
Hong Kong-listed Far East Consortium has agreed to sell the commercial portion of a project on the former Kai Tak airstrip for a consideration of HK$3.38 billion ($433.3 million), just two weeks after joining with New World Development to acquire… Read More>>
Hong Kong’s Minibus King Sells Kwun Tong Industrial Building for 35% Off
Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma Ah-muk recording an en-bloc disposal of a Kwun Tong industrial building this month for HK$390 million ($50 million), or HK$6,657 per square foot.
Blackstone Buys Kowloon East Building From Emperor Group for $65M
A busy deal-making period in Asia continued for Blackstone this week, as the US private equity giant became the latest investment group to acquire a building in Hong Kong’s redevelopment hotbed of Kowloon East.
Emperor International Holdings, the property division… Read More>>
Manulife Signs Hong Kong’s Biggest Office Lease Since 2019 in PAG-Owned Tower
Canada-based financial services firm Manulife said Wednesday that its Hong Kong operation had signed a lease agreement for 145,000 square feet (13,471 square metres) of office space in Kowloon East, marking the city’s biggest office leasing deal in terms of… Read More>>
CK Asset Wins Last Residential Plot on Kai Tak Runway With $1.3B Bid
CK Asset bested four other local tenderers to win the final residential plot on the former Kai Tak airport runway with a bid of HK$10.28 billion ($1.33 billion), Hong Kong’s government announced on Wednesday.
The property development arm of Li… Read More>>
Goodman Buys Half of Kowloon East Industrial Building for HK$570M
CBRE this week announced the sale of the lower half of an industrial building in an up-and-coming Hong Kong district which is rapidly transforming from workshops to prime office projects.
Industrial developer Goodman confirmed to Mingtiandi today that it is… Read More>>
Goldin Receivers Reassert Control of Kowloon East Trophy Tower
Receivers controlling the Goldin Financial Global Centre (GFGC) in Hong Kong on Monday struck back at a Friday statement by Goldin Financial Holdings suggesting that it would continue to market the 28-storey tower.
Corporate restructuring firm Borrelli Walsh, which is… Read More>>
Hong Kong Court Paves Way for Sale of Goldin’s Kowloon East HQ
Mainland tycoon Pan Sutong has lost his battle for control of his Kowloon East headquarters, as Hong Kong’s High Court today ruled in favour of creditors which had seized the property in July.
The court confirmed that Smart Edge Ltd,… Read More>>
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