Hong Kong’s Kwun Tong district has chalked up another landmark transaction, with Wheelock subsidiary Wharf Group selling a waterfront office tower project to mainland developer LVGEM for HK$9 billion ($1.2 billion), in one of the biggest real estate deals in… Read More>>
Hong Kong’s Laws Group Buys Kowloon East Site for $178M
Hong Kong’s Kowloon East business district has just received another shot in the arm, with Laws Group scooping up an ageing industrial building in the rising commercial area for HK$1.39 billion ($178.1 million). The family owned conglomerate says it plans… Read More>>
Nan Fung Makes Hong Kong’s Biggest Land Buy Ever With $3.2B Kai Tak Bid
Hong Kong’s Nan Fung Development has outbid 11 rivals to win a commercial site near the former Kai Tak airport for the record-breaking price of HK$24.6 billion ($3.16 billion), according to a statement from the city government late yesterday.
Although… Read More>>
HNA Said Buying Kwun Tong View From Phoenix for HK$2 Bil
Maybe it’s the memories of jetliners buzzing the Kowloon shoreline, but China’s HNA seems to have a particular fondness for Hong Kong’s Kai Tak area. The mainland conglomerate is said to be finalising a deal to spend HK$2 billion ($257… Read More>>
HNA Group Sets 2nd Hong Kong Land Record in 2 Months with HK$5.4B Kai Tak Deal
China’s HNA Group continued its acquisition spree this week by returning to Hong Kong’s land market for a second record-setting site purchase in as many months.
The parent company of China’s Hainan Airlines agreed on Monday to pay HK$5.4 billion… Read More>>
Carrie Lam Hypes Public Sector Role in Success of HK’s Kowloon East
More than $2.2 billion in commercial properties have changed hands in Hong Kong’s Kowloon East in the past year, and the city’s penultimate leader was quick to point out the government’s role in creating favourable conditions for this real estate… Read More>>
Link REIT and Nan Fung Reel In JP Morgan to Anchor Kowloon Office Complex
Plans to turn Kowloon East into Hong Kong’s second central business district received a boost last week after JP Morgan announced it would establish a major presence at Link REIT and Nan Fung Development’s 77 Hoi Bun Road office complex…. Read More>>
Prosperity REIT Unit Holders Reject HK$1.9B Deal for Phoenix’ Kwun Tong View
Unit holders in ARA Asset Management-controlled Prosperity REIT overwhelmingly rejected the trust’s proposed HK$1.9 billion acquisition of an office building in Hong Kong this week, according to a statement by the trust to the Hong Kong stock exchange.
The proposed… Read More>>
Prosperity REIT Acquires Kowloon Tower From Phoenix for HK$1.9B
Prosperity REIT has agreed to acquire a 24-storey commercial building in Kowloon’s Kwun Tong area from Phoenix Property Investors, as the two property investment specialists continue to cash in on demand for office space in developing districts of Hong Kong.
Pamfleet Sells Kowloon East Office Project for HK$560 Mil
Regional real estate investment house Pamfleet has sold The Mark, an office development in Hong Kong’s Kowloon East area to a local listed company for HK$560 million ($72 million), according to an announcement filed on Friday with the Hong Kong… Read More>>
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