Working on a short week Hong Kong’s real estate investors and operators still managed to complete a number of high profile investment and leasing deals before the Easter holiday, including major transactions in the Kai Tak area. The largest deal… Read More>>
Hanison Buys Kowloon East Industrial Building for HK$489M
Hanison Construction Holdings has agreed to purchase an industrial building in Hong Kong’s Kowloon East area just five months after the city’s government said it would reboot a program to encourage redevelopment of workshops, warehouses and go-downs for new uses.
PAG Buys Mapletree Bay Point, Reaches $1.5B First Close on Pan-Asian Fund — Exclusive
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>>
HK Co-Working Operator R One Space Heads to Kowloon East to Open 2nd Centre
Hong Kong’s shared office market grew even more crowded this past week, with local co-working provider R One Space traveling to Kowloon East on Wednesday to open the company’s second site in the city. The new centre follows on the… Read More>>
Industrial Sales Hit 18-Month Low in October and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s once robust industrial market has become the latest casualty of the property market downturn as the volume of warehouses and workshops traded in October sank to an 18-month low. Asset owners… Read More>>
Kai Tak Runway Site Tender Struggles to Take Off With Developers
A land parcel on what was once the take-off point for Hong Kong’s international airport, and the first housing site to be made available on a former Kai Tak runway, failed to take flight with developers on Friday when only… Read More>>
WeWork Opens in Kowloon East With Plans for 18 HK Centres
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>>
Mapletree Bay Point Get HK$9B Bid from Mainland Investment Group Zhongrong
Singapore’s Mapletree Investments has reportedly received a HK$9 billion ($1.15 billion) offer from mainland China-based Zhongrong Holdings Group for its Mapletree Bay Point office building in Hong Kong’s Kowloon East area, according to market sources familiar with the negotiations who… Read More>>
Spaces Opens Kowloon East Centre as Second New HK Venue in 30 Days
The race to open new co-working centres in Hong Kong reached another milestone last week when IWG-owned Spaces debuted its second new venue in the city within the last month.
The 37,500 square foot (3,483 square metre) Spaces Wai Yip… Read More>>
Local Family Buys Kowloon East Industrial Building for HK$1.3B
Hong Kong’s developing business hub in Kowloon East notched its latest sale of an aging industrial building this week as a local family bought the 25-storey Levertech Center for HK$1.3 billion ($165.60 million).
The buyer of the 118,000 square foot… Read More>>
