Alibaba Group is in talks to buy the top 13 floors of the Mandarin Oriental Hotel Group’s soon to be completed Causeway Bay commercial tower in a HK$7 billion ($900 million) deal which would rank as Hong Kong’s largest of… Read More>>
KKR Picks Morgan Stanley for Japan Logistics IPO and More Asia Real Estate Headlines
KKR selects Morgan Stanley to advise on a public offering of the fund manager’s Logisteed unit in Japan, with that report leading today’s headline roundup. Also in the news, billionaire Gautam Adani eyes an expansion of his data centre plans… Read More>>
$98M Singapore Bungalow Buy Linked to Hillhouse Boss and More Asia Real Estate Headlines
Two adjoining bungalows on Singapore’s Belmont Road change hands for a total of $97.8 million, with that story leading Mingtiandi’s headline roundup today. Also making the list, the People’s Bank of China cuts a key interest rate and Singapore-listed CapitaLand… Read More>>
Mandarin Oriental Launching Causeway Bay Project into Hong Kong Office Headwinds
More than five years after announcing a $650 million plan to redevelop the former Excelsior Hotel into a commercial project set to ride a boom in demand, Hong Kong’s Mandarin Oriental Hotel Group recently announced preparations to begin leasing the… Read More>>
September Hearings Set for Evergrande Debt Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Hong Kong court schedules September hearings to determine the fate of China Evergrande’s debt restructuring plan, and Singapore’s GIC gathers funds for a South Korean data centre project. Also making the cut… Read More>>
Asia Real Estate People in the News 2023-05-15
A promotion at a Singapore-based fund manager leads this week’s roundup of personnel moves in Asia Pacific’s real estate industry, followed by a top level change at Joseph Lau’s Chinese Estates in Hong Kong. Also making the list are new… Read More>>
Mandarin Oriental Swings to Underlying Profit as Revenue Tops Pre-COVID Levels
Hong Kong-based Mandarin Oriental International announced a return to underlying profit in last year’s preliminary results as the hotel group’s revenue surpassed pre-pandemic levels.
The Jardine Matheson-controlled chain posted an underlying profit attributable to shareholders of $8 million for the… Read More>>
Mandarin Oriental Selling DC Hotel to UK’s Henderson Park For $139M
Hong Kong-based Mandarin Oriental International is selling its five-star luxury hotel in Washington DC to UK asset manager Henderson Park for $139 million as the Jardine Matheson-controlled firm continues to offload US assets on weak corporate bookings.
Mandarin Oriental told… Read More>>
Asia Real Estate People in the News 2021-12-06
Senior level shifts at Savills Investment Management, KKR and Knight Frank lead Mingtiandi’s roundup of personnel moves from around Asia this week, with the Mandarin Oriental Hotel Group, JLL and Link REIT also announcing promotions and taking on fresh talent.
Asia Real Estate People in the News 2021-11-22
Fun and games lead this week’s roundup of personnel moves from around Asia Pacific, with the owner of a chain of mainland China water parks promoting its chief executive. Also making the list this week are board-level moves at Banyan… Read More>>