The Mandarin Oriental Hotel Group said late last week that its net loss in the first half of 2020 widened to $435.5 million from $7.1 million over the same period one year ago, as the COVID-19 pandemic shuttered its hotels… Read More>>
CLSA Renews Pacific Place Lease Despite Report of Conflict and More Asia Real Estate News
Tales of Hong Kong turmoil lead Mingtiandi’s collection of real estate news today as Hong Kong brokerage has renewed its lease at a Swire property in the city despite reports of pressure from its mainland parent to steer clear of… Read More>>
Malaysia Rail Project Back on Track After 33% Price Cut and More Asia Real Estate Headlines
China’s belt and road could be back on track in Malaysia after the country’s new government worked out a plan with the Chinese contractors set to build a new rail project in the country. Also in the news today, Hong… Read More>>
HK’s Campfire Leases 16-Storey Building in SG and More Asia Real Estate News
Singapore stories figure heavily into our collection of real estate news from around the region as one of the Asian financial hub’s homegrown shared space operators opens its biggest location ever near Raffles Place and the Lion City’s former head… Read More>>
Gaw Capital Reaches $1.3B Closing on Opportunity Fund and More Asia Real Estate Headlines
Hong Kong’s highest profile private equity firm has reached another milestone as Gaw Capital Partners is reported to have reached a $1.3 billion closing for its latest opportunity fund. Two more familiar players are also back in the news, as… Read More>>
KKR, IGIS, NPS to Buy $1.9B Seoul Project and More Asia Real Estate Headlines
One of North America’s best-known private equity firms goes Gangnam-style to lead today’s list of Asia real estate headlines, by leading the acquisition of a $1.9 billion project in the posh area of Seoul with two of South Korea’s biggest… Read More>>
Mandarin Oriental Scraps Excelsior Sale as Offers Disappoint and More Asia Real Estate Headlines
China’s clampdown on outbound capital might have cost the Mandarin Oriental Hotels group its chance at a record sale as the hospitality group announced this week that it is pulling its Causeway Bay property off the market after bids failed… Read More>>
Mandarin Oriental Said Offered Record $3.8B for Excelsior Hotel
The Mandarin Oriental Hotel group has begun to receive offers for the Excelsior Hotel in Hong Kong’s Causeway Bay, with at least five bids reportedly valuing the four-star waterfront property at HK$30 billion ($3.8 billion).
If the 848-room Excelsior is… Read More>>
Mandarin Oriental Could Make $3.4B From Excelsior Hotel Sale
Hong Kong’s Mandarin Oriental Hotel group began testing buyer interest in the Excelsior Hotel in the city’s Causeway Bay district for a sale that could bring the Jardines-owned luxury hotel brand as much as HK$27 billion ($3.4 billion).
The London… Read More>>