In today’s roundup of regional news headlines, Singapore-listed Keppel DC REIT reports 2.5 percent year-on-year growth in its distribution per unit for the first half of 2022, as Mapletree Industrial Trust posts a 4.2 percent boost and CapitaLand China Trust… Read More>>
New World Puts New Territories Mall on the Market for $764M
New World Development is looking for a buyer for a retail podium of its Discovery Park development in the New Territories as the Hong Kong-listed developer shops a number of non-core properties in the city, according to market sources.
The… Read More>>
New World Approved to Redevelop Hong Kong’s State Theatre as Mixed-Use Project
A decade after it began acquiring parts of Hong Kong’s State Theatre complex, New World Development has won approval from the Buildings Department to redevelop the historic site into a mixed-use project.
The development in North Point will have a… Read More>>
New World Boss’ London Project Launches $171M Token Offering
Knight Dragon, a UK-based developer owned by New World Development’s chairman, is offering the investing public a chance to get a slice of the earnings from a London residential project through blockchain technology in a deal valued at £140 million… Read More>>
Asia Real Estate People in the News 2022-06-13
Top level moves in Hong Kong lead this week’s roundup of personnel moves from around Asia with the SAR appointing a new member to the leadership of the Urban Renewal Authority, and top developer New World Development naming a new… Read More>>
United Hampshire US REIT Buying Mall for $85.7M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore-listed REITs buy a shopping centre and sell a data centre in the US market, Hong Kong’s New World Development issues green and social bonds, and Thailand’s Central Pattana plans to invest in… Read More>>
China’s Zhenro to Default on $300M in Bonds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s Zhenro Properties is set for another offshore bond default, the property arm of Hong Kong’s Nan Hai suspends all staff for six months amid financial woes, and a pair of Singapore condo… Read More>>
New World Consolidating Causeway Bay Site for $1.7B Commercial Project
Hong Kong’s New World Development is moving closer to adding a HK$14 billion ($1.7 billion) commercial project to the city’s busiest shopping district, having reportedly applied for a compulsory sale of three adjacent properties in Causeway Bay this month, according… Read More>>
Ivanhoe Selling Canadian Mall to Chinese Investors and More Asia Real Estate Headlines
A pair of mainland investors who were fortunate enough to sell their Shenzhen mall to Link REIT three years ago for nearly $1 billion have just picked up their fourth shopping mall in the Vancouver area, with that story leading… Read More>>
New World Buying 6 China Logistics Properties From Goodman for $337.2M
Much of China’s economy may be locked down, but the country’s warehouse market remains active, with New World Development’s infrastructure investment subsidiary agreeing to purchase six mainland logistics properties from a fund managed by Australia’s Goodman Group for RMB 2.29… Read More>>
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