UK fund manager Schroders could see creditors take over a second property from its Hong Kong portfolio in just over a month as Singapore’s UOB mulls seizing a North Point shopping mall following a default on a HK$1.5 billion ($190… Read More>>
Schroders Marketing Hong Kong Mall at 20% Below 2017 Purchase Price
Schroders has launched a sale campaign for a third Hong Kong asset in four months, with market sources confirming that the London-based fund manager is asking HK$1.6 billion ($210 million) for the Worfu mall in North Point.
Schroders teamed with… Read More>>
Hong Kong’s Cassette King Marketing North Point Commercial Block After 44% Drop in Value
Hong Kong’s “King of Cassettes” David Chan Ping-chi has put up for tender a commercial block in Hong Kong Island’s North Point area at a price reckoned to be as much as 44 percent below what he was asking for… Read More>>
Li Ning Buying Office Tower From Henderson for $283M to Set Up Hong Kong HQ
Chinese gymnastics legend Li Ning made his name being fearless on the pommel horse and rings, and now the sportswear company that bears his name is vaulting into a Hong Kong office market where many investors fear to venture.
China’s… Read More>>
North Point Theatre Sold for Reported $128M in Hong Kong’s Latest Occupier Buy
A landmark theatre in Hong Kong’s North Point district has been sold for a reported HK$1 billion ($128 million) in the latest sign of occupiers buying Hong Kong properties for their own use, as end users look to lower their… 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>>
China Vanke Buys Site in Hong Kong’s North Point for HK$580M
Mainland developer China Vanke on Thursday acquired a HK$580 million ($74 million) site in Hong Kong’s North Point neighborhood that is earmarked for a commercial or mixed-use development.
The company’s Vanke Property (Hong Kong) arm picked up the 4,300-square-foot (3,995-square-metre)… Read More>>
New World Closes in on Buyout of Hong Kong’s State Theatre
New World Development has acquired three shops in Hong Kong’s historic State Theatre complex, paying more than double their estimated value as the developer closes in on its redevelopment plans for the 67-year-old theatre.
The listed building, which was put… Read More>>
Gaw Buying Hong Kong Office Tower From Swire JV for HK$4.75B
Gaw Capital Partners has lined up the latest of its value-add real estate deals with the Hong Kong private equity firm agreeing to buy an office building in its home city from a joint venture between Swire Properties and China… Read More>>
Hang Lung Plans HK$2.6B North Point Project and More Hong Kong Headlines
The world’s most expensive real estate market never stops moving and in this week’s roundup of Hong Kong stories, we bring you all the events that didn’t make its way into Mingtiandi’s breaking news coverage last week. We lead the… Read More>>