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Gap Shuts Central Store as It Closes Up Shop in Hong Kong

2020/11/22 by Elizabeth Kerr Leave a Comment

US fast fashion retailer Gap is closing its doors in Hong Kong as it follows through on plans to shut its remaining stores in the world’s most expensive retail market by the end of November, according to Apple Daily.

The… Read More>>

Embassy TechVillage

Blackstone India JV to Sell Business Park for $1.3B and More Asia Real Estate Headlines

2020/11/18 by Shiunne Bulsombut Leave a Comment

In today’s batch of regional news headlines, India’s Embassy REIT agrees to buy business park assets from a Blackstone-led joint venture, property services firm Sunac eyes a $1 billion capital raise from its Hong Kong IPO, and department store chain… Read More>>

daniel zhang alibaba

Alibaba Buying Out China’s Sun Art Retail for $3.6B

2020/10/20 by Michael Cole Leave a Comment

E-commerce giant Alibaba continued to expand its offline retail empire today with a deal to take control of China’s largest hypermarket operator for HK$28 billion ($3.6 billion).

The Hangzhou-based company said in an announcement to the Hong Kong stock exchange… Read More>>

Hong Kong's 'Shoe King' Mr Frank Leung

Building on Hong Kong’s Nathan Road Retail Strip Sells at 50% Off

2020/08/10 by Diana Li Leave a Comment

A 16-storey building on Kowloon’s bustling Nathan Road commercial strip sold this past week at a 50 percent discount as Hong Kong’s property market continues to slide.

According to local media citing Land Registry records, the Tung Cheong Commercial Building… Read More>>

Causeway Bay Shop Sold at 73% Loss as Virus Wave Menaces Hong Kong

2020/07/26 by Diana Li Leave a Comment

Hong Kong’s retail property market is bracing for turbulent times as a street front shop in the world’s most expensive shopping district was sold at a 73 percent loss.

According to Land Registry records cited by the Hong Kong Economic… Read More>>

Link REIT Revenues Rise 5.6% Despite Protests and Pandemic in Hong Kong

2020/06/04 by James Hatton Leave a Comment

Hong Kong’s Link REIT survived a steep downturn the city’s retail sector in 2019, recording a 5.6 percent rise in revenue to HK$10.7 billion ($1.4 billion) for the year ending 31 March 2020. That income increase came despite the city’s… Read More>>

terence seah Benoy

Getting Sydney’s ‘Grand Old Dame of Retail’ Ready for 2030 Sponsored Feature

2020/05/18 by Platform Sponsor Leave a Comment

In April 2020, the redeveloped David Jones Elizabeth Street flagship store in Sydney, Australia, opened to the public. Here, Terence Seah, Head of Benoy’s Singapore Studio, considers the history and significance of this iconic building, and explains how Benoy has… Read More>>

Luckin Coffee Fires CEO, COO After RMB 2.2B in Sales Said Faked

2020/05/13 by James Hatton Leave a Comment

Luckin Coffee has sacked its chief executive and chief operating officers after internal investigations by the company brought to light further evidence of wrongdoing related to an accounting fraud scandal exposed by short seller Muddy Waters Research in January.

The… Read More>>

Alison Rehill

Pradera Retail Asia Relaunches Mosaic Metro Park Sponsored Feature

2020/04/28 by Platform Sponsor Leave a Comment

As the COVID-19 virus situation begins to stabilize in China, shopping malls, which have been hit hard during the crisis, have begun rebounding. Mosaic Metro Park, managed by retail asset management expert Pradera Retail Asia, is one of the… Read More>>

Adrian Cheng New World

New World Sells Stakes in Hong Kong Malls to MTR for HK$3B

2020/02/27 by James Hatton Leave a Comment

New World Development has sold its ownership interest in a pair of mid-market Hong Kong community malls to MTR Corporation for HK$3 billion ($380 million), according to a company announcement.

The developer said that it was disposing of its 50… Read More>>

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