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>>
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 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>>
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>>
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>>
CapitaLand is freezing wages company-wide as one of a series of measures to counter the impact of the coronavirus outbreak on its business, according to a company announcement.
The Singapore-based real estate group said that the wage freeze, which applies… Read More>>
The manager of Hong Kong’s Link REIT is in talks with Intu Properties to buy equity in the UK shopping centre landlord, according to an announcement by the London-listed company, as the manager of the real estate investment trust conducts… Read More>>
Frasers Property announced today that it has agreed to buy the property manager of a Singapore commercial real estate portfolio, picking up the company from PGIM for an undisclosed amount.
The sale of AsiaMalls Management Pte Ltd by the real… Read More>>
A joint venture between Xander Group and Dutch pension fund manager APG has acquired a pair of shopping malls in India from Tata Realty for INR 7 billion ($100 million), according to an announcement.
The acquisition of the two Trilium-branded… Read More>>
Buildings made of concrete and steel are feeling the impact of the estimated 6,000 rounds of teargas released on the streets of Hong Kong in recent months, as a newly released report shows that the city’s descent into a police… Read More>>