Arch Capital Management has agreed to acquire a commercial building in Hong Kong’s Sheung Wan area, the Hong Kong-based fund manager has confirmed to Mingtiandi, with sources familiar with the acquisition citing a price of HK$1.9 billion ($242 million) for… Read More>>
Warburg-Backed Kailong Sells Floor in Hong Kong Building for HK$31M
Real estate fund manager KaiLong Group has made its first sale at a renovated office building in Hong Kong’s Sheung Wan area, as the Warburg Pincus-backed fund manager continues its strata sales strategy in the city.
Kailong sold the 6th… Read More>>
Hanison Said to Offer HK$1.9B for Kingboard’s Hong Kong Office Block
A 32-storey commercial building in Hong Kong’s Sheung Wan area is on the verge of being sold for HK$1.9 billion ($242 million) according to local media reports this week, despite the city’s office market during the first quarter of 2019… Read More>>
Macau Investor Tries for 23% Mark-Up One Year After Buying on Sheung Wan Building
A consortium of Macao businesses is reportedly putting the Bonham Circus building in Sheung Wan on the market for HK$2.1 billion, a 23 percent premium over the price they paid for the property just one year ago.
Reports of an… Read More>>
Francis Law Sells Hong Kong’s 299 Queens Road Central to Tenacity Group for HK$2.1B
Real estate investor Francis Law Sau-fai has reportedly sold a commercial building in Hong Kong’s Sheung Wan area for HK$2.1 billion ($267 million) — three times the price he paid for the asset eight years ago.
Law, the executive director… Read More>>
Kailong to Convert Eight HK Properties into Chain of Boutique Offices
Warburg Pincus-backed Kailong has purchased eight properties in Hong Kong over the last year, and now the real estate fund manager is taking a few pages from WeWork’s success story as it plans to redevelop this HK$3.7 billion ($471 million)… Read More>>
Hanison and Angelo Gordon Sell Sheung Wan Building to Hugo Lam for HK$1.1B
Hanison Construction and Angelo Gordon have sold a commercial building in Sheung Wan to a joint venture between mainland investor Hugo Lam and Hong Kong-listed Asia Cassava Resources for HK$1.1 billion ($140 million).
The acquisition by the joint venture provides… Read More>>
Jewelry Group Bags Office in Shatin for HK$650M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Luk Fook Holdings may be betting that the city’s real estate is even more valuable than the gold it sells in its shops after the jewellery retailer acquired four floors in an office… Read More>>
Macau Businessman Pegged as Buyer of Pamfleet’s $217M Bonham Circus
The mysterious buyer of the $217 million Bonham Circus building in Sheung Wan — a deal which Mingtiandi covered earlier this week — has now been revealed. Macau businessman Lucas Lo, chairman of Similan Group, along with other investors, is… Read More>>
Pamfleet Sells Hong Kong Office Building for $217M After Leasing to naked Hub
Andrew Moore’s Pamfleet is reported to have sold the Bonham Circus office building in Sheung Wan for HK$1.7 billion ($217 million), making a profit of HK$700 million ($89 million) in less than two years.
The buyer, which market sources indicate… Read More>>