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Kevin Chan, Chairman of Storefriendly

Blackstone-Backed Storefriendly Launches Two Hong Kong Self-Storage Locations

2023/04/02 by Christopher Caillavet Leave a Comment

Storefriendly, the Asia self-storage operator backed by investment giant Blackstone, introduced its two latest locations this past week at redeveloped properties on Hong Kong Island and in the New Territories.

Storefriendly Tower Island East, completed last October, held a grand… Read More>>

Simon Smith of Savills

Hong Kong Strata Industrial Sales Crash 66% in Q4 as Supply Chain Woes Continue

2023/01/10 by Greg Isaacson Leave a Comment

Modern warehouse rents in Hong Kong declined 1.5 percent in the fourth quarter of last year as a slumping logistics market weighed on local third-party logistics (3PL) operators, while sales of stratified industrial space plunged 66 percent during the quarter,… Read More>>

Storefriendly Kwun Tong

Blackstone’s Storefriendly JV Completes $108M Kowloon Self-Storage Buy

2022/10/23 by Iris Hong, Pawara Laothamatas Leave a Comment

The competition for Hong Kong self-storage assets is heating up, with a Blackstone joint venture on Thursday closing on the purchase of a Kowloon industrial building for HK$850 million ($108.2 million), according to sources familiar with the deal.

A Blackstone… Read More>>

Stan Tang

Blackstone Buys Hong Kong Industrial Building for Self-Storage JV

2021/11/29 by Beatrice Laforga Leave a Comment

US private equity giant Blackstone on Thursday closed on the purchase of its third Hong Kong industrial building this year, picking up a property in Shau Kei Wan held by the family of late “Shop King” Tang Shing-bor to add… Read More>>

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People in the News

Asia Real Estate People in the News 2023-05-22

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A promotion at a leading Hong Kong real estate fund manager leads this week’s roundup of people moves from around Asia, … Read More>>

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Rush Desai is adding some senior talent to his team at Varsity Group Asia Pacific in Singapore, with the company … Read More>>

Hines Hires Kiyohito Motoyama as Japan Industrial Head, Adds Two Others to Team

Kiyohito Motoyama, director of logistics and industrial

US developer and fund manager Hines has added three new hires to its Japan team, led by Kiyohito Motoyama as director of … Read More>>

WeWork Boss Sandeep Mathrani Steps Down, Joins Sycamore Partners

Sandeep Mathrani

WeWork’s ongoing turnaround will continue without the leadership of chairman and CEO Sandeep Mathrani, who is leaving … Read More>>

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