Hong Kong’s deadliest fire in decades is raising questions on construction standards after dozens died in a complex under renovation. Also making the news today, Singapore lines up more land sales and Mirae is said to have asked Korean authorities… Read More>>
Swire Family Scion Offloads Stake in Swire Properties, Cuts Holdings of Swire Pacific
Merlin Bingham Swire, deputy chairman and chief executive of his family’s 208-year old conglomerate John Swire & Sons Ltd, has sold all of his shares in the group’s property development unit Swire Properties and has now cut his holdings in… Read More>>
Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines
The challenges of what was once Asia’s hottest listed trust lead today’s roundup of real estate headlines, with Keppel DC REIT announcing a dip in distributions. Also in the news, CapitaLand’s largest commercial REIT reports higher distributions, and the holding… Read More>>
Swire Selling Hong Kong Office Floors for $693M as Development Plan Steams Ahead
With rising interest rates dimming the appeal of bank loans, Hong Kong’s Swire Group have turned to their Hong Kong office portfolio to raise cash, with two of the conglomerate’s listed units announcing late Friday that they have agreed to… Read More>>
Asia Real Estate People in the News 2023-01-30
One of Hong Kong’s best known conglomerates leads this week’s set of personnel updates on Mingtiandi as Hong Kong’s John Swire and Sons announces new leadership for its US property business. Also making the list are senior level appointments at… Read More>>
Swire Properties Adds New Tower to Pacific Place Portfolio in Hong Kong
Swire Properties is expanding its Pacific Place portfolio eastward from Hong Kong’s Admiralty into Wan Chai district, having dubbed a 24-storey office tower on Queen’s Road East as Six Pacific Place earlier this month.
Set to be completed in the… Read More>>
Swire Buying Out Sino-Ocean’s Half-Stake in Chengdu Mall for $800M
Swire Properties is taking full ownership of a Chengdu mall through a deal to buy out Sino-Ocean Group’s interest in the 50:50 joint venture for RMB 5.55 billion ($800 million), as the mainland partner in the development grapples with a… Read More>>
Swire Group Sells Hong Kong Luxury Project to Fund for $128M
Swire Group has sold a luxury housing compound on Hong Kong’s Peak for HK$1 billion ($128.3 million), in what has been tallied as the city’s most expensive luxury property deal so far this year on a per square foot basis.
Swire Tower in Hong Kong Opens as IWG Flexible Office Centre
Flexible office giant IWG this past week announced the opening of a new venue occupying all 18 floors of Swire Properties’ 8 Queen’s Road East in Wan Chai, adding 67,000 square feet (6,224 square metres) of flexible space to Hong… Read More>>
Swire Pacific’s $500M Repurchase Plan Sparks Rally and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Swire Pacific’s Hong Kong-listed shares rally after the group announces a $500 million buyback, US-based Barings inks a deal to acquire Australian firm Altis Property Partners, and a think tank with Beike ties… Read More>>