Hong Kong’s Swire Properties has sold another piece of its Florida real estate portfolio for $49 million, as the blue chip developer continues to liquidate assets at the same time that its parent, Swire Pacific, struggles to deal with ongoing… Read More>>
Swire Properties last week announced the sale of a Miami hotel in a $174 million deal which brings the unit of Hong Kong conglomerate Swire Pacific’s stack of asset disposals to nearly $1.9 billion since July of last year.
The… Read More>>
In today’s roundup of regional news headlines, Hong Kong’s Link REIT is reportedly seeking to buy half stakes in three Sydney shopping centres held by Singapore’s GIC, New World Development submits a plan to scrap and rebuild a defective part… Read More>>
Real estate markets in Hong Kong and mainland China have begun to bounce back from the trauma of the COVID-19 pandemic, and that rebound is helping to drive encouraging results for one of the region’s largest commercial developers.
Swire Properties… Read More>>
The latest financial results released by blue chip developer Swire Properties highlight a growing trend in Hong Kong’s office market, as large occupiers flee the punishing prices of the city’s traditional business hubs in favour of lower rents at high-spec… Read More>>
After steering his family’s 200-year-old empire through some of Hong Kong’s most turbulent times in recent memory, Merlin Swire is stepping down as chairman of Swire Properties and Swire Pacific, according to an announcement to the Hong Kong stock exchange… Read More>>
In today’s roundup of regional news headlines, Swiss private bank Julius Baer makes plans to move from its base in Hong Kong’s Central to Quarry Bay, China’s SF Holdings launches the $340 million IPO of its spinoff REIT, and renewed… Read More>>
In today’s roundup of regional news headlines, Canada-based real estate investor Ivanhoe Cambridge joins forces with US venture capital firm Fifth Wall on a proptech partnership, food giant Nestle is reportedly allowing its entire workforce in mainland China to work… Read More>>
Leading today’s set of personnel changes in Asia’s real estate industry is a Singaporean investment giant that has just seen some turnover at the top of its US unit. Also in the news, the manager of Hong Kong’s Link REIT… Read More>>
A pair of blue chip Hong Kong developers on Thursday reported financial results that documented the impact of the COVID-19 pandemic on the city’s biggest landlords, with both Swire Properties and Hongkong Land Holdings reporting plunging profits.
Despite Hongkong Land… Read More>>