Swire Properties is expanding its holdings near its Pacific Place complex on Hong Kong island, having bested 20 competing bids to secure a residential site in the city’s Wan Chai area through a government tender for HK$1.96 billion ($249.9 million),… Read More>>
One of China’s naughtiest developers is back in the news this week as Guangzhou R&F Properties is offering investors a chance to either give it a debt extension or face a haircut. Also making the headlines is Hong Kong’s Swire… Read More>>
Swire Properties has notched what is reportedly Hong Kong island’s biggest office lease since the dawn of the pandemic, with the local unit of China CITIC Bank agreeing to take up around 15 percent of the developer’s Two Taikoo Place… Read More>>
In today’s roundup of regional news headlines, the agreed sale of Goldin Financial’s Hong Kong skyscraper fails to culminate, mainland developer Jinke defaults on an onshore debt payment, and Singapore’s Mapletree Investments reports an annual profit increase.
In today’s roundup of regional news headlines, Shanghai-backed Greenland Holdings rattles markets with its proposal to delay a bond redemption by one year, while defaulting developer China Evergrande unveils its own scheme to compensate offshore debt holders.
After completing its takeover of ARA Asset Management three months ago, Hong Kong-listed ESR is adding some diversity to its board, with that update leading our weekly roundup of personnel moves from around the region. Also making our list this… Read More>>
Flexible office giant IWG is preparing to open its 18th Hong Kong outlet and fifth in a former WeWork location in the city, this time in a newly refurbished building owned by blue-chip developer Swire Properties.
Scheduled to open in… Read More>>
In today’s roundup of regional news headlines, a group of bondholders reportedly mulls legal action against Evergrande after the surprise disclosure of seized cash at the developer’s services unit, while rival Sunac China is said to be in talks to… Read More>>
Hong Kong’s Swire Properties this month announced a fourth addition to its Taikoo Li commercial projects on the mainland, having formed a joint venture to acquire a high-end retail site in the second-tier city of Xi’an through a government land… Read More>>
Swire Properties today reported a nearly 25 percent drop in underlying profit attributable to shareholders for 2021, as the company struggles with weak commercial leasing and hospitality environments in its core markets of Hong Kong and mainland China.
In the… Read More>>