BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong Kong’s Central district and is picking up stakes for Quarry Bay.
The company, which is the world’s sixth-largest… Read More>>
Swire To Buy Out Residential Site in Hong Kong’s Wanchai for $263M
Leading developer Swire Properties is set to take full ownership of a set of buildings in Hong Kong’s Wanchai district at an auction which values the property for sale at HK$2.06 billion ($263 million). The developer of Pacific Place in… Read More>>
WeWork, naked Hub Battle for Hong Kong Co-Working Hegemony with New Centres
Global shared office giant WeWork is said to be renting three floors of a grade A office tower in Quarry Bay to launch its latest venue in Hong Kong, as the city’s co-working market continues to heat up.
The $20… Read More>>
Swire and HKRI Hold Grand Opening for Shanghai Mega-Project HKRI Taikoo Hui
Hong Kong developers Swire and HKRI held the official opening party today for their 322,000 square metre (3.46 million square foot) office, hotel, residential and retail mega-project on Shanghai’s West Nanjing Road.
The pair of real estate giants pulled in… Read More>>
Facebook Said to Choose Swire’s One Taikoo Place for New HK Home
Swire Properties is said to have scored a major victory in the battle to establish a new business hub in Hong Kong as Facebook has reportedly signed up for multiple floors in the developer’s One Taikoo Place project.
The photo-sharing,… Read More>>
Mainland Projects Set to Dominate Swire Portfolio and More Asia Real Estate Headlines
At the top of today’s news, one of Hong Kong’s best known developers is fast becoming a mainland builder, as Swire gets ready to open the second phase of its HKRI Taikoo project in Shanghai. Also in the news, Hong… Read More>>
Blackstone Closes in on CRT Buyout And More Asia Real Estate Headlines
At the top of today’s news, US private equity giant Blackstone has received approval in principle to acquire Japanese shopping mall portfolio Croesus Retail Trust for around $650 million. Also in the headlines, Chinese-backed builder John Holland has picked up… Read More>>
Asia Real Estate People in the News 2017-07-03
Leading this week’s list of property professionals finding new homes, or just upgrading their pay packets, is a real estate finance veteran taking the top money job at a southern Chinese developer. Also getting their turns in the spotlight, a… Read More>>
HK’s Lee Kum Kee Shopping for London’s Gherkin and More Asia Real Estate Headlines
Leading today’s real estate headlines, a Hong Kong sauce maker may add a pickle-shaped London tower to its portfolio of flavors, as more of the city’s investors shop for Brexit bargains in the UK. Also in the news GLP reports… Read More>>
Mainland Bidders Pass on HK’s Priciest Site and More Asia Real Estate Headlines
Leading today’s headlines, a car park on Murray Road is expected to bring bids as high as HK$22 billion, but failed to bring interest from many of China’s biggest developers. Meanwhile up in Beijing, Malaysia’s prime minister works hard to… Read More>>
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