Hong Kong’s New World Development leads the list of real estate happenings from around Asia as the defaulting developer is said to be shopping assets to Blackstone, CapitaLand and other investors in an effort to bail out its balance sheet…. Read More>>
Swire Sells Out Miami Mall Stake to Simon Property Group for $512M
Swire Properties has announced its second exit from a Miami project in less than one month with the Hong Kong-listed developer saying late Friday that it has sold its 75 percent stake in the Brickell City City Centre mall for… Read More>>
Hong Kong’s Swire Sells Miami Supertall Site for $212M and More Asia Real Estate Headlines
One of Hong Kong’s oldest property developers leads today’s review of real estate headlines from around the region as Swire Properties sells off the remains of a Miami plan. Also making the list today are more debt maneuvers by Hong… Read More>>
PGIM to Invest $2B in APAC Property This Year and More Asia Real Estate Headlines
Asset manager PGIM reaffirms its commitment to Asia Pacific real estate despite trade turmoil, with that story leading today’s headline roundup. Also in the news, Singapore-listed Keppel DC REIT reports rising revenue and Hong Kong’s Link completes its solar power… Read More>>
Swire Properties Swings to $99M Loss on Headwinds From ‘Difficult’ Hong Kong Office Market
Swire Properties reported an attributable loss of HK$766 million ($98.5 million) for 2024, reversing a year-earlier profit of HK$2.6 billion, as the Hong Kong-based builder’s hometown office portfolio drove markdowns on investment properties for a second year in a row.
Swire Properties Warns of $103M Loss on Markdowns as Pacific Place Rents Tumble 16%
Swire Properties warned of a likely attributable loss of HK$800 million ($102.7 million) for 2024, reversing a year-earlier profit of HK$2.6 billion, with the Hong Kong-based builder blaming the deficit on markdowns to its investment property portfolio.
The real estate… Read More>>
Swire Seeks Buyer for Miami Supertall Office Project After Pre-Leasing Struggle
After denying that a landmark Miami project was for sale last May, Swire Properties is bowing to lacklustre pre-leasing demand and seeking a buyer for the office development planned as the city’s tallest skyscraper upon completion.
The Hong Kong builder… 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>>
Swire Properties Sustains Strong Occupancy at Pacific Place as Rents Drop 16%
Swire Properties reported 97 percent occupancy at Pacific Place in Hong Kong’s Admiralty area at the end of June, easing from 98 percent at the end of last year, as rents at the flagship office complex tumbled 16 percent for… Read More>>
Hong Leong, GuocoLand Make Top Bid in SG Land Sale and More Asia Real Estate Headlines
A residential land sale in Singapore drew just two bids as developers tread carefully into a cooling market, with that story leading Mingtiandi’s headline roundup today. Also in the news, Airtrunk opens the first phase of Malaysia data centre and… Read More>>
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