Ten months after starting to clear the site for an office development which is planned to be Miami’s tallest skyscraper upon completion, Swire Properties has shopped the project to potential buyers, according to a Wall Street Journal report this week,… Read More>>
Blackstone Sale of London Asset to Asian Investor Stalls and More Asia Real Estate Headlines
London’s collapsing office market may have cost Blackstone an opportunity to sell a Canary Wharf tower to an Asian investor, with that story leading Mingtiandi’s headline roundup today. Also making the list, units in a Singapore listed REIT of US… Read More>>
Swire Properties Warns of 70% Profit Plunge on Investment Losses
Swire Properties on Tuesday warned of a 70 percent drop in full-year profit for 2023, laying the blame on a HK$4.5 billion ($580 million) valuation loss in the developer’s investment portfolio.
Hong Kong-based Swire Properties cited a lower fair-value gain… 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>>
China Home Prices Fell Again in October and More Asia Real Estate Headlines
Mainland China’s ongoing housing crisis leads the real estate news from around the region today as government statistics show home prices declining at the swiftest rate in nearly nine years. Also in the news, the Hong Kong government is accusing… Read More>>
Hong Kong Property Tax Cuts Not Seen Reviving Market and More Asia Real Estate Headlines
The future of Hong Kong leads today’s set of real estate headlines from around Asia Pacific as chief executive John Lee acts to revive the city’s faltering housing market. Also in the news, Country Garden is formally deemed to be… Read More>>
Asia Real Estate People in the News 2023-10-23
A new head of finance for Singapore’s Keppel Corporation leads today’s review of personnel moves from around the region, as the Temasek-backed group continues to transform itself. Also making the list is a top-level transition at China’s Gemdale and a… Read More>>
Swire Confirms $1.35B Investment in Pair of Pudong Development Projects
Just before heading off for China’s National Day holiday Swire Properties confirmed its purchase of stakes in a pair of mixed-use projects in Shanghai’s Pudong district from local government developer Lujiazui Group as it continues to expand its holdings in… Read More>>
Henderson-Swire JV Completes Acquisition of $806M Quarry Bay Project
Henderson Land and Swire Properties have completed their acquisition of a set of ageing buildings in Hong Kong’s Quarry Bay at a valuation of HK$6.3 billion ($806 million) after securing the remaining spaces at a public auction Tuesday.
The compulsory… Read More>>
Swire in $1.3B Deal to Buy 40% Stakes in Pair of Lujiazui Group Projects in Pudong
Swire Properties is picking up a 40 percent stake in two mixed-use projects in Shanghai’s Pudong district at a combined value of $1.33 billion through separate joint ventures with government-backed Lujiazui Group, including a previously announced joint development in the… Read More>>
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