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 Maps Out $12.8B Asia Pipeline After 25% Drop in Profit
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>>
Mapletree Said Picking Banks for $1B S-REIT IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore real estate major Mapletree is reportedly consulting with various banks on an IPO for a student housing REIT, Hong Kong’s Wharf REIC predicts continued hard times after an annual profit drop, and… Read More>>
Hong Kong Leaders Push Retail Landlords for Rent Breaks as Covid Rocks City
Following the announcement of a rental moratorium to support retailers as part of Hong Kong’s budget rollout last week, financial secretary Paul Chan is urging Hong Kong developers to, “consider lowering rents or adjusting the rent structure (as much as)… Read More>>
Swire Sells Florida Development Project to Kushner JV for $49M
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 Sells Miami Hotel in $174M Deal as Asset Sales Continue
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>>
Link REIT Said in Talks for Sydney Assets and More Asia Real Estate Headlines
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>>
Swire Properties Reports 49% Jump in Profit as Greater China Market Recovers
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>>
Swire’s Tale of Two Districts Reveals HK Office Tenant Flight to Value
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>>
Merlin Swire Steps Down as Chair of Swire Properties, Swire Pacific
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>>
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