Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in West Kowloon, according to an official announcement late last week.
The company led by CEO Donald Choi shouldered aside 16 other bidders to win the… Read More>>
InfraRed NF JV Buys $112M Value-Add Commercial Project in Shanghai
Real estate private equity firm InfraRed NF has joined with a mainland investment start-up to purchase an 84 percent stake in a $112 million commercial complex in Shanghai’s former French concession, according to an announcement last week.
Through a joint… Read More>>
GLP Reaches Final Close on RMB 15B China Logistics Core Fund
Asia’s largest warehouse developer and fund manager, GLP, has reached a final close on its latest China-focused investment vehicle, locking in investor commitments despite the uncertainty caused by the COVID-19 pandemic.
The Singapore-based firm, which has a global portfolio worth… Read More>>
Henderson, Swire Redevelopment Plan Rejected and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Hong Kong giants Henderson Land and Swire Properties have had a joint commercial development application in Quarry Bay turned down despite snapping up a set of shops on the site for HK$82 million.
HNA Group Sells Shanghai Office Tower to China Cinda for RMB 3.6B
Just over a month after Hainan government officials took over HNA Group, a report by Colliers International has revealed that the cash-strapped conglomerate has completed the disposal of the Shanghai HNA Tower for RMB 3.6 billion ($510 million).
The property… Read More>>
Shanghai Office Rents Slide as Property Investment Falls 78% in Q1
Shanghai grade A office rents continued to slide during the first quarter of the year as the COVID-19 induced downturn dragged on leasing rates, according to reports from some of the world’s largest property consultancies.
Grade A office rents in… Read More>>
GuocoLand Selling Shanghai Hotel to Dahua Group for RMB 1.44B
One of Southeast Asia’s largest developers has defied the COVID-19 crisis to sell a hotel property in Shanghai’s Putuo district at a mark-up of nearly 65 percent over its net book value, according to an announcement to the Singapore stock… Read More>>
JLL Promotes Sylvia Lau to Head of Valuation and Advisory for Greater China
International property consultancy JLL has promoted a veteran member of its team to lead its valuations and advisory division for Greater China, according to an announcement by the US-based firm late last week.
Based in Hong Kong, Sylvia Lau officially… Read More>>
Jordan Shop Sells for 50% Off and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a retail unit in Kowloon’s Jordan area was sold for HK$19 million — 50 percent below the original asking price. In the residential realm, a villa at Henderson Land’s Beverly Hills project in… Read More>>
LaSalle Raises $681M for First Closing of China Logistics Fund
LaSalle Investment Management has raised $681 million for a China warehouse development and management fund, as the JLL affiliate seeks to capitalise on growing demand for logistics facilities on the mainland.
The Chicago-based fund manager announced the first closing of… Read More>>
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