Kerry Properties, a Hong Kong-listed developer controlled by Shangri-La Hotels founder Robert Kuok, has acquired 26 percent of an industrial building in Hong Kong’s southern district for HK$499.7 million ($64 million), according to a local media report citing government filings.
Kerry, Swire, Sino Land Win MTR Site in Hong Kong for Reported HK$6.8B
Hong Kong’s MTR Corporation has awarded a residential development in a southern district of the city to a consortium formed by Kerry Properties, Swire Properties, and Sino Land.
The trio of local developers is reported to be paying a HK$6.76… Read More>>
Sky City Builder Broad Homes Launches HK$1.2B IPO in Hong Kong
Prefabricated construction firm Changsha Broad Homes Industrial Group kicked off an initial public offering in Hong Kong today that could value the company at HK$6.6 billion ($840 million).
The Changsha-based company, which was founded a decade ago by heating and… Read More>>
JLL Names Theo Novak Head of International Investments for Greater China
Property consulting firm JLL has stepped up its efforts to serve cross-border real estate investors in the region with the company indicating to Mingtiandi today that it has appointed veteran capital markets broker Theo Novak as Head of International Investments… Read More>>
Logistics Developer ESR Relaunches Hong Kong IPO as HK$11B Super-Sale
Warburg Pincus-backed logistics real estate platform ESR has relaunched its IPO in Hong Kong, aiming to bring in a larger haul of cash after an earlier attempt stumbled in the face of street protests and tepid investor demand.
The developer… Read More>>
JLL Scores with S$475M Singapore Hotel Deal to Lead Asia Brokerage Wins Mingtiandi Broker Battle
JLL heads up this week’s edition of Mingtiandi’s roundup of brokerage wins as the property consultancy firm’s Hotels & Hospitality Group hits home in Singapore with the S$475 million ($348 million) sale of the Hyatt-operated Andaz Hotel.
ERA Realty scored… Read More>>
Office in Hong Kong’s Bank of America Tower Leased at 30% Discount as Rents Slide
As the Hong Kong office market continues to struggle through street protests and disappearing mainland corporates, an office has been leased in one of Hong Kong’s prime commercial districts at a 30 percent discount from prevailing current market prices, according… Read More>>
Softbank in Talks to Take Control of WeWork in Bailout
Weeks after the failure of what had been expected to one of 2019’s biggest initial public offerings, WeWork is reported to be scrambling for a multi-billion dollar bailout package as media reports indicate the office sharing giant could run out… Read More>>
Hanison Seals HK$741M Deal to Buy Hong Kong Tower From CapitaLand
Despite the impact on Hong Kong’s hotel industry after months of escalating social unrest, a select number of players are doing some bargain hunting in the Asian financial hub.
Among the most active purchasers this year has been Payson Cha’s… Read More>>
Mall Developer Taubman Asia Names Paul Wright as President
US shopping centre REIT Taubman Centers has named veteran Paul Wright as the new president of its Asian operation, according to a statement by the company on Friday.
Wright, who first joined Hong Kong-based Taubman Asia in 2006, takes over… Read More>>
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