The former site of a notorious nightclub in Wan Chai is once again a hub of broker activity this week with CBRE picking up a win with the HK$892 million sale of the space on Jaffe Road.
Also in Hong… Read More>>
Pamfleet Reaches $450M Final Close on Third HK-SG Value-Add Fund
Hong Kong-based real estate private equity firm Pamfleet has reached a $450 million final close on Pamfleet Real Estate Fund III, Mingtiandi has come to understand.
The investment vehicle is the company’s third pooled investment vehicle targeting value-add projects in… Read More>>
Post-War Mansion on Hong Kong’s Peak Could Fetch Up to HK$6B
A Hong Kong property owned by the family of tin-mining tycoon Loke Yew has been put up for sale, with offers predicted to reach up to HK$6 billion ($770 million), according to market sources.
The 68-year-old mansion, which is being… Read More>>
JD.Com, Qihoo 360 Buy HK$491M Stake in High-Tech Mainland Property Manager
Mainland e-commerce giant JD.com and internet security provider Qihoo 360 Technology have agreed to buy a combined HK$491 million ($62.87 million) stake in Shenzhen-based residential property manager Colour Life, according to a statement to the stock exchange by the Hong… Read More>>
New World’s K11 Atelier King’s Road Project Now Half-Leased in Eastern Hong Kong
New World Development’s K11 division has won an occupancy permit for its latest Hong Kong office project, kicking off formal leasing activity for K11 Atelier King’s Road, according to an announcement by the company late last week.
The 22-storey office… Read More>>
Greentown Chairman Steps Down as CCCC Exerts Control of Hangzhou Developer
Luxury home builder Greentown China Holdings announced late last week that its co-chairman Song Weiping had resigned from the company he founded twenty-four years ago in a move seen as unifying control of the Hangzhou-based developer.
Song, who had sold… Read More>>
Colliers Brokers Sale of HK$500M in Causeway Bay Assets to SilkRoad and More Agency Wins Mingtiandi Broker Battle
A commercial property deal in Hong Kong tops Mingtiandi’s list of brokerage victories this week with Colliers International brokering the sale of a combined 46,241 square feet of space in Causeway Bay for HK$500 million ($64 million).
Knight Frank and… Read More>>
China’s Top Law Enforcers Target Future Land Chairman Over Child Abuse Charges
China’s top law enforcement agency has issued a public condemnation of the chairman of Future Land Development Holdings, following his detention on suspicion of child molestation.
In a statement on its official WeChat issued two days after Wang Zhenhua had… Read More>>
WeWork Said Co-Working with Goldman, JP Morgan to Raise Up to $4B in Debt Pre-IPO
Seven months after filing for an initial public offering, WeWork is planning to raise as much as $4 billion in debt to refill its corporate coffers, according to news accounts citing sources familiar with the shared office provider’s discussions.
The… Read More>>
China Vanke Buys Out Beijing Complex in RMB 1.3B Deal with HNA
Financially troubled HNA Group has sold the remaining 75.10 percent stake of a Beijing commercial complex to a subsidiary of China Vanke for a total consideration of RMB 1.304 billion ($190 million), according to a filing to the Shanghai Stock… Read More>>
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