…bedroom hotel, which stands opposite the iconic Fortnum & Mason department store on Jermyn Street, said the people, who asked not to be identified as the process is private. CapitaLand bought the property in 2012 for a reported £158.8 million. Read more>> Wanda Signs Deal for $2.9B Chaozhou Tourism Project Wanda Group has released more information about its 20 billion yuan ($2.9 billion) investment in a cultural tourism project, which includes the…
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WeWork Announces $2.9B Investment Platform with Ivanhoe, Rhone Group
…eam warmed up for Ark with its $850 mil acquisition of the Lord and Taylor store on Fifth Avenue “We have seen first hand the value that the WeWork ecosystem can create for landlords and real estate partners,” Gomel said, adding that, “Ark has been set up to capitalize on that opportunity and allow us to provide different partnership options for the real estate community to participate in the growth and expansion of the We Company.” WeWork has lon…
Property Heirs Get Keys to $109B in HK Family Empires and More Asia Real Estate Headlines
…y 2023. Elsewhere, a big sale of CDs could be on the way at a famous music store after potential buyers walk away. Property Heirs Get Keys to $109B in HK Family Empires The last of Hong Kong’s ‘Big Four’ property dynasties is handing over the reins to a younger generation, completing a flood of successions at family empires worth $109 billion. Lee Shau-kee, the city’s second-richest man, announced his plans to step down as chairman of Henderson La…
Lenders to Sell Warehouse Unit of HNA’s CWT Intl and More Asia Real Estate Headlines
…ugh a franchise partnership with La Source Commercial Co. The first Zoodle store opened in Changsha Huanghua International Airport in March 2019. Further stores are scheduled to open this summer at Tianjin Binhai International and Ürümqi Diwopu International airports, with two more at the new Beijing Daxing International Airport. Read more>> Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’…
Singapore Home Sales Jump 30% in May and More Asia Real Estate Headlines
…hows, with retailers leading the way to the exit as the number of Japanese store operators fell 6 percent since 2016. As of May this year, 13,685 Japanese companies had a presence in China, down by 249 since 2016, when Tokyo credit research agency Teikoku Databank conducted the last survey of this kind. The 2019 tally was about 5 percent lower than the peak of 14,394 recorded in 2012. Read more>> Anbang Offers New York Office at 50% Discount Anban…
Cushman & Wakefield Win Top Accolades at Asia Pacific Property Awards Sponsored Feature
…tion of its Retail Services work in the Baidu NEXT BOX Unbelievable Pop-up Store Project. “The success at our first-ever Asia Pacific Property Awards is a testament to the commitment that our team has to exceeding client expectations, championing a culture of collaboration and leading the industry with the highest standards,” said K K Chiu, International Director and Chief Executive for Greater China at Cushman & Wakefield. “We will carry this mom…
Colliers Brokers Sale of HK$500M in Causeway Bay Assets to SilkRoad and More Agency Wins Mingtiandi Broker Battle
…per’s Gate of Wisdom, a mixed-use development in Hangzhou featuring two 62-storey 272-metre towers, which is due to be completed by 2022. Read more>> CBRE has been appointed to provide leasing management services for the Oriental Chunyi Building, an 18-storey commercial property in Shanghai’s Pudong district Shanghai which covers a gross floor area of 45,633 square metres. Read more>> Singapore Colliers International, as the exclusive sales adviso…
Blackstone Sells HK Self-Storage Business to Hanison for HK$735M
…s and rooms available to denizens of Hong Kong’s famously cramped homes to store their extra gear on a month to month basis. Most of Minibox’ value appears to derive from this building in Chai Wan In 2018 Minibox had net profit after taxation and extraordinary items of $17.9 million, up from $7.6 million in 2017. However, Hanison’s rationale for purchasing the company appears to focus more on the value of its real estate assets than on the future…
Far East Consortium Pays HK$2.45B to Win Kai Tak Site at 9% Discount
…ea since Lifestyle International Holdings, the operator of Sogo department store, bought a commercial parcel near Tak Long Estate for HK$7.39 billion, or HK$6,773 per square foot, in November 2016. Combining Offices With a Hotel Far East Consortium’s Chiu, told the local media that the company, including the land premium, the company plans to invest an estimated HK$4.5 billion to develop the site into a project that combines a four-star hotel of 3…
China Merchants Shekou Files for $800M REIT IPO and More Asia Real Estate Headlines
…next year or in 2021 after hordes of shoppers forced its first big box to close early on opening day last week, according to the membership-only retail chain’s chief financial officer. The State of Washington-based firm hopes to start construction as soon as possible and is also looking at opening stores in other Chinese cities, but all in good time, Richard Galanti told National Business Daily yesterday. Costco will need to make sure its first f…
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