Hong Kong developer Wang On Properties has swung to a $95 million loss, thanks in part to write-downs on its project pipeline, with that story leading today’s headline roundup. Also in the news, mainland developer Sino-Ocean says it will miss… Read More>>
20 Bidders Line Up for $654M Seoul Office Building and More Asia Real Estate Headlines
South Korea’s NH Financial is seeking to join a $654 million bid for a landmark Seoul office tower, with that story leading Mingtiandi’s headline roundup today. Carlyle Group also makes the list with a plan to boost its Japanese buyouts… Read More>>
Swire, China Life Fund Buying Sino-Ocean Stake in Beijing Commercial Project for $552M
Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in Beijing’s Chaoyang district to joint venture partner Swire Properties and a vehicle of China Life Insurance for RMB 4 billion ($552 million),… Read More>>
Hongkong Land, Swire, Lead8, Yardi Keep Faith in the Future of the Office at Hong Kong Forum
Leasing leaders from heavyweights Hongkong Land and Swire Properties came together in peace at Tuesday’s Mingtiandi Hong Kong Forum to talk about the future of the office in the global financial hub. Watch the full recording>>
With news out of… Read More>>
Swire Keeps Hong Kong’s Pacific Place Near Full Occupancy as Rents Drop 17%
Swire Properties maintained nearly full occupancy at its Pacific Place office towers in Hong Kong’s Admiralty area in the first quarter, but at the cost of 17 percent lower rents.
The Hong Kong-listed developer saw occupancy across its One, Two,… Read More>>
Korea’s NPS Targeting Higher-Yielding Strategies and More Asia Real Estate Headlines
The world’s third-largest pension fund leads today’s collection of real estate headlines from around Asia, with Korea’s NPS searching for more yield. Also on the list is Yardi’s takeover of WeWork and Digital Realty outperforming expectations on growing data centre… Read More>>
Top Developers Hongkong Land, Swire to Debate Future of the Office at Hong Kong Forum
Office leasing leaders from two of Asia’s top commercial developers will be taking the stage at Mingtiandi’s Hong Kong Forum on 14 May, to debate the future of the office in Asia’s priciest real estate market.
Neil Anderson, director and… Read More>>
EQT India Data Centre Joint Venture Raises $1.4B and More Asia Real Estate Headlines
Billionaire Gautam Adani’s data centre platform leads the Mingtiandi headline roundup today with fresh financing on the order of $1.4 billion. Also making news, Swire Properties seeks $100 million for a Miami penthouse and Blackstone’s Horizon Industrial Parks announces a… Read More>>
Asia Real Estate People in the News 2024-04-29
India leads this week’s collection of personnel moves from around the region, as Apollo Global Management is said to be witnessing some turnover. Also making the list are new directors at Guangzhou R&F Properties and Hong Kong’s Swire Properties.
Swire to Transform Beijing Hotel into Mall as China Retail Business Soars
Nearly 16 years after opening Opposite House in Beijing as its first hotel project, Swire Properties plans to replace Opposite House in Beijing with an “innovative retail landmark”, as the Hong Kong-based developer continues to reap strong profits from its… Read More>>
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