One of Korea’s largest pension funds leads off this week’s review of personnel moves from around the region as the Seoul-based organisation chooses a new chief investment officer. Also making the list is a new finance chief for the owner… Read More>>
CalSTRS Slashes China Exposure and More Asia Real Estate Headlines
The ongoing redistribution of western investment in Asian markets leads today’s set of real estate headlines from around the region as one of America’s largest pension funds provides its latest portfolio update. Also making the list, Li Ka-shing’s CK Asset… Read More>>
Kadoorie Family Boosting Hongkong and Shanghai Hotels Stake for $338M
Hong Kong billionaire Michael Kadoorie has agreed to pay a steep premium to increase his family’s majority stake in Hongkong and Shanghai Hotels Ltd from 59.98 percent to 72.43 percent through an off-market share purchase totalling HK$2.63 billion ($337.5 million).
Kerry Properties’ Net Profit Drops to HK$5.4B and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, Hong Kong developer Kerry Properties posts a 22 percent profit decline for 2020, China’s HNA conglomerate begins a monumental restructuring process, and GLP J-REIT issues the first ultra-long sustainability bond in the… Read More>>
Peninsula HK 86% Empty as Hong Kong and Shanghai Hotels Faces Global Crisis
Occupancy at Hong Kong’s famed Peninsula hotel plunged to 14 percent in the first three months of the year, as the owner of the 300-room luxury hotel – Hongkong and Shanghai Hotels – suffered from what chairman Sir Michael Kadoorie… Read More>>
Pop Star Joey Yung Buys HK$200M Home and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Cantopop singer Joey Yung paid an estimated HK$200 million ($25 million) for a luxury home in Repulse Bay. Also in the headlines, you may not be able to buy a Michelin star, but… Read More>>
Hang Lung CEO Philip Chen Passes Torch to Weber Lo and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Weber Lo will step up as developer Hang Lung’s new CEO starting in May, taking over from Philip Chen. Also in the headlines, design firm Benoy sees Instagram-worthy opportunities to develop the site… Read More>>
Asia Real Estate People in the News 2017-06-11
School’s out for summer across much of Asia, but many of the region’s real estate professionals are still learning new roles this week, according to our sources here at Mingtiandi. Leading the list of familiar faces headed for new places… Read More>>