Hong Kong’s biggest buyer of commercial sites in its Central district leads this week’s roundup of personnel moves as Henderson Land reaches into the leadership of one of its rivals for more leasing firepower. Also making the list are promotions… Read More>>
Keppel DC REIT Acquisitions Boost Distributions and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore-listed Keppel DC REIT reports 2.5 percent year-on-year growth in its distribution per unit for the first half of 2022, as Mapletree Industrial Trust posts a 4.2 percent boost and CapitaLand China Trust… Read More>>
New World Consolidating Causeway Bay Site for $1.7B Commercial Project
Hong Kong’s New World Development is moving closer to adding a HK$14 billion ($1.7 billion) commercial project to the city’s busiest shopping district, having reportedly applied for a compulsory sale of three adjacent properties in Causeway Bay this month, according… Read More>>
New World Breaks Ground on Huaihai Road Project in Shanghai
New World Development recently began work on its second K11 commercial project in Shanghai, breaking ground on a 17,171 square metre (184,827 square foot) site in the heart of the Middle Huaihai Road shopping district, according to a company press… Read More>>
LV, Fendi Close Shops in Hong Kong’s Times Square and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Louis Vuitton and Fendi shops in Hong Kong’s Times Square close for good after a tussle over rents, and the brother-sister team in charge of New World Development and its hotel unit Rosewood… Read More>>
Asia Real Estate People in the News 2020-07-06
Leading this week’s collection of role changes among the region’s real estate professionals, the head of one of Singapore’s largest commercial developers is stepping down after more than a quarter-century at the helm.
Continuing the quarter-millennia theme, a veteran valuer… 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>>
Indonesian Co-Working Player CEO Suite Takes Kowloon Office Forfeited by Kr Space
Jakarta-based co-working provider CEO Suite is opening a 27,000 square foot (2,508 square metre) office location in New World Development’s K11 Atelier in Tsim Sha Tsui, according to market sources who spoke with Mingtiandi, moving into a prime Hong Kong… Read More>>
Property Blue Blood Adrian Cheng Gets Cozy with Pop God Pharell Williams
Property aristocracy rubbed shoulders with pop royalty in Hong Kong earlier this week when Adrian Cheng schmoozed with superstar Pharrell Williams at the pre-launch unveiling of K11 ARTUS, the real estate scion’s brand of serviced apartments for cultural creatives at… Read More>>
New World Buying Guangzhou Site Next to China’s Largest Amusement Park for $690M
New World Development last week announced to the Hong Kong Exchange that it is buying a 65 percent stake in a site in Guangzhou, next to the country’s largest amusement park, for a total consideration of over RMB 4.78 billion… Read More>>