India’s de facto sovereign fund leads this week’s review of personnel moves from around the region with news reports indicating that the organisation is targetting an Actis executive as its next chief executive. Also making the list are senior leadership… Read More>>
China Resources to Raise Up to $1B in Hong Kong IPO and More Asia Real Estate Headlines
A real estate unit of China Resources plans to raise up to $1 billion in a Hong Kong IPO, with that story leading our roundup of real estate headlines from around the region. Also in the news, the… Read More>>
China Resources Buying Mall in Hong Kong’s New Territories for $170M
A unit of China Resources Group has picked up the group’s fifth major Hong Kong property over the past year with its purchase of a shopping complex in the New Territories from mainland investor Hugo Lam Chi-fung for a record… Read More>>
China Resources Logistics Adds Fifth HK Industrial Asset in Two Years
A unit of China Resources Group has agreed to buy a pair of warehouses in Hong Kong from Kerry Properties for a total consideration of HK$4.62 billion ($588.6 million), with the deal bringing the mainland firm its fourth and fifth… Read More>>
Family of Hong Kong’s Late Shop King Sells Fanling Industrial Asset for $89M
The family of late “Shop King” Tang Shing-bor has sold a second New Territories industrial asset to China Resources Group, as the cash crisis of one of Hong Kong’s most active real estate investors creates an opportunity for the mainland… Read More>>
Stan Group Sells Hong Kong Industrial Building to China Resources for $290M
In Hong Kong’s biggest en-bloc industrial transaction this year, local property firm Stan Group has sold the East Asia Industrial Building (Phase One) in the New Territories for HK$2.24 billion ($290 million).
The asset sale is the fourth in less… Read More>>
China Resources-Led Group Buying Hong Kong Supermarket Chain for $300M
China Resources Capital Management, the alternative investments arm of China’s state-owned conglomerate China Resources Holdings, said Thursday it and partner Asia Food Growth Fund have signed an agreement to buy a 65 percent stake in Hong Kong-based high-end supermarket chain… Read More>>
Asia Real Estate People in the News 2020-08-03
Once the preserve of those not stylish enough for retail or slick enough for office, industrial real estate specialists lead Mingtiandi’s round-up of people moves this week as a GLP veteran teams up with a Li & Fung director to… Read More>>
China Resources Unit Said Buying HK Industrial Asset for HK$820M
A branch of one of China’s largest state-owned conglomerates is growing its footprint in Hong Kong with the HK$820 million ($106 million) purchase of an industrial asset in the eastern New Territories, as mainland players return to the Hong Kong… Read More>>
HK Property Crisis Looms as Homeowners Face Negative Equity and More Asia Real Estate Headlines
Hong Kong leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that falling prices are driving homeowners into negative equity, spelling more trouble ahead for the property market.
In other news around the region,… Read More>>