cm-hk Archives - Mingtiandi

Swire Selling Hong Kong Office Floors for $693M as Development Plan Steams Ahead

Michael Cole — Sat, 18 Nov 2023 09:03:41 +0000

With rising interest rates dimming the appeal of bank loans, Hong Kong’s Swire Group have turned to their Hong Kong office portfolio to raise cash, with two of the conglomerate’s listed units announcing late Friday that they have agreed to... Read More>>

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Hongkong Land Denies $2B Exchange Square Sale Plan as Savills Sends Flyers

Michael Cole — Wed, 09 Aug 2023 09:13:32 +0000

The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of what seems to be a 33-storey mirage.

Property consultancy Savills has prepared a marketing document promoting Three Exchange Square in the... Read More>>

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CK Asset $2.6B Sale of 21 Borrett Road Luxury Project Collapses in Hong Kong

Christopher Caillavet — Fri, 14 Jul 2023 20:21:23 +0000

Li Ka-shing’s CK Asset said Thursday that a deal to sell its 21 Borrett Road luxury project in Hong Kong’s Mid-Levels to Sino Suisse fell through after the Singapore-based firm failed to make the first payment on the HK$20.8 billion... Read More>>

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Vietnam-Linked Eric Chu Sells Quarry Bay Site at 36% Off Following Wife’s Arrest

Beatrice Laforga — Wed, 22 Feb 2023 13:13:46 +0000

A few months after the fraud arrest of his wife in Ho Chi Minh City, local businessman Eric Chu Nap-Kee has sold a commercial and residential site on Hong Kong island at the heavily discounted price of HK$435 million ($55.46... Read More>>

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Tang Shing-Bor Family Sells Two More Discounted Kowloon Assets

Mingtiandi Team — Tue, 21 Feb 2023 13:00:40 +0000

The family of Hong Kong’s late “Shop King” Tang Shing-bor has sold a serviced apartment building in Kowloon for HK$88 million ($11.22 million), according to market sources, as the group continues to liquidate assets at steep discounts in the face... Read More>>

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Schroders Sells Kowloon Office Tower for $45M as Hong Kong Opens Up

Greg Isaacson — Tue, 17 Jan 2023 12:06:33 +0000

British asset management giant Schroders has sold a 15-storey office tower in Hong Kong’s Mong Kok area for HK$350 million ($44.8 million), more than three years after the property went on sale for double the price, according to local news... Read More>>

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PAG, Mapletree Confirm $713M Buy of Hong Kong’s Goldin Financial Global Centre

Christopher Caillavet — Thu, 12 Jan 2023 04:05:36 +0000

PAG and Mapletree Investments said Thursday that they have agreed to form a joint venture to acquire Hong Kong’s Goldin Financial Global Centre from the property’s receivers for HK$5.6 billion ($713 million), confirming a Mingtiandi report from last month.

The... Read More>>

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Blackstone’s Storefriendly JV Completes $108M Kowloon Self-Storage Buy

Pawara Laothamatas — Sun, 23 Oct 2022 14:21:56 +0000

The competition for Hong Kong self-storage assets is heating up, with a Blackstone joint venture on Thursday closing on the purchase of a Kowloon industrial building for HK$850 million ($108.2 million), according to sources familiar with the deal.

A Blackstone... Read More>>

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Ares Buys $392M Stake in New World Project as First Hong Kong Real Estate Deal

Pawara Laothamatas — Sun, 02 Oct 2022 12:56:38 +0000

US private equity firm Ares Management has made its first direct investment in Hong Kong real estate, picking up a 51 percent stake in a Kowloon office project from New World Development for approximately HK$3.07 billion ($392 million).

New World... Read More>>

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Receivers Kick Off Fresh Tender for $1.15B Evergrande Centre in Hong Kong

Michael Cole — Sun, 25 Sep 2022 09:38:34 +0000

Savills has launched a fresh tender for the sale of the China Evergrande Centre in Hong Kong, just two weeks after receivers appointed by the defaulting developer’s creditors seized the Wan Chai office tower valued at around HK$9 billion ($1.15... Read More>>

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