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Shop King Swaps City Hotel for Suburban Site in US$180M Deal (Mingtiandi)

Hong Kong billionaire Tang Shing-bor, known as the city’s “Shop King”, is trading an 80-room hotel in Wan Chai for a potential housing site in Sai Kung, a suburban area of the city, in a ...
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Retail Logistics Start-up Blu World Wins JTC Tender for Tampines Industrial Site (The Straits Times)

Government-owned JTC has awarded the tender for an industrial site at Tampines Industrial Drive (Plot 10) to retail logistics start-up Blu World Pte. Ltd., which operates under the brand-name blu. The tendered price of $3.2 ...
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Far East is Seen as Likely Buyer of Le Meridien in Sentosa Singapore (The Business Times)

FAR East Organisation, owned by the Ng family, may buy the Le Meridien Singapore in Sentosa. The 191-room property has a balance lease term of about 57 years. The hotel is owned by Treasure Resort, ...
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Mitsui Fudosan Logistics Park Buys 60% Interest in Industrial Facility

Mitsui Fudosan has acquired two logistic buildings from MG Leasing for 5.3 billion yen (US$47 million). The combined area of the buildings in the city of Tsukubamirai in southwestern Ibaraki Prefecture is 62,500 sqm, and ...
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Australia real estate

Goodman Makes Industrial Acquisitions in Northern New Jersey (Market Watch)

Anchoring its northeast gateway city strategy, Goodman Group has closed on two strategic sites in East Rutherford and Teterboro in Northern New Jersey. Goodman is also opening an office in the Meadowlands to support its ...
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Dexus Buys Prime Site on Collins Street in Melbourne CBD

Dexus has acquired 60 Collins Street in Melbourne for A$160 million and the adjoining property at 52 Collins for A$70 million. Dexus has proposed to consolidate the two sites across 2,000 sqm with plans to ...
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Warburg Pincus-backed Real Estate Firm Eyes Co-working Market as Demand Rises in Hong Kong (SCMP)

Kailong, a Shanghai-based real estate investment management company backed by US private equity fund Warburg Pincus, is planning to include a co-working element at all eight of its commercial properties in Hong Kong (SCMP) ...
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China’s Poly Group to Begin Building A$300M Sydney Tower (Mingtiandi)

Chinese conglomerate and property heavyweight China Poly Group Corporation has hired Australia-listed construction company Watpac to begin construction of its A$300 million office tower in central Sydney, according to the Australian local media ...
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