Ares Management, one of Asia’s largest alternative investment managers, is doubling its real estate footprint in Hong Kong, a move that aligns with a broader expansion by financial firms and demand for office space in the core Central business district. The Los Angeles-based asset manager would add about 12,500 sq ft of space in Gloucester…
Ares Management, one of Asia’s largest alternative investment managers, is doubling its real estate footprint in Hong Kong, a move that aligns with a broader expansion by financial firms and demand for office space in the core Central business district. The Los Angeles-based asset manager would add about 12,500 sq ft of space in Gloucester…
This article first appeared on GuruFocus. UOB’s $1.3 billion exposure to Shimao Group’s (SHMAY) luxury Beacon Peak development in Hong Kong is starting to look more like a liability than a lending success. The Singapore-based bank is extending the loan’s maturity by another three years, after quietly failing to sell it to private credit funds…
The decline in Hong Kong’s office rents slowed in the second quarter amid rising leasing demand from finance and law firms, but analysts cautioned this trend was unlikely to substantially benefit landlords as prices are yet to recover. Overall grade A office rents fell 1 per cent quarter on quarter compared with steeper declines in…