Grand Ming’s iTech Tower 3 complex (Image: DC Byte) Amazon Web Services has agreed to buy two data centre projects in Hong Kong’s New Territories from debt-laden developer Grand Ming Group for up to HK$2.45 billion ($312 million), in a deal that would turn an existing tenant into the owner. The digital infrastructure unit of…
Goodman’s HKG10 is set to add 50 megawatts to the Hong Kong market in early 2028 (Image: Goodman) Goodman Group has raised $455 million in equity for its Hong Kong Data Centre Partnership, with most proceeds earmarked to fit out a 50-megawatt facility in Tsuen Wan. Existing and new institutional investors backed the fundraising for…
The Parramatta Metro precinct will include condo units, a commercial tower, student housing and a hotel (Image: NSW government) Hong Kong’s MTR Corporation and Malaysia’s Gamuda have won an A$880 million ($636.7 million) government contract to build a metro station and 970 housing units in western Sydney’s Parramatta area. The deal to design and build…
The Yan Wo Building in North Point has a new future (Image: Google) Centurion Corporation is set to become the latest Singapore investor to boost its property holdings in Hong Kong with the rental accommodation specialist nearing a deal for an apartment block in the city’s North Point area. A local unit of the SGX-listed…
The Quad aims to serve Hong Kong’s higher education market (Image: Google) China Merchants Commercial REIT and a BentallGreenOak fund are picking up a student housing project in Kowloon at a 40 percent discount from the original owner’s total investment cost. The REIT managed by Shenzhen’s China Merchants Land announced to the Hong Kong stock…
Hong Kong authorities have big plans for Hung Shui Kiu-Ha Tsuen New Development Area (Image: HKSAR) A joint bid by Chinese e-commerce giant JD.com, Hong Kong builder Sino Land and four mainland developers won a tender for an integrated residential and tech park project near the mainland border with total investment in the development expected…
TVB City has room for a few server racks (Image: Dragages) Fund manager Gaw Capital Partners is planning to to build an AI hub in Hong Kong’s Sai Kung district through a joint venture with local broadcaster Television Broadcasts Limited (TVB), according to an announcement on Monday. The partners have signed a heads of agreement…
Creditors have seized Schroders’ floors in the Harbourfront Landmark (Image: JLL) Creditors have seized a set of three Kowloon commercial floors from Schroders Real Estate, marking the third time that banks’ have taken assets from the UK fund manager in just over a year. Colliers and Savills were appointed joint agents by the receiver to…
The Belvedere was completed in 1980 (Image: JLL) Singapore’s SC Capital Partners has acquired a luxury residential compound in southern Hong Kong Island in a bet on growth in the city’s premium housing market. The fund manager announced Friday that it has acquired five townhouses in Chung Hom Kok, with Land Registry records showing that…
Weave and LaSalle acquired 68 Robinson Road in 2022 for HK$275 million Weave Living and LaSalle Investment Management are seeking HK$450 million ($57.4 million) for a serviced apartment tower in Hong Kong’s Mid-Levels West, market sources confirmed to Mingtiandi on Monday, as accommodation specialist Weave continues to reshape its hometown portfolio. The partners have put…