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…
About a quarter of the runners for the coming Standard Chartered Hong Kong Marathon are from outside the city, a record for the annual race, the organiser has said. Authorities also warned that road closures for Sunday’s marathon will affect services along 269 bus and 40 minibus routes, and called on residents to plan their…
The only cinema in the Ma On Shan area has shut down, joining the wave of theatre closures in Hong Kong that began during the pandemic. Emperor Cinemas announced on Monday that its branch in MOSTown, a shopping centre in Ma On Shan, had ceased operations on the same day. No reason for the closure…
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…
Hong Kong police are searching for a man who snatched a Rolex watch worth HK$650,000 (US$83,370) from a luxury shop in a busy shopping district while posing as a customer. The force said on Sunday it received a report at 12.46pm from staff at Prince Jewellery & Watch on Haiphong Road in Tsim Sha Tsui,…
Hong Kong police have arrested a Russian woman on suspicion of damaging a private car and brandishing a knife in Tsim Sha Tsui, with an online video showing her stopping the vehicle in the middle of the road. Police said they received a report at 6.05am on Saturday that the woman had been hitting the…
Nestlé Hong Kong has recalled another batch of baby milk formula over fears of potential bacterial contamination, while the latest government tests found no toxins in the brand’s products currently on sale locally. A spokeswoman for Nestlé Hong Kong said on Saturday that the company had added a batch of formula with a best-before date…
Hundreds of eager shoppers flocked to Fortnum & Mason on Saturday for discounted products before the British luxury department store closes, with staff stopping the queue two hours after opening. By 2pm, the Post observed a queue of around 100 people stretching along the Tsim Sha Tsui waterfront. Staff began turning customers away from 1pm,…
McDonald’s has sold another Hong Kong retail property for HK$118.7 million (US$15.2 million), bringing the proceeds from its ongoing asset disposal programme to about HK$490 million, as well-capitalised investors continue to snap up prime real estate. The 10,000 sq ft-plus property at 46-47 Yee Wo Street in Causeway Bay was sold to Evergreen Capital Partners….
McDonald’s has sold another Hong Kong retail property for HK$118.7 million (US$15.2 million), bringing the proceeds from its ongoing asset disposal programme to about HK$490 million, as well-capitalised investors continue to snap up prime real estate. The 10,000 sq ft-plus property at 46-47 Yee Wo Street in Causeway Bay was sold to Evergreen Capital Partners….