Wharf Real Estate Investment Company – Charm

Hongkong Land acquires Singapore’s Wheelock Place in US$900m deal

2 weeks ago02 mins

Hongkong Land will acquire Singapore’s Wheelock Place for about S$1.1 billion (US$900 million) through its Singapore Central Private Real Estate Fund (SCPREF), marking the fund’s first acquisition since its launch in February. The mixed-use commercial property on Orchard Road is being acquired from an entity owned by Hong Kong-listed Wharf Real Estate Investment Company, according…

Middle East tensions add uncertainty to Hong Kong retail rents, Wharf REIC says

5 months ago02 mins

Hong Kong’s fragile retail recovery is clouding the outlook for shopping mall rents, with Wharf Real Estate Investment Company (REIC) warning that rising geopolitical tensions could add further uncertainty even as visitor traffic improves. “Volume increase, however, was not often accompanied by commensurate yield increase,” the company said in its annual results released on Tuesday….