Mainland Chinese financial institutions have expanded their physical footprint in Hong Kong's prime business district at their fastest pace in five years, driving up rents and underscoring how Beijing's policies are reshaping the city.
While international firms are consolidating and re-locating offices to save money, Beijing is pushing on with plans to draw the former British colony into a Pearl River Delta mega-economy - and China's financial institutions are leading the way.
Mitsubishi Estate has already redeveloped a significant portion of Tokyo's Marunouchi district and turned the area into Japan's financial hub
Total returns from investment property in Ireland hit 6.3% in the second quarter of 2015, rising above the 4.3% returned in the first quarter of the year, new data shows.
Offices continued to lead the market, returning 7.4% in the last quarter, and 37.7% year on year compared with 33.0% in 2014, another record performance figure for the office sector, according to the figures from the IPD/SCSI quarterly property index.
Manhattan commercial real estate leasing posted another solid quarter at the end of June, with rising asking prices for office space and availability in decline, Colliers International said on Tuesday.
Sales of commercial real estate in 2015 are on track for the biggest year since a record 2007, with foreigners accounting for 41 percent of buying activity, Colliers said.
The Lotte World Tower, when completed, will be Seoul’s first supertall skyscraper. But Koreans have become concerned over a string of accidents at the project, including three construction worker fatalities.
SPINNINGFIELDS block 4 Hardman Square has changed hands in a £31m deal.Orchard Street Investment Management has acquired the building on behalf of St James’s Place from a GLL Real Estate Partners fund.The 54,300 sq ft block is home to HSBC and Grant Thornton and has a Pret a Manger cafe...
A buyer has been found for New Scotland Yard, the headquarters of the Metropolitan Police, London's deputy mayor for police and crime has said.
Stephen Greenhalgh said the proceeds of the sale would be reinvested in frontline policing.
The office block near Victoria station has housed the Met since 1967, but is being sold off as part of a cost-cutting effort.
The Gherkin, one of the most distinctive buildings on London's skyline, has been bought by a Brazilian billionaire.
Joseph Safra is reported to have paid more than £700m for the 180 metre tower, which is officially known as 30 St Mary Axe, its street address.
The Norman Foster-designed building was completed in 2004 for Swiss Re.
The insurer sold the building in 2006 at the height of the last property boom for £600m.
Communities Secretary Eric Pickles has allowed on appeal a 550-home, mixed-use development on farmland near four Grade II-listed buildings at Ramsgate Kent, in an area without a demonstrable five year supply of deliverable housing land.
The outline application had been turned down by Thanet District Council.
Developer East Kent Opportunities and Rosefarm Estates PLC proposals also involved up to 63,000 square metres of office space and a local district centre with convenience retail and community healthcare facilities.
London's Gherkin skyscraper has been put up for sale, with interest expected from Chinese, other Asian, and US buyers, estate agency Savills has said.
The City of London tower is expected to fetch offers in the region of £650m, the firm said.
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