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CapitaMall REIT breaks forecasts for Q2 2008
17 July 2008
Singapore’s largest real estate investment trust (REIT) by capitalisation, CapitalMall Trust, unveiled higher than expected returns on 17 July 2008, unveiling a 13.2 percent year-on-year growth. |
Hongkong and Shanghai Hotels enter European market with Paris Peninsula
16 July 2008
The The Hongkong and Shanghai Hotels, Limited (HSH) have announced that it will develop a flagship Peninsula hotel on the prestigious Avenue Kleber in Paris, France. |
Champion splurges on Langham Place despite clouds on the horizon for Asian markets
3 June 2008
Champion REIT announced the successful acquisition of the Langham Place Mall and Office Tower in Mongkok, Hong Kong. |
CoreNet Global Announces its Asian Region Council for 2008
27 May 2008
Professional real estate association, CoreNet Global, today welcomed the appointment of Nigel Harris as its Regional Chair for Asia, with immediate effect.
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Asia sees first long-dated OTC property derivative option
21 May 2008
Goldman Sachs and Lehman Brothers Global Real Estate Group today sealed Asia first long-dated over the counter (OTC) property derivative option. |
Airports to add 78 mil sqf of RE to Indian cities by 2015
20 May 2008
A report suggests that the modernisation and creation of 47 airports across India will add 41 mil sqf of office space, 27,000 hotel rooms and significant retail space to Tier I, II and III cities.
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RPM International acquires Flowcrete
15 May 2008
RPM International Inc, a multinational manufacturer of high-performance coatings, sealants and speciality chemicals has announced the acquisition of Flowcrete Group.
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Ireland, Vietnam, and Slovakia Emerging as Development Hot Spots.
8 May 2008
Move over Bangalore. Step aside Shanghai. The Indian and Chinese cities' status as the hottest spots for information technology and manufacturing development may be ending, according to a new report released 6 May at the San Diego CoreNet Global Summit.
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New Financing Initiative for Private Sector Investment in Energy-Efficient Projects in PRC
5 May 2008
The Asian Development Bank (ADB) has selected Standard Chartered Bank as the first partner financial institution in the pilot program that will initially target energy efficiency programs for buildings focussing on financing for small and medium-sized companies.
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Inaugural RFP Outstanding Individual Awards recognise unsung heroes of
Asian real estate
11 April 2008
RFP (real estate, facilities, projects) Magazine today revealed the winners of the Outstanding Individuals in Industry Awards 2007. The 12 winners (across 9 categories that span the entire lifecycle of real estate) hail from across the Asia Pacific region. |
New MOU to promote Indian green buildings
7 April 2008
The Energy and Resources Institute (TERI) have signed a memorandum of understanding with DuPont, starting a partnership that aims to foster the design and certification of green buildings in India.
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Philippines tourism project attracts investment
3 April 2008
Star Cruises and Alliance Global Group, Inc. (AGI) have revealed plans to develop a US$1 bil integrated resort in the Manila Bay reclamation area. The plans include various leisure facilities such as theme parks, cultural centers, a casino and hotels.
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New Hong Kong business alliance set sights on climate change
31 March 2008
Climate change is both an opportunity and threat, according to senior business figures at the launch of the Climate Change Business Forum (CCBF) in Hong Kong on March 17th.
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Hong Kong PGBC building awards go global
31 March 2008
Hong Kong's Professional Green Building Council (PGBC) has announced that their second green building awards (GBAs) will allow nominations of projects completed by local professionals outside the territory.
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Earth Hour becomes a global concern for building owners
27 March 2008
Companies and individuals who make up the real estate, facilities and projects (RFP) industries across Asia have got on board with Earth Hour 2008.
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Deal signed for intelligent real estate centres in Malaysia
25 March 2008
Cisco and Malaysian Resources Corp. Berhad (MRCB) announced in March that they will collaborate to develop first-of-its-kind intelligent real estate centres in Malaysia.
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Global study uncovers next generation's workplace requirements
17 March 2008
Johnson Controls International (JCI) and Haworth have launched a global survey across aimed at uncovering the expectations of the next working generation to help to understand their preferences for their future workplace.
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RB Capital pre-let 66 percent of Singapore landmark
13 March 2008
An anchor tenant has taken two thirds of the lettable space in 67 High Street, the RB Capital re-development standing opposite Parliament House in Singapore.
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China retail giant looks to buy as rents rise
12 March 2008
When Suning Appliance, one of China 's largest home appliance retailers announced intentions to buy rather then rent key sites when expanding their network by 200 stores this year, more than a few eyebrow were raised.
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Beyond BRIC - emerging economies overtake OECD
5 March 2008
Investors willing to look beyond Brazil, Russia, India and China (BRIC) will find an additional 13 emerging economies that also have the potential to grow significantly faster than the established Organisation for Economic Co-operation and Development (OECD) countries.
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Sustainability critical, but not enough to pay for it
4 March 2008
Nearly half of Asia Pacific corporations say sustainability is a critical issue, but only one in ten are willing to pay a high premium to go green.
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New tariff raises Dubai electricity and water costs
3 March 2008
Dubai Electricity and Water Authority (DEWA) introduced a new tariff structure on 1 March that will see electricity bills rise by as much as 65 percent.
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Major road project to link Western Mongolia with China and Russia
27 February 2008
Mongolia is embarking on an ambitious road project that will link the nation's western region with the People's Republic of China and the Russian Federation.
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New regulations allow service providers to expand in China
26 February 2008
A number of international companies are receiving central government approval to offer their construction and fit-out services independently in China.
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Shama balance aggressive expansion with maintaining brand quality
21 February 2008
One of Hong Kong 's hospitality success stories, Shama serviced apartments, today unveiled their new senior management team and outlined ambitious expansion plan to expand fivefold in the next three years.
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Asian REITs continue to emerge as alternative asset class
12 February 2008
The lunar new year is welcoming in a number of new developments in Asia 's REIT market. |
China's manufacturing facilities count cost of frozen golden week
6 February 2008
Adverse whether conditions that have brought much of China 's new year festivities to a grinding halt over the past week are estimated to have cost the economy CNY54 bil, are causing an FM headache for many manufacturing facilities. |
Philippines first in Asia to officially announce end of incandescent bulbs
5 February 2008
President Gloria Macapagal Arroyo has announced plans to phase out incandescent bulbs by January 2010.
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JLL acquires Sallmanns in move to capture China financial CS market
5 February 2008
Jones Lang LaSalle, the real estate services and money management firm, has acquired Sallmanns, the specialist chartered surveyors firm.
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Middle East Facilty Managment industry valued at US$892bn
4 February 2008
The FM market in the Arabian Gulf will be worth an estimated $892bn over the next 25 years.
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Value of Jockey Club "Skeleton Tower" for Central Police Station questioned
24 January 2008
The 500 ft tall Herzog & de Meuron designed tower central to the Hong Kong Jockey Club's (HKJC) proposal will add a significant burden to the site's financial sustainability. |
New strategic contract furniture partnership to serve HK market
17 January 2008
Vitra, the high-end office furniture brand, has announced a new strategic partnership with BW, the furniture arm of the JEB Group. |
Pedestrian monitoring system to track Hong Kong retail market
16 January 2008
FootFall Experian is preparing announce the launch of Hong Kong's first ever Retail FootFall Index. |
Fortune REIT appoints new CEO
8 January 2008
ARA Asset Management (Singapore) Limited have appointed Stephen Chu as the Chief Executive Officer of
Fortune REIT.
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Hong Kong Rental Forecast 2008
7 January 2008
Knight Frank bullish, Colliers forecast slowdown while DTZ not sure yet. |
HSBC gives Hong Kong office roof green makeover
6 January 2008
HSBC has installed its first-ever energy saving rooftop garden at a 16-floor Mongkok office. |
Goldman Sachs eyes Asian spending spree
Goldman Sachs plans to spend US$2 bil on property investment in Asia across real estate asset classes, including direct purchases of buildings, development opportunities and equity stakes in listed property companies. |
Lehman Brothers and YTL partner on luxury Thai resort
Lehman Brothers Investments are teaming up with YTL Corp to develop a five-star luxury resort in Thailand's Koh Samui island, valued at US$81 mil.
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Hong Kong PolyU to get Zaha Hadid designed "Innovation Tower"
The Hong Kong Polytechnic University has appointed world-renowned architect Zaha Hadid to design its new Innovation Tower.
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JLL head to India for global executive meeting
The emergence of India's real estate market was underlined when Jones Lang LaSalle recently hosted its Global Board of Directors and Global Executive Committee in Mumbai. |
Grade A office demand continues to outstrip supply in Asian CBDs
Asian office markets generally sustained their positive momentum in the third quarter of 2007, according to figures released by CBRE. |
ICC bags second anchor tenant
Credit Suisse has agreed to lease the top 10 office floors of ICC from Sun Hung Kai Properties. |
Beyond China and India: future development hubs identified by CRE and site selection experts
CoreNet Global Summit Panelists Dub San Pedro Sula, Honduras, Sofia, Bulgaria and Chengdu, China as "Sleepers," but warn of pitfalls. |
Sustainable Building Conference kicks off in Hong Kong
SB07 HK, a conference examining the latest developments for green buildings worldwide started today.
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Japan wins big at MIPIM Asia Awards
Japanese projects scoop four MIPIM Asia awards at the ceremony held at the real estate investment conference in Hong Kong.
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Survey shows cost of construction in East Asia
Japan has the highest construction costs in Asia, while construction in China costs are less than half of those in Hong Kong, according to a survey conducted by the Royal Institution of Chartered Surveyors (RICS). |
Citygroup sell Shanghai tower for US$105 mil
Citygroup Property Investors have sold Novel Plaza, the 22-storey prime Shanghai office building, to Capital Strategic Investment Limited. |
Restrictive development legislation sees top 5 retail rent increases in India
Lack of quality space and restrictive legislation saw retail rents in five locations in India make it into the global top ten locations that have experienced the highest annual percentage rental increases |
Hospitality designers acknowledged in separate US industry awards
Two big-name design firms with high profile projects ongoing across Asia have been recognized for their efforts by two separate industry awards. |
RFP Searches for Outstanding Individuals in New Landmark Industry Awards Scheme
Unique awards launched by RFP magazine to recognise individuals who have made outstanding contributions to the industries of the built environment in Asia. |
The sky's the limit for developer's new RE agency
Sino Group launched their first real estate agency at a grand opening in East Kowloon on 29 October. |
More Asia real estate investment options for US investors
ING Funds has formed an ING Asia-Pacific Real Estate Fund that is the latest among portfolios raising capital from global investors for allocation in this region. |
Majority owners of Hotel REIT acquire RMB213 mil China development site
Regal Hotels International Holdings, majority stakeholders in the Regal Hotel REIT, have bought a 111,868 sqm development site in Chengdu , China |
A new perspective on project design awards
Asian design magazine Perspective will announce the winners of their annual Awards at a glitzy ceremony in Hong Kong tonight. |
New link to improve Asia-Pacific telecommunications
A leading communications solutions provider, VSNL, announced that it is proceeding with the construction of the TGN-Intra Asia cable system
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Building Technology Firms Acknowledged
A global growth consulting company, Frost & Sullivan, recently hosted its annual Building Technologies Excellence Awards in New Delhi. |
Real estate construction in Gulf hits US$1 trillion
According to a recent industry intelligence report, investment in real estate across the Arabian gulf has surpassed US$1 trillion |
Singapore 's URA reserved site calling for hotel applications
The Urban Redevelopment Authority (URA) of Singapore released the reserve site at Jalan Bukit Merah- Alexandra Road on 17 August for hotel developments. |
KCR rooftop to house Hong Kong 's largest sky garden
The area around KCR Tai Po Market station will soon filled with a lively green sky garden. |
Video Conferencing enters High Definition Era
The first executive desktop video-conferencing system to offer high definition (HD) voice, video and content sharing is now available on the market. Polycom Inc. |
The launch of ICC Show suite
International Commerce Centre (ICC) has opened its high-tech, 5,000 sqf show suite to prospective tenants on 6 September, 2007. |
Morgan Stanley raises new Asia dedicated private equity fund
Morgan Stanley announced on 2 October that its Asia private equity group, Morgan Stanley Private Equity Asia (MSPE Asia), has raised aggregate commitments of approximately US$1.5 billion for Morgan Stanley Private Equity Asia III, L.P. (the Asia Fund). |
Lights out for incandescent bulbs in China
China has agreed to phase out incandescent bulbs according to the chief Executive of the Global Environment Facility, a global environmental funding agency |
Hopewell Holdings secure HK$7 bil syndicated revolving credit facility
Hopewell Holdings Limited (HHL) have signed a HK$7 billion seven year syndicated revolving credit facility agreement with 20 international and local banks. |
Asian property awards shortlist announced
The shortlist for the MIPIM Asia Awards has been announced. An international jury, chaired by Dr Robert Lie, CEO of ING Real Estate Investment Management Asia, selected the most outstanding property projects in the Asia Pacific region. |
APREA launches Hong Kong Chapter
The Asian Public Real Estate Association (APREA), formed to promote, represent and develop the publicly traded real estate sector in the Asia Pacific region, launched its Hong Kong Chapter on 6 September. |
Executive buyout at Executive Centre
Serviced office operators, The Executive Centre, have completed a management buyout, backed by Marathon Asset Management LLC. |
Lighthouse Club's new group encourages women to participate in the construction industry
A new 'Women in Construction Group' has formed to build a forum for women in various disciplines of the construction industry. |
Steelcase acquires Ultra office furniture for US$13.28 mil
Steelcase the global office product manufacturer, has announced the impending purchase of Ultra, the office furniture company focusing on the China and Asia markets |
Go West, there is culture there
The Hong Kong SAR government has launched three-month public consultation on the future of the West Kowloon Cultural District |
New open architectural competition to bring technology to isolated communities
The AMD Open Architecture Challenge has been launched by Architecture for Humanity, inviting architects, designers, students and others.. |
Tiffany sells off flagship store in Tokyo for 38 bil yen
Luxury jewelry retailer Tiffany & Co has sold its Tokyo flagship store, land and building to investment bank Goldman Sachs for US$318 mil on 30 August. |
