Savills has acquired PMCC and PMCC ACTUS, a specialist Project Management and Dispute Resolution business in Malaysia. The acquisition of PMCC is a testament to Savills’ commitment to providing best-in class project management solutions, said Mr Will Forwood, Managing Director, Savills Projects...
Keehoon Lee appointed as the Head of Capital Markets for JLL Korea - JLL
JLL has appointed Keehoon Lee as the Head of Capital Markets for Korea. Lee will lead JLL's Korea Capital Markets platform from Seoul, working closely with Taeho Yi, Korea Country Head, to enhance JLL's strategies and services.
LANDMARK Central upgraded as a world-class destination for luxury retail, lifestyle and business – Hongkong Land
Hongkong Land and luxury retail tenants will invest over US$1 billion (HK$7.8 billion) in upgrading the LANDMARK in Central, Hong Kong. The project, starting in the third quarter of 2024, includes creating 10 multi-storey Maison destinations and expanding luxury brand retail areas to over 220,...
Strong growth of Bangkok’s shopping centres in the second half of 2023 – Knight Frank
According to Knight Frank Thailand Research, in the second half of 2023, Bangkok's shopping centres experienced strong growth driven by returning foreign tourists and strategic adaptations with projections for further expansion through large-scale developments and favourable new VAT laws.
Grand opening of the world-class designed "The Ring, Chengdu" by Hongkong Land
Hongkong Land launched "The Ring, Chengdu" The complex spans 220,000 sq.m. and features retail, dining, leisure, office spaces, a Hyatt hotel, and eco-friendly designs, achieving a nearly 90% retail pre-leasing rate.
ESR Group receives CSRC approval for public logistics REIT in China
ESR Group Limited has announced the approval of its ESR China REIT (C-REIT) by the China Securities Regulatory Commission (CSRC). The C-REIT, comprising high-quality logistics facilities in Kunshan, near Shanghai, with a total GFA of over 426,000 sqm and a high occupancy rate of over 90% will...
ESR Group partners with Kumamoto Prefecture in Kyushu to transform Yatsushiro City into a premier logistics hub
ESR Group Limited has signed a MOU to transform Yatsushiro City into a premier logistics hub in southern Kumamoto Prefecture, Japan, attracting investments to and supports Japan’s largest semiconductor hub on the Kyushu Island.
Southeast Asia & India emerging manufacturing centres - JLL
According to JLL, manufacturing is shifting from China to Southeast Asia and India due to rising costs and the need for supply chain diversification. Southeast Asia and India are benefiting from increased foreign direct investment (FDI) by China+1 strategy, with significant growth in countries...
Hong Kong's A Grade office market records positive net absorption in April - JLL
According to JLL, Hong Kong's Grade A office market experienced a positive net absorption of 248,000 sq ft, primarily due to owner-occupied space at 1 Stubbs Road in Wanchai and China Mobile Hong Kong leasing 47,400 sq ft in Kowloon Commerce Centre Tower A, lowering the overall vacancy rate to...
Asia Pacific is leading in office space utilisation with effective hybrid workplaces - JLL
According to JLL’s 2024 Global Occupancy Planning Benchmarking Report, hybrid work is integral to organisational strategies in the Asia Pacific, with 84% of organisations adopt hybrid models, the region also leads globally in office attendance, with 22% of employees averaging five days in the...