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Mar 11 2021, 11:07 AM March 10 2021, 2:30 AM March 11 2021, 11:07 AM (Bloomberg) Hong Kongâs property investors are looking beyond the cityâs skyscrapers to bet on dated factory buildings for better returns. (Bloomberg) Hong Kongâs property investors are looking beyond the cityâs skyscrapers to bet on dated factory buildings for better returns. Industrial property transactions sped up this year, reaching HK$2.7 billion ($348 million) in the first two months, according to CBRE Group Inc. That represents 73% of the amount for all of last year, the property firm said. Sales of office and retail properties are weak in comparison. Office transactions stand at HK$1.2 billion so far this year, and only HK$926 million worth of shops have been sold, CBRE data show. ....
Mingtiandi Username Colliers Hong Kong has hired former CBRE veteran Stanley Wong as senior executive director for capital markets and investment services, aiming to accelerate growth and attract new clients to the real estate brokerage. Wong recently left CBRE, where he had handled more than HK$8 billion ($1 billion) in transactions in nearly nine years with the firm’s capital markets team, where he served most recently as an executive director focusing on trades of en bloc buildings and retail podiums. Helping to round out Colliers’ investment team are senior director Freddy Wan, director Matthew Cheng and manager Joe Yip, all freshly hired after stints at CBRE. ....