Swire Sells Pair of Miami Office Buildings for $163M and More Asia Real Estate Headlines – Mingtiandi

Swire Brickell City Centre

Swire has sold a pair of Miami office buildings despite the pandemic

One of Hong Kong’s best-known developers leads the news today with Swire Properties having confirmed that it has sold a pair of office buildings in downtown Miami despite the city being wracked by the COVID-19 pandemic.

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Back on the shores of Victoria Harbour another Hong Kong-listed builder is fighting off a debt infection as Goldin Financial Holdings today announced that it has reversed an earlier deal to sell a Kai Tak housing plot, after finding a new buyer. And in Singapore, the well-connected are hooking up with green loans while retail landlords continue to report bad news.

Swire Sells Brickell City Centre Offices to Northwood Investors for $163M

Swire Properties has sold its two office buildings at Brickell City Centre for $163 million. The Hong Kong-based firm sold both 130,000-square-foot buildings to affiliates of the Santa Monica-based Northwood Investors, according to the South Florida Business Journal, which first reported the deal.

The office building at 78 SW Seventh St. sold for approximately $80.3 million; the building at 98 SW Seventh St. sold for $82.7 million, after the offices were first listed on the market in January 2020. Source…

Global Real Estate

Author: Global Real Estate