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.
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 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…