THE manager of ESR-Logos REIT on Wednesday said it has identified up to S$450 million of non-core assets – over 8 percent of its S$5.5 billion portfolio – for divestment over the next 12-24 months, in an effort to recalibrate its portfolio and unlock value.

Read more> ESR-Logos REIT Plans to Sell Off Less-Loved Assets In addition, this project aims to meet the sustainability goals of the Tokyu Group and LCRE through international certifications. The new House, set on the site of the iconic flagship Tokyu Department Store, will offer travellers a respite from city life. The yet-to-be-named House is set to open in 2027 and will be the first of its brand to open outside of China. Swire Hotels is collaborating with Tokyu Group and L Catterton Real Estate (LCRE) for a new luxury hotel in Shibuya, Tokyo under The House Collective brand. Read more> Swire to Open First Hotel in Tokyo That’s in addition to a third floor they already occupy in the building. Hedge fund Citadel leased the 59th floor in premium office tower Two IFC, adding 22,000 square feet, while market maker Citadel Securities took up a similarly sized 42nd floor, according to people familiar with the matter. Ken Griffin’s Citadel and Citadel Securities are snapping up extra office space in Hong Kong to accommodate expanding teams, a vote of confidence in a city that’s seen an exodus of professionals frustrated by its Covid restrictions and Beijing’s tightening grip. Citadel Expands in Hong Kong’s IFC as Rents Drop

Also in the news today, Swire Properties has announced plans for its first hotel in Tokyo and ESR-Logos REIT says it plans to sell off some non-core assets. Hong Kong’s stumbling office market looks like a bargain to at least one major US investment manager, with Chicago-based Citadel said to be tripling its footprint in the IFC. Citadel may have picked up some bargains at the IFC (Source: Getty Images)

Ifc office building inside hk