Global institutional funds have stepped up their purchases of industrial property in Hong Kong this year by 54 per cent, as Covid-19 continues to support bullish demand for data-centre and cold-storage facilities.They spent HK$17.3 billion (US$2.2 billion) or 61 per cent of total transactions of such assets so far this year, according to CBRE based on deals valued above US$10 million threshold. The funds invested HK$11.2 billion or just over one-fifth of the total in all of 2020.“New industrial…
Source : South China Morning Post
Read more…Blackstone, SilkRoad turn Hong Kong’s industrial property into a hotspot with 54 per cent jump in investment















