BNP Paribas takes 8 floors in Taikoo place as multinationals flee HK’s Central

BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong Kong’s Central district and is picking up stakes for Quarry Bay.

The company, which is the world’s sixth-largest financial services institution, has recently signed a lease for eight floors in Swire Properties’ Lincoln House in Taikoo Place covering some 100,000 square feet.

Evergrande buys jumbo Chongqing project for $498m

Mainland homebuilder China Evergrande Group is doubling down on western China by buying a 320,000 square metre office, retail, and residential project in Chongqing as part of a RMB 3.29 billion ($498 million) deal.

The transaction comes just over two years after the company paid $903 million for a mixed-use project in the same city.

Phoenix announces sale of pair of Hong Kong properties for …