A real estate arm of state-owned China Resources Group has acquired a retail podium in Hong Kong’s Kwai Fong area from local investor Francis Law Sau-fai for HK$310 million ($39.7 million), with property owners in the Asian financial centre showing… Read More>>
North Point Theatre Sold for Reported $128M in Hong Kong’s Latest Occupier Buy
A landmark theatre in Hong Kong’s North Point district has been sold for a reported HK$1 billion ($128 million) in the latest sign of occupiers buying Hong Kong properties for their own use, as end users look to lower their… Read More>>
Henderson-Managed Sunlight REIT Picks Up Kowloon Mall for $96M
Henderson Land Development’s Sunlight REIT is boosting its retail portfolio by picking up a three-storey shopping podium in Hong Kong’s West Kowloon area for HK$748 million ($95.8 million), with the listed trust picking up the asset at a nearly 12… Read More>>
Francis Law Sells Hong Kong’s 299 Queens Road Central to Tenacity Group for HK$2.1B
Real estate investor Francis Law Sau-fai has reportedly sold a commercial building in Hong Kong’s Sheung Wan area for HK$2.1 billion ($267 million) — three times the price he paid for the asset eight years ago.
Law, the executive director… Read More>>