Nanfeng Ao Teng Plaza Chinese investment of 8 billion yuan to the end of the Kowloon Bay rare whole house put on sale The price of more than 10,000
The entire commercial building was garnered. It was reported that Nan Fung had previously put up a block sale of the Ao Teng Square in Kowloon Bay. The consortium received a purchase price of about RMB 8 billion and the price was more than RMB 10,000. It is expected to change hands within a short period of time. In addition, the Chinese property conglomerate claimed higher claims for property.
Earlier, Nanfeng commissioned a surveyor firm to sell the entire Octa Tower commercial building in Kowloon Bay. The recent investment in the commercial building was buoyant. The project was also completed with rare commercial buildings. Purchases include Chinese-funded consortia and foreign funds.
It is reported that one of the consortium’s bids reached 8 billion yuan, close to the owners’ intentional price. The property has a total gross floor area of approximately 745,000 sq. ft. Currently, the occupancy rate is over 90%, and approximately 50,000 to 60,000 sq. ft. of floor space is to be rented. It is disclosed that last week, the owner stated that the rental of Aoteng Plaza was suspended. Sale to the end of the sale. In fact, in recent years, the vast majority of transactions in large-scale commercial buildings have been undertaken by Chinese conglomerates that are bidding more aggressively. However, the Chinese property conglomerates have claimed higher voices for property acquisitions.
If you change hands this year, the second highest transaction
According to the news, buyers and sellers are conducting due diligence and are expected to change hands at the end of the month. With the purchase price of RMB 8 billion, the price was about RMB 10,738. If it eventually changes hands, it will be the second most expensive property transaction this year. The largest volume of transactions was in January this year. Henderson (00012)’s 18 commercial buildings at Jing Wah Road in North Point were sold for RMB 9.95 billion to Zhong Ke Chuang Capital and Tai Ping Trust Group with Chinese-funded background, with a total GFA of 330,000. Calculated in square feet, the price is about 30,000 yuan.
Ao Teng Plaza is located at No. 8, Linze Street, Kowloon Bay. It was completed in 2010 and has floor space ranging from 23,000 to 37,000 square feet. Among them, the 3 to 17 floors are low-rise and have a large floor area. It is 37,000 square feet, and the other 20 to 30 floors are high seats. Each floor is about 23,000 square feet. The ground floor to the first floor is a shop floor, the second floor is a parking lot, and leisure facilities such as a swimming pool and sky garden are available in the building.
The biggest selling point of the whole sea view 呎 Rent 25 yuan
In terms of location, the property deviated from the office building group and the traffic was relatively inconvenient. However, due to its location on the sea, the sea landscape of the cruise terminal became the biggest selling point. On the tenants’ side, the current well-known tenants of the building include the telecommunications company CSL, Wing Lung Bank, and Otis Elevator, with an average lease rate of around RMB 25.
Nan Fung has also invested in East Kowloon property in recent years. Last year, it invested 24.6 billion yuan in the construction of a commercial/hotel site in Area 2 of Kai Tak, Area 1F. It has become the most expensive site in history, with a total floor area of more than 19.12 million square feet. The floor price of 12,863 yuan. It is estimated that if Nanfeng successfully sells Ao Teng Square, cash can be used to cash in Kai Tak project.