Causeway Bay Excelsior hotel to sell two foreign agents were commissioned
Jardine Group within the Mandarin Oriental, interested in selling Causeway Bay Excelsior Hotel, quickly became the city hot words. The hotel has commissioned two foreign agents, as a joint project to promote.
Market news that Causeway Bay Excelsior Hotel put the disk, due to the huge investment in the project, naturally become the major agents battleground. Market news revealed that the owners also invited them to submit a marketing plan book. As a result, the owners had commissioned the foreign surveyor, DTZ and the first Pacific Davis, to promote the project as a marketing agent. News that the owners concerned to accept the source, although the marketing and other work to the two agents, but other agents have an exclusive source, the owners are willing to negotiate.
Approved the construction of 26-storey commercial buildings
News that the market estimates the market value of the project up to 25 billion to 30 billion yuan. Excelsior Hotel was approved by the Buildings Department for a period of 26 years from the Buildings Department, plus a total floor area of about 68 million square feet.
In early years, the Town Planning Board set up height restrictions on buildings in Causeway Bay. Shex and Excelsior hotel owners were given a judicial review last year. In other words, the future design of the property can be more flexible.
Knight Frank senior director and director of the Department of Valuation and Consulting Lin Haowen pointed out that the Excelsior Hotel is the area with a large area of commercial space, adjacent commercial buildings at least 3 million per square foot, so if the project developed into part of the office , As well as shopping malls mixed projects, the valuation will be higher. If the conservative to 35,000 yuan per square meter, the valuation of 23.8 billion yuan. However, he estimates that the valuation will depend on the opening, and whether it is necessary to bear the cost of demolition. Open is better, you can enjoy a higher valuation.
“The value of the shopping mall is very valuable, and it is estimated that the floor price per square foot is between $ 40,000 and $ 50,000 and the valuation is between $ 27.3 billion and $ 340 million,” said Zhang Shengdian, head of the Urban Enterprise Valuation Department. Billion yuan. If the amount of 30 billion yuan, that is, per square foot floor price of 45,000 yuan.