Consortium 3190 million purchase Xiying plate old building 5 groups

WASHINGTON (Reuters) – The acquisition of the old building was due to the acquisition of a total of 3 acquisitions and a total investment of RMB31.9 million, which was successfully acquired.

Mei Fong Street No. 24 belongs to a 6-storey commercial and residential building with a length of 50 years. It is close to MTR Sai Ying Station. After the opening of the West Island Line in recent years, Mei Fong Street and Guixiang Street have attracted a lot of development Business and investor acquisition.

4 house 1 shop to take 8 shares

According to the EPRC Economic Real Estate Library, there were five recent transactions on Mei Fung Street No. 24, including four flats and one ground floor, with a total investment of about $ 31.9 million. The purchase price for each group was $ 4.2 million The usable area is about 394 sq. Ft., With a strike price of about $ 11,000 and a purchase price of about $ 15.1 million. It is estimated that it will have about 8% of the existing title.

New buyers are Jinyuan Investment Co., Ltd., the registered company director Chen Yongkun, and Kingboard Chemical (00148) one of the founders of the same name, do not rule out private investment.

The recent M & A activity is quite active, including the recent addition of about $ 210 million to the acquisition of West Wing Des Voeux Road West, involving more than 8 estate rights, while Henderson (00012) acquired Ap Lei Chau 16 blocks of the street.