12/6/2018-5

Pass China-invested 15 billion in contact with Taikoo two commercial buildings

In the middle of May, the 3rd and 4th office buildings at Taikoo Shing Centre, Quarry Bay on Hong Kong Island, were put on new market developments. According to market sources, a Chinese consortium is making a bid of 15 billion yuan to negotiate, equivalent to a price of 19,000 yuan. The consultation is nearing completion. According to the news, given that 3 parts of the ownership rights are held by the SAR government, new buyers may sell it off and cash out to redevelop the 4 properties.

Swire Properties (1972) announced on May 10 that it had sold two properties in the 3, 4 Taikoo Shing Center in Quarry Bay. The property was completed in 1992 and 1997 respectively. Among them, there are 21 floors with 3 floors and 448,000 square feet of floor space. However, 10 floors are owned by the SAR Government and Taikoo only account for 226,000 square feet. The 4 floors have an area of 554,000 square feet. At that time, the market valuation of the two properties was between 18 billion and 20 billion yuan.