Investors bid for the Tsim Sha Tsui Plaza valuation of 2.3 billion

Investor Luo Shouhui sells multi-storey shops in Tsim Sha Tsui, with a market capitalization of about 2.3 billion yuan.

Yuan Zhiguang, managing director and sales manager of Savills Hong Kong, said that he was commissioned to sell the pedestal shopping mall at Minghui Center, No. 94 Granville Road, Tsim Sha Tsui, which is the Tsim Sha Tsui Plaza. The tender closing date is April 4, 2019 ( Thursday). The project consists of a total of 7 floors from the basement to the 3rd floor. The approved construction area is about 90,222 square feet, accounting for 60.1% of the total number of undivided shares of the Minghui Center. The market value is about 2.3 billion yuan, and the average price is about 25,000. yuan.

Rejected more than 100 million renovations April 4th closing

The property has been held by senior investor Luo Shouhui for many years. He spent more than 100 million yuan to renovate the property from 2017 to 2018. At present, there are outdoor platforms on individual floors, as well as new lifts, glass curtain walls, large LED displays and four-sided advertising signs. It is reported that last year the landlord once sold the property at a low-key, and it was once reported to be purchased by the consortium.

Another senior business director of the Central Plains (Industrial and Commercial Services) office building, Zhou Haoran, said that the 12th floor of the first phase of the Newport Center in Tsim Sha Tsui, with an area of ​​about 2,071 square feet, was just rented by a trading company in the form of a top lease. The transaction was about 43.5 yuan, involving a monthly lease. 90,000 yuan, about 3.3% lower than the original rent.