Vanke 450 million unified He Wentian old building
Vanke Real Estate (Hong Kong) moved to the M&A market and further expanded its development territory. Last week, it was forced to auction the title of No. 9 to 11A of Ho Man Tin Freeway with a reserve price of 451 million yuan. It is expected to merge and develop adjacent sites.
Freedom Road No. 9 to 11A was held yesterday. The site area is about 4792 square meters. The current site is an 8-storey building. It was completed in 1963 and is about 56 years old. Vanke Real Estate (Hong Kong) holds more than 90% of the ownership rights, and the remaining ones failed to acquire successfully. In the end, without any competitors, the reserve price was 451 million yuan.
According to the information, Vanke Real Estate (Hong Kong), which is adjacent to the previous site, has been re-owned in April this year with a total of 249.1 million yuan. The two sites can be combined and developed, with a total area of about 7237 square feet. With a plot ratio of 9 times, the total floor area can be built up to approximately 65,100 square feet.
In addition, the commercial and residential properties of the entire building of No. 4 Shengli Road in the same district were put on sale, with an intention price of about 130 million yuan. Huang Xinyu, senior divisional business director of Zhongyuan (Industrial and Commercial Shop) Retail Leasing Department, said that the property includes ground floor, and the 1st to 7th floors are connected to the rooftop. The total floor area is about 11,700 square meters. The price is about 11111 yuan based on the intention price.