Lockhart House, Causeway Bay Placement Sale Intentions 1.3 Billion

The entire property was the object of investment, and the tender was issued by Lockhart in Causeway Bay. The intention price was 1.3 billion yuan.

According to Yuan Zhiguang, managing director and head of investment and sales at Savills, the owner commissioned the auction of the Ginza commercial building in Lockhart Towers, Causeway Bay, for a bid of 1.3 billion yuan. The closing date was June 21, 2018 (Thursday).

33,000 square feet of property

The property is located at 487-489 Lockhart Road, Causeway Bay, with a site area of approximately 2,200 square feet and a total gross floor area of approximately 33,000 square feet. It is currently leased from Japanese restaurants.

Causeway Bay Zing 18.5 million for sale

The project was held by investor Lin Zifeng. In July of last year, he rejected 965 million yuan and purchased the building from Zhenke Group.

As for the transaction of the whole tower commercial building in the same district, the last large transaction was at the end of last year. Zing, a Ginza-style commercial building at 38 Yaohua Street, Causeway Bay, was awarded a consortium of Macau by RMB 1.85 billion. The property is 27 storeys high and has a total gross floor area of approximately 79,051 square feet. The transaction price is 1.85 billion yuan and the price is approximately 2.3 yuan. The current occupancy rate is 100% and the return rate is 3.2%.