Emperor bought the Shanghuan Commercial Building
Emperor Group (163) spent 595 million yuan to acquire “CENTREHOLLYWOOD", a commercial building at 151 Hollywood Road, Sheung Wan, and Zhang Bingqiang, executive director of Emperor International, pointed out that “this acquisition shows us again through the acquisition of quality properties. The determination to optimize the Group’s property investment portfolio. The property is located in an important commercial area in Sheung Wan with convenient transportation. The Emperor is confident in the rental demand and rental return potential of the property.
CENTREHOLLYWOOD is a 26-storey commercial building with a total gross floor area of approximately 32,700 square feet. The acquisition is expected to be completed on or before August 19, 2019. Emperor intends to use the property for property investment purposes.