The number of transactions in commercial buildings increased in the second half of the year
In June, the investment market became prosperous. The market recorded large sales of commercial buildings and industrial buildings. Four deals totalled RMB 26.7 billion, reflecting the fact that the consortium was still optimistic about property in Hong Kong and the market conditions were still good in the second half of the year.
Two seats of 15 billion baht in the center of Taikoo Shing
The atmosphere of the recent investment market is very prosperous. In June alone, the market recorded a large number of transactions, mainly commercial buildings and industrial buildings. In terms of silver, two commercial building transactions were very large. The focus, of course, was announced last week by Swire Properties (01972), which had a total of 790,000 square feet of office space in the third and fourth office blocks of the Taikoo Shing Center, which was sold to Chinese-funded Hengli Investment at a price of about RMB 15 billion. The largest commercial building transaction. The total gross floor area of the two properties is approximately 440,000 and 556,000 square feet respectively, and the transaction price is approximately 19,000 yuan.
The data shows that the buyer is Hengli Investment. According to statistics, Hengli Investment’s main business is petrochemicals, textiles, finance, etc., and it has Hengli Commercial Real Estate, which is the first time to invest in local real estate. The occupancy rate of the property is 100%. Well-known tenants include American Express, adidas, and WeWork. The lease rate is between RMB 45 and RMB 50, and the price is RMB 19,000. The return rate is about 3%. It is reported that Hengli is deploying and selling individual floor cash.
Nanfeng Ao Teng Plaza 8 billion sold
Another Yongchao big hand dealt with Nanfeng for about RMB 8 billion. It sold out the full-scale commercial building of Aoteng Plaza in Kowloon Bay. The total floor area of the property was about 745,000 sq.ft., and the current occupancy rate was over 90%. The discount price was about RMB 10,738. . The new buyers are Chinese and Hong Kong investors, including Zhang Songqiao and Capital Strategies. They believe that they will dispose of individual floors in the future.
As regards the industrial building market, Kwai Chung District recorded a total of two transactions for the entire block of industrial buildings. It was Phase 2 of Glorious Freezing Stores at 11 to 15 Wing Yip Street, Kwai Chung. The storey was 13 storeys high, with storerooms on the 1st to 13th floors. With an area of about 20,000 to 30,000 square feet and a total floor area of 293,850 square feet, it is now used as a warehouse. The project was sold for about RMB 1.6 billion and the price was RMB 5,517. The original owner was an investor. In 2009, the company purchased 3.9 billion yuan from foreign funds. The company held its stock for 9 years and reaped a profit of approximately 1.21 billion yuan. The new buyer is Pu Wang Deng Chengbo.
In addition, the fund Tai Chi Investment (PAG) withdrew nearly RMB2.1 billion from the Kwai Chung Container Terminals Container Transport Centre. The project has a GFA of approximately 266,000 sq.ft. and a discounted price of approximately RMB 7,894. The buyer is a local consortium and currently owns the property as a data center. Use it. The original owner of the PAG fund purchased it for about 1.4 billion two years ago, and has achieved a profit of nearly 700 million yuan for two years.
The analysis pointed out that there are many funds in the market and interest rates are low. Foreign investors, Chinese investors and local investors are all looking for property in Hong Kong. In June alone, 4 large transactions totaled 26.7 billion yuan, which was the best month for the first half of the year. . Due to the continuous availability of funds, interest rates are still low. I believe the investment atmosphere will remain strong in the short-term, with the best value for commercial buildings and industrial buildings in the whole building.