Hong An 780 million attack on Tseung Kwan O to buy The Parkside Mall

Hong An 780 million attack on Tseung Kwan O to buy The Parkside Mall

Regional shopping malls became the focus of investment. Hongan (01222) purchased the Parkside Mall in Tseung Kwan O for about 780 million yuan.

Even the parking space sold for 24,000

Hong An announced that it will purchase a shop at The Parkside Complex, 18 Tangjun Street, Tseung Kwan O, for 780 million yuan, together with 49 parking spaces and 5 motorcycle parking spaces on the basement floor, with a total area of ​​approximately 32,564 square feet. The price is about 24,000 yuan. The Group stated that the acquisition will help to expand its asset management business and strengthen and expand the investment property portfolio of the Hongan Group.

The mall is located on the base of The Parkside. Currently, apart from the restaurant, the tenants are also rented by Campfire, a local shared workspace operator. Looking for information, the project has changed hands several times in recent years. The Indian ship king family purchased it from Hud Defeng at the end of 2015 for 510 million yuan. In the following year, some of the title was sold to the fund Anzu Gaodun. Now the fund sells the mall again. Hong An.

The rental income of the local shopping malls is stable, attracting the attention of the consortium. In particular, in the Tseung Kwan O district, where many new properties have been completed in recent years, the consumption population has increased and the demand for shops has increased, which has led the fund to start investing. Last year, Wheelock (00020) sold its Ao Nang mall portfolio in Tseung Kwan O, including Capri Place, Savannah Place and Monterey Place, for a total area of ​​about 300,000 square feet. The buyer was Fengtai Real Estate. , officially completed the transaction earlier.