25/1/2018-4

The consortium denounced 2.5 billion acquisition of multi-storey building in Kwun Tong

Apart from the booming shopping malls in the core areas of Hong Kong Island, the non-core areas also recorded big purchases and sales, including the consortium’s purchase of multi-storey at Kwun Tong Silom International Building for 2.5 billion.

New buyers short sale or demolition of the floor

According to the information, there are 9 floors in 18th to 28th floor, Silom Tower, Kwun Tong. Each floor area is about 17,300 square feet, with a total transaction price of about 2.5 billion yuan and a price of nearly 16,000 yuan per square foot. East Kowloon in the most hands-on skyscraper sale. It is learned that the new buyer for the Indian boat king CHELLARAM family partner Anzu Gordon Fund, the two consortia in the past have also been cooperative investment Tseung Kwan O The Parkside mall, the Indian boat king family by the end of 2015 to 5.1 million yuan to Wheelock purchase, the following year Then 500 million yuan transfer of 6 percent ownership to Anzu Gordon, and now again co-market. Sources said, do not rule out the new buyers and then demolition of the floor in the near future cash.

The original owner, the Mainland Silibao Group, acquired 10 floors of the property with a total consideration of 1.068 billion yuan in 2010 from Xindi (00016). With the advertising space and building naming rights, the price per square foot was only about $ 6,800. In 2015, the Group sold its 22nd floor for $ 250 million and now sells the remaining 9 floors. The total number of 10-storey units now stands at about 2.75 billion yuan, leaving a profit of nearly $ 1.7 billion.