The strategy of the Central Zeng Zhaoyu Building Shen Qiang shot valuation of 560 million
At present, the site is a 100-year-old teahouse, Lianxiang Building, Wellington Building, Wellington Street, Central. Capital Strategy (0497) has recently applied for a strong shot to the Lands Tribunal. It is expected to be rebuilt as a commercial building, meaning a century-old shop. Will face relocation.
Lianxiang Building lease until the next season
The documents of the department showed that the above-mentioned site area was 4,206 square meters. The policy held 98% of the title, and only the 5th floor E-house was not successfully acquired.
The site is currently planned for commercial use. With a maximum plot ratio of 15 times, the floor can be built around 63,090 square meters. The project is valued at about 564 million yuan. The floor price of each floor is about 8935 yuan.
The company started to acquire the building as early as 2015. It was the first to purchase the underground and first floor, namely the shops rented by Lianxiang Building. In 2017, it invested 357 million yuan to purchase 37 units from the 2nd floor to the 7th floor. The transaction price ranged from 6.17 million to the full floor of 64.13 million yuan. As for the Lianxiang Building, which is a collective memory, it was leased to the present site in 1996. The lease period was until the second quarter of 2019. In the past, Lianxianglou said that it would be able to renew the original site, depending on the orientation of the owner’s policy.
In addition, the Baosheng Group applied to the Lands Tribunal for a strong shot of No. 73 and 75 Lion Rock Road in Kowloon City. The document shows that the above-mentioned site area is 2812 square feet. It is now a 1 storey 5-storey commercial and residential property with a building age of 64 years. Baosheng holds 80% of the title and the project valuation is about 152 million yuan.
According to the information, the Baosheng Group purchased the commercial and residential properties adjacent to Lion Rock Road 67-71 for 242 million yuan through the URA Intermediary Service in 2013. The developer has revealed that it will be merged and rebuilt and is intended for commercial and residential development. The estimated site area is about 1 According to the calculation of the plot ratio of 9 times, the floor area of the building can be about 9 square miles.