5 auction items cash out of 12 billion

(00823) Over the past years, the sale of property, a total of about 12 billion yuan, and to undertake the main local buyers. At the same time, the fund from time to time to invest in commercial buildings and mainland properties.

Invest in different projects into the Hong Kong commercial buildings

The exhibition has five auction items, according to past records, buyers mainly for local investors, including Lin Zifeng, Ma Yazuo and other two consortia, a total of several investment in the leading shopping malls. The last tender for the end of last year, marked the five properties, the final sale of $ 3.64 billion, the price than the property in September last year, the valuation of 29% higher, including the King Group spent 729 million yuan won the Sha Tin Sui Court Shopping malls and parking lots.

Selling the property at the same time, the exhibition also invest in different new projects, including the early years and Nanfeng jointly in 2015 to 5.86 billion yuan in Kwun Tong Beach Road No. 77 land, into the East Kowloon commercial king, the project called seaside, Intention of the rent of about 30 to 40 yuan, completed in the third quarter of 2019, the project has been JP Morgan Chase to 30 yuan per foot pre-lease of about 225,000 square feet floor. In addition, the purchase of the Trade and Industry Department Tower, Mong Kok, was also converted to the Government Property Agency for $ 5.91 billion last year. The current rent is very satisfactory. The tenants are mainly semi-retailers. In addition to the local, the exhibition also entered the mainland market, such as this year to spend 4.065 billion yuan, to the capital of the capital, the Morgan Stanley Real Estate Fund (MSREF) consortium, the acquisition of Liwan District in Guangzhou Xicheng Duhui Square.