The leading 23 billion sales 17 shopping malls most shops
Minsheng District Mall attracted foreign investment, leading exhibition (00823) bidding 17 stores earlier, the project ultimately led by the Gateway Capital Group consortium, about 230 billion yuan investment, higher than the valuation of about 52% for the largest ever merchants Buying and selling.
In September of this year, Lead Development launched 17 shopping malls by bidding and closed its doors in the first round in October. Many overseas funds and sovereign funds participated in the bidding. The bidding for the second round of the project was closed on Monday. In the end, Lotteries had selected buyers and 17 outlets sold a total of about $ 23 billion. Compared with the valuation of the properties in March this year, the transaction price was raised by about 52%, reflecting the considerable progress made by the winning consortium.
Market sources said the second round of bidding is the second major round of foreign funds, as well as local consortia, including the Peregrine Asset Fund to participate in the auction, which has long been rumored, the United States Blackstone Fund, the greatest opportunity to win the batch of property, but the last property Won by the foundation-led consortium capital.
Foreign exchange rate in the base of foreign investment 52% of the winning streak
Founded in 2005 by Wu Jiwei and Wu Jitai, the fund investors are mainly from Europe and the United States. Currently, the fund manages tens of billions of dollars of properties around the world and the most-known acquisition in Hong Kong is from 7.3 billion in 2015 Intercontinental Hotel Tsim Sha Tsui purchased.
It is reported that this is not a wholly owned subsidiary of GV Capital, a total of 3 and the formation of a consortium of funds, including the well-known investment bank Goldman Sachs, and the United Arab Emirates Abu Dhabi Investment Authority (ADIA) is also involved in the Middle East is the largest sovereign fund, but also the world’s largest investment agency one. In addition, the Mainland Great Wall Fund is also one of the consortia. In other words, the property buyers are the second time to gather Chinese capital and foreign capital.
Collar 3 years 6 degrees bidding now covers 35 billion
With a total of 5 bids since last year, Lotte launched a total of 5 shopping malls in 2010, bringing its total retail sales to about $ 12 billion. Together with the sale of 17 shopping malls, the accumulated cash advance amounted to $ 35 billion.
Mr Wong Kwok-leong, CEO of LTS, said the bidding and final bidding marks international investors’ confidence in the economic and retail market prospects of Hong Kong and their ability to manage and optimize their assets.
The Minsheng District Shopping Mall attracted many funds to attract attention. According to the analysis, the Minsheng District shops, which mainly focus their neighborhood business, have been very stable with both growth. As Hong Kong’s economy continues to be ideal and its domestic consumption is steady, the Minsheng district shopping malls also receive the same income ideal.