Looking forward to revitalizing the industrial building materials into investment focus
The market is looking forward to reactivating industrial buildings. In the past two months, more blocks of industrial buildings and land lots have been traded. It is estimated that the industrial buildings will still be the focus of market investments in the short term.
In 2018, the turnover of the industrial and commercial buildings was very strong. In particular, the industrial buildings in the whole block were the focus of the project. Among them, the center of Lai Sun Yuen Long at Wang Yip Street East in Yuen Long was redeemed at about $ 1.4 billion and the buyer was the capital strategy (00497). The property is located at 21-35 Wang Yee East Street, Yuen Long with a total gross floor area of about 458,000 square feet and an average foot price of about $ 3,057. The project, a large industrial building in the area, was completed in 1986 and is “Other Specified Uses” which covers an area of about 78,266 square feet. The original owner of the above site applied to the TPB as early as 2013, Address to “Residential (Group E)” purpose.
In addition, Chen Wenhui, chairman of Star Properties (01560), through the Guinness Co. Ltd., for about 270 million yuan uniform Tai Kok Tsui Tong Street, Tai Tak Building, 107 to 111, the entire ownership rights. The site can be rebuilt with a total gross floor area of about 49200 square feet and a ground floor price of about $ 5,409 per square foot.
Yongnan warehouse building more than 21.6 billion sell
As for Billion Beijing, it is a series of industrial buildings. According to the Land Registry’s information, all the blocks of Lida Group Building, Pingshan Bridge Street, Yuen Long, are trading at 360 million yuan. The new buyer, Bijing, is developing. With a site area of nearly 30,000 square feet, Rita Group Building is a two-storey industrial building with a total gross floor area of 57,200 square feet and a 2.5-fold redevelopment of plot ratio, which will rebuild a total gross floor area of 75,000 square feet At a transaction price of $ 360 million, the floor price per square foot was about $ 4,820.
In addition, Billion Beijing even twice in December sold all blocks of industrial buildings, including the acquisition of Wing Tai Properties (00369) Wing Tsuen Wan warehouse building, more than 2.16 billion yuan for a total gross floor area of about 497100 square feet, the transaction price Total price of about 4,350 yuan. In addition, the Group repudiates $ 1.22 billion to acquire the entire block of Ying Ya Factory Building in Kwun Tong Road. The site area of the property is about 20,175 square feet, with a maximum height of more than 40 storeys and a gross floor area of 242,100 square feet.
Deng Chengbo Tuen Mun two industrial building was 21 billion contact
Shopper Wang Deng-wah, No. 1 and No. 3 Industrial Building, Tuen Mun, is currently being consulted by the consortium for a bid of $ 2.1 billion and is expected to change hands in the short term. In the early years, Deng Chengbo purchased two properties and applied for revitalization. One Junxian factory building at No. 1 Xinheli was approved as one office tower with about 10 storeys in height in the early years. The first to third floors would be shopping malls and the fifth to ninth floors would be partners Office buildings, while the ground floor and the 4th floor will have a parking lot, with a total floor area of nearly 85,000 square feet. As for the Nexus 3 Love Goodness Center, apply for conversion to a 28-storey commercial building, floor area of about 204,000 square feet. The gross floor area of the two industrial buildings is about 290,000 square feet at a purchase price of $ 2.1 billion at a price of about $ 7,200.
Analysts pointed out that as the current footing in industrial buildings is still relatively cheaper and attracting capital inflows, the whole block of industrial buildings is more widely used and it is hoped that the re-activation of industrialized buildings will be expected to be activated into commercial buildings and shops. At present, Rental income is expected to increase, so the consortium is the first to enter the market. It is expected that the industrial building will remain the focus of investment in the near term.