Hang Lung 518 million purchase Amoy Industrial Estate full-scale

The entire ground floor of Amoy Estate, Amoy Estate, Ngau Tau Kok, which was once owned by the “Wang Pu” DENG Cheng-Po family, was sold to Hang Lung Properties (00101), a big property owner, for over $ 518 million to increase the Group’s ownership of existing projects 84%, plan for reconstruction.

Building ownership Hang Lung increased to 84%

Information on the Land Registry showed that the entire ground floor of Amoy Estate Industrial Estate has changed hands with more than $ 518 million. The new buyer is TOTAL SELECT LIMITED. The directors of the company are Chen Wenbo and Chen Nanlu And He Xiaochang Hang Lung real estate related parties.

The original underground floor was originally owned by the Deng Chengbo family, which was held by GOLDENLAMP INVESTMENTS LIMITED. At the end of May this year, the directors of the Company were changed to Gu Jingfen and Luo Taian. In the past, the two had many times acquired the property rights of old buildings for different developers.

Hang Lung has held nearly 73% of the property rights of Amoy Industrial Estate, Hang Lung Properties earlier acquired by the parent company Hang Lung Group (00010) a number of studios, together with the transaction, involving a total of about 1.3 billion yuan, the combined ownership is To 84%. I believe the plan will be rebuilt in the future.

In addition, a consortium bought 3 blocks of old buildings at Liberty Road in Ho Man Tin at a price of $ 30 million for a transaction of nearly $ 16,500 per square foot, which is expected to be an acquisition.

According to the information of EPRC Economic Real Estate Library, the 5th and 6th floors of A-9 to A-9, Liberty Road, Ho Man Tin, and the 3rd-A consortium were all purchased for 10 million yuan each, The new buyer FORTRESS RIDGE (BVI) LIMITED.