Local fund 1.85 billion purchase of Kwun Tong Industrial Building, San Po Kong
The newly established fund, HSBC Capital, was purchased by local investors and purchased into San Po Kong and Kwun Tong Industrial Building for about $1.85 billion in a few months.
1.25 billion purchase of Meihua Industrial Building
Located at No. 1 Qibao Street and No. 19 Sanzhu Street, Meihua Factory Building, Xingsheng Creation (00896) actively acquired property from several owners last month, successfully purchased 100% of the title for 850 million yuan, and even stamped the cost of 922 million yuan. It only took one month to hold the goods, and recently transferred to 1.253 billion yuan, and the profit was about 331 million yuan. It is reported that the new buyer is Fufeng Capital, which was founded by several young investors, including Guo Haoquan, son of Saosha International (00178), Fan Kang, son of Fan Haijun (00129), and former Acer Capital (02288). Vice President of Hong Yingwei and so on.
Hong Yingwei, co-founder and managing director of Fufeng Capital, said that the project has a site area of about 15,000 square feet and plans to rebuild a new industrial building or rebuild it into a commercial building. Based on the reproducible floor area of about 179,000 square feet, the floor price is about $7,000. It is a high price transaction in Kowloon East Industrial Estate.
570 million to buy a multi-layer
It is reported that Fufeng Capital also invested in another industrial building project last month. It has acquired a multi-storey of Rongxingli Industrial Building, No. 32 Hongtu Road, Kwun Tong, including the underground A and B rooms, the first floor to the fourth floor, and the fifth floor, Room A. On the 6th floor, the price is 32.5 million to 102.5 million yuan, with a total value of about 572.5 million yuan. Hong Yingwei pointed out that the project has completed the unified ownership, with a total investment of about 600 million yuan. Together with the San Po Kong project, the two properties involved a total of 1.85 billion yuan.