5/7/2017-2

Guanjun research and development Lang Hao Square commercial buildings or the most expensive Kowloon

Hong Kong commercial rents have been rising in recent years. The Champion Industrial Trust (02778) is also interested in selling the property of Langham Place office building.

As Langhao Square is a high-quality commercial buildings in the region, the market valuation of about 12 billion yuan, about 17,000 to 18,000 yuan per square foot, if the successful sale of Kowloon will refresh the most expensive commercial record.

The industry valuation of 12 billion square feet more than 17,000

In view of the favorable environment for the commercial real estate market in Hong Kong, the Trust Manager Eagle King Asset Management has appointed the first Pacific Davis to explore the possibility of selling the Langham Place office building. Langham Square office building valuation of the end of last year to 8.477 billion yuan.

As part of the office building, it is not a separate property, together with the lack of sea views, the Mainland institutions interested in the market or not high, according to the current salary of 40 yuan to 3% return, the property price of about 17,000 to 18,000 yuan, involving about 12 billion yuan.

Eagle did not respond to whether the sale of war production

Guanjun large shareholder eagle Jun (00041) recently outbreak of contend for the storm, the market concerned about the sale of Langham Square office building is related to the production, but Eagle said this did not respond.

For the crown Jun to be sold Lang Hao Square office building, non-executive director Luo Qirui said, only hope that the entire process of sale can be carried out in the highest transparency, the detailed process should also make all directors clear.

As more and more Chinese enterprises come to Hong Kong to expand their business, the demand for commercial buildings in Hong Kong is increasing rapidly. The rental income is also rising and the value of commercial buildings has gone up. (00823) last year to 5.91 billion yuan to the Government Property Agency to purchase the Mong Kok Trade and Industry Department Building, Kowloon commercial buildings for the most expensive record.

As of the end of last year, Langhao Square office rent income of 325 million yuan, accounting for the overall rental income 14.1%; net operating expenses net of net income of 295 million yuan. According to the construction area, last year, the rent per square foot 39.66 yuan, an increase of 5.8%.

59-storey Langham Place office building is one of the two major office properties of the crown, the end of last year occupancy rate of 100%, most of the tenants engaged in service and fashion life industry.