Wing Tai Properties 2.1 billion sale of Tsuen Wan industrial buildings to billion Beijing

Earlier won the strategic capital (0497) to win more than 11.6 billion yuan URA’s commercial real estate King Star (0369) yesterday announced that the Group held Tsuen Wan Yung Nam Warehouse Building was sold to Billion Group for more than 2.16 billion yuan for the sale of the largest industrial buildings in the market this year. Wing Tai also refers to the property by the end of June this year, the valuation of 1.495 billion yuan, the property is sold, unaudited expected revenue after tax of about 659 million yuan.

The above Wing Nam Warehouse Building is located at 503-515 Tsuen Wan, Castle Peak Road, Tsuen Wan. The project covers an area of ​​about 50,000 square feet and the existing floor area is about 500,000 square feet at a transaction price of $ 2,162.66 million at a price of about $ 4,325. The new buyers are New Growth Development Co., Ltd. whose directors include Huang Zhenfu, Yu Zhuo Er and Yu Wen Jie, of whom Yu is the chairman of Bijing Group.

Nan Fung Kai Tak Shin-pure business development

In fact, in recent years, Bijing Group has been actively attracting whole-block properties in the district. In October this year, it also purchased the entire building at Wen Di Industrial Building, Tsuen Wan for 258 million yuan.

On the other hand, Nan Fung previously applied to the TPB for developing the project as a purely commercial development with a site area of ​​204,993 square feet at a commercial / hotel area of ​​Area 1K, Kai Tak, at a record breaking price of more than HK $ 24.6 billion. Ratio of 10 times the total floor area of ​​about 1,912,000 square feet, the proposed two commercial buildings, including the main building about 48 storeys high, accounting for about 1.72 million square feet floor area, the other is a two-storey retail floor , Accounting for about 700,000 square feet; and over 40,000 square feet for public transport interchange.