Causeway Bay Hop Hing Building, the intention of 1.5 billion
The whole property is very rare, the recent owners optimistic about the trend of the core business district, in the form of tender to sell Causeway Bay Hecheng Building full property, the intention of 1.5 billion.
CB Richard Ellis commissioned by the owners to open the tender to sell the Hong Kong Causeway Bay Leighton Road 9 to 11, Cheng Cheng Building, closing date for the July 26 (Wednesday) noon.
Close to Times Square to enjoy the scene
He Cheng Building is located at the core of Causeway Bay and is a landmark commercial building. Causeway Bay core area of the whole property mostly by the local developers and well-known veteran family held for many years to rent, so the tender is the area in recent years, the whole building of the rare property. He Cheng Building intention price of about 1.5 billion, according to the approved construction area, the price of about 31,000 yuan.
The 24-storey building, the underground and the attic is a duplex shop. The first floor to the 22nd floor is for office space. The total building area is about 47,770 square feet. The tenants are diversified. In addition to the general office users, the educational institutions, beauty centers and fitness Center and so on.
It is only 3 minutes from the Causeway Bay MTR station to the property, which is close to Times Square and Lee Stage Plaza. The main flyover is located on the east and west of the Mid-Levels, Southern and Kowloon. Apart from the convenience of traffic, the external walls and rooftops of the building are also advertised. Property before the Pro Lihua Woodball Club, enjoy the beauty of the Mid-Levels and the day and night view of the racecourse.
The building has been acquired by the developer and is planned to be reconstructed into a Ginza-style building with a total gross floor area of 44,000 sq. Ft. And the site is adjacent to the Lyon Fund held by the Ginza-style building Zing, the rental situation is very satisfactory. The tenants are mainly engaged in fashionable eating and leisure, and it is believed that the future of the contract will have synergies with the Ginza Street project. The tenant and rental income are expected to be further optimized.
In addition, the Java Group (00251) intends to rebuild Causeway Bay Crowne Plaza Hotel is a 22-storey office building, showing that investors in the core area of the whole commercial property to see a high line. Mr. Wei Wei Li, Senior Director of Capital Markets, Capital Markets, said that last month the Murray Road Car Park landed by Henderson Land (00012) to a record floor price of $ 50,000 per foot, which was given to the market. The demand is very strong.
This year the area of the transaction price lift
As a matter of fact, since the beginning of the year, there were a number of properties in Causeway Bay, including the “minibus king” Ma Yalu family to purchase 60 to 62 Wyat Street for 600 million yuan. The town group (00859) Plus Hotel and 13th Floor, and so on. I believe that the public tender will attract a public fund and investors.
B room, an area of about 2,450 square feet, in the form of equity transfer company, involving 68.6 million yuan, 28,000 yuan per square foot.