Java Holdings (251) 780 million yuan to buy about 59% of the Warwick Commercial Building, 50 Wellington Street, Central
The other fund, HSBC Capital, also purchased the 4th floor of Wang’s Building in Kwun Tong for $330 million.
Java bought the Warwick Commercial Building floor including the ground floor, the upper floor, the B room on the 1st and 2nd floor shops, the 2nd and 3rd units on the 3rd to 22nd floors, and some rooftops, with a total floor area of approximately 34,243 square feet. The price is about 22,778 yuan. According to the Vendor’s information, as of December 31 last year, the above-mentioned property provided annual rental income of approximately RMB 18.6 million, calculated at a purchase price of 780 million, with a return rate of approximately 2.4%.
Warwick Building is a 24-storey office building that was completed in September 1998 and is located in the heart of Central Wellington Street, adjacent to the restaurant
Most of the building tenants are professional institutions such as accounting firms, clinics and law firms. Yuan pointed out that there are not many commercial buildings in the core area of Central. The seller has been in possession of goods for 156 years since 1963 and has operated well since its reconstruction in 1998. Although the recent local and global uncertainties have caused a frustration in the investment climate of Hong Kong and the quiet trading of office buildings, the transactions have been won by buyers within three months.
Fufeng 330 million to buy Kwun Tong Industrial Building
In addition, Safran Capital, composed of Sasha (178) Prince Guohaoquan, has just purchased the 4th floor of Wangshi Building, No. 33 Hongtu Road, Kwun Tong, for $330 million. It is connected to the same group of owners and temporarily holds 90% of the building. Title.
Hong Yingwei, founding partner and investment director of Fufeng Capital, said that he is currently negotiating the remaining title and plans to rebuild the new industrial building. Hong Yingwei said that the acquisition of the four floors is 2nd, 5th, 6th and 7th floors with roofs, each floor of about 7,000 to 8,000 square feet, the purchase price of 330 million yuan. The property has a site area of 10,000 baht. According to the Town Planning Board, the maximum height of the building is 160 meters. The floor can be rebuilt to 120,000 square feet. Opposite the project is the Grade A office building project of No. 32 Hongtu Road, HSBC Capital. It is currently under reconstruction and is expected to have synergistic effects.