The market is quiet, the consortium has cut prices and accelerated mergers and acquisitions

The investment market is quiet, and some owners have reduced their prices

The consortium took the opportunity to absorb and speed up mergers and acquisitions.

Recently, the large-scale trading market has been quiet. Recently, sporadic transactions have been recorded, all of which belong to the owners’ price reduction and mergers and acquisitions. For example, Java Holdings (00251) recently spent 780 million yuan to purchase the Warwick Commercial Building in Central. Java will purchase Shop B in the underground, above ground, 1st and 2nd floors, and Units 2 and 3 on the 3rd to 22nd floors. And some rooftops, the total floor area of ​​a total of 34,243 square feet, accounting for 59% of the entire building floor, with a transaction price of 780 million yuan, the price of about 22,700 yuan.

The original owner reduced the price by 35% and the price was nearly 23,000

According to the notice, the current rent of the unit as of the end of 2018 is about 18.6 million yuan, which is calculated as a rental return rate of about 2.4%. According to the news, the original owner was an old family. The property was sold for 1.2 billion yuan earlier, and now the price is reduced by 35%.

In fact, some consortiums have successfully acquired M&A projects in the same period. Capital Strategy (00497) purchased 185 million yuan underground and 2nd to 4th floor units at 92 Wellington Street, Central.

It is reported that the consortium has already held the first floor of No. 92 Wellington Street in the early years. Now it has gathered the property rights of the building. Together with the purchase of 94 and 96 in the early years, the three sites have been merged and developed. The site area is about 3,000 square feet. It can be rebuilt into 45,000 square feet of floor space than 15 times. It is expected to be used as a Ginza commercial building in the future.

Consortium acquisition of Wang’s Building

In addition, the market conditions quietly accelerated the acquisition of industrial buildings, the fund HSBC Capital, to buy the 2, 5, 6 and 7 floors of Wangshi Building, No. 33 Hongtu Road, Kwun Tong, with a roof of about 7,000 to each floor of the 4th floor. 8,000 square feet, a total of about 30,000 square feet. The fund said that after the purchase of the property, it has also joined forces with some of the owners to form a company. It is now collecting 90% of the building’s ownership and actively negotiating the last floor. The property will be rebuilt into a new industrial building in the future. According to the information, the site area is 10,000 square feet. According to the regulations of the Town Planning Board, the maximum height of the project is 160 meters. The project is adjacent to the KMB Plant Redevelopment Project of Xindi (00016) and is also facing the Grade A office project of No. 32 Hongtu Road, HSBC Capital. , can produce synergistic effects.

Affected by internal and external factors, the investment market has become quiet and relatively large-volume trading. The consortium turned to pay attention to the long-term development of properties, including the acquisition of old buildings and industrial buildings, and will be rebuilt in the future. In fact, due to the worsening atmosphere, individual owners have gradually reduced their prices to sell their properties. The consortium took the opportunity to absorb and speed up mergers and acquisitions. It is believed that the fourth quarter of the transaction will focus on the substantial price reduction projects of the owners.


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