The reconstruction value of the old buildings in the urban area, the old building of the Central Oslo Building, which was acquired by the former Taikoo Taipan, and the cooperation with the Wantai Group to purchase the remaining commercial premises for 335 million yuan
The acquisition is coming to an end. It is estimated that small commercial buildings will be rebuilt.
According to the Land Registry, the commercial portion of the two shops, lofts and storage rooms at the Oasis Building, 15 to 19 Hollywood Road, Central, changed hands by $335 million.
Acquisition of near-end sound material reconstruction commercial building
The new buyer is Fuhuang Co., Ltd., and the registered directors include former Taikoo Taipan, Keith Kerr who founded tds, and recently added directors Zheng Yu and Zhou Guocai, who are related persons of Wantai Group.
According to the information, Jian Jifu and others started the acquisition of the project in the name of Fuhuang Co., Ltd. in March this year
At that time, the company’s registered directors were only one person, and they successively invested in the acquisition of 19 houses and 1 commercial unit, involving about 330 million yuan. Together with the acquisition of the remaining commercial part, it is believed that the acquisition is coming to an end, involving a total of about 660 million yuan, and the residential part of the purchase price of 26,000 to 31,000 yuan, comparable to the new building price in the same district.
The project is adjacent to the Mid-Levels Self-propelled Elevator in Central. It is now a 5-storey residential and ground floor. It is over 52 years old and has a certain reconstruction value. The site area is about 2,419 square feet. If the development of commercial buildings is completed at a maximum of 15 times, it is estimated that more than 36,000 square feet of small commercial buildings will be built.