Real estate market
Written by: Kuang Yueting
2020-10-28 19:08
Last update date: 2020-10-28 21:28
Swire Properties (1972) announced that the company is currently discussing that it may lead to the sale of the interest in the multi-storey office building at 1111 King's Road in Taikoo Shing (ie, one Taikoo Shing Centre). No agreement has been reached on the sale.
Taidi pointed out that he has a heart for Hong Kong and will continue to actively invest in and expand the Hong Kong market. This long-term strategy will remain unchanged.
The company pointed out that the decision to sell some non-core assets in recent years is in line with the company's long-term growth strategy and provides opportunities for capital flow to develop projects under construction, invest in new projects, and continue to expand core assets, including Taikoo Place and Pacific Place communities.
The company is also developing a number of new residential projects in Hong Kong, including the newly launched EIGHT STAR STREET located in the Star Street community, and two residential projects located at Wong Chuk Hang Station and Chai Wan.
Trading in Taidi and Swire (0019, 0087) will resume in the afternoon.
Taikoo closed at 36.75 yuan, down 0.3%; Taiko closed at 20.55 yuan, down 0.2%.
There was news from the market this morning that Taikoo City Centre Phase 1 held by Taidi was negotiated by buyers to the end. New buyers reported that the real estate private equity fund management company Gaw Capital Capital has a higher voice, but the amount of the purchase is currently unknown. .
It is rumored that nearly 10 billion yuan will be involved.
Rumored to be sold for tens of billions of Swire Properties in Taikoo Shing Plaza: discussions are ongoing
Swire builds Hong Kong Island East Commercial Kingdom several times in the past two years to reduce its holdings of more than one million square feet of floor space and cash out 30 billion
Swire Properties Taikoo Cityplaza