LVGEM (China) spent 9 billion to buy Kwun Tong commercial buildings

Hong Kong Wen Wei Bao (Reporter Liang Yueqin) and then have a huge amount of domestic enterprises to buy Hong Kong commercial buildings. (0020) announced that its Wharf (0004) to 9 billion HKD will Kwun Tong Commercial Building 8 Bay East sold to the Housing Company LVGEM (China) (0095), as the most expensive turnover of Kowloon City commercial buildings. Will Wheelock will be recorded in proportion to 2.8 billion HKD of income, the proceeds as the Wharf general working capital. The total gross floor area of ​​the project is about 596,218 sq ft and the floor price is $ 15,095.

Wharf has been holding the property for use since 1989. The property is currently under construction and 8 Bay East includes retail floor, office floor, parking spaces and a public car park.

In recent years, China has repeatedly purchased Hong Kong commercial buildings

In accordance with the terms of the Sale and Purchase Agreement, the Contractor will, at the Completion, cause the Employer, the Project Manager, the Vendor Guarantor (in respect of the Responsibility of the Project Manager) and the Guarantor of the Purchaser (for the owner's liability) Establish a project management agreement. Under the Project Management Agreement, the Employer will appoint the Project Manager to continue and complete the construction and renovation of the Property upon completion of the Disposal under the Project Management Agreement.

In fact, China in recent years in Hong Kong to purchase high prices all the buildings, to create a number of all-building commercial records. (3133) in November 2015 to 12.5 billion HKD to China (0127) to buy Wan Chai US Wantong Building, the whole cost of Hong Kong has always been the most expensive silver commercial store trading; Everbright Holdings (0165) to 10 billion HKD The purchase of the new financial center in Wan Chai is the second floor.

In addition, in November 2015 will Wheelock to 5.85 billion HKD to the One HarborGate all West Block commercial buildings and shops sold to China Life Insurance(2628), about 14,500 HKD per square foot, once hit a full-scale commercial buildings in Kowloon at that time a new high.

As for the last year, Wheelock will be purchased by Shenzhen Xiangqi Group for $ 4.5 billion at about $ 16,000 at the price of about $ 16,000 per sq ft and become the most expensive building in Kowloon. The

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