Another Disposal as Capital Recycling Continues
Henderson Land Development has sold a newly constructed 330,000-square-foot office building in North Point for approximately HKD 10 billion. The average selling price of HKD 30,152 per square foot set a record for the area, and the company is expected to realize a gain of HKD 5.5 billion. This latest sale demonstrates the company’s willingness to part with noncore assets, even if it’s a newly constructed high-quality asset that the company initially intended to hold for rental income. The strate...Henderson Land Development is an investment holding company, engaged in property development and investment in Hong Kong and mainland China, hotel operation, project and property management, construction and provision of finance. Co.'s segments include Property development, property leasing, construction, infrastructure, hotel operation, department store operation, utility and energy, and others. Co.'s others segment is involved in the provision of finance, investment holding, project management, property management, agency services, cleaning and security guard services, as well as the trading of building materials and disposal of leasehold land.
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