Hengli Investments Holding (Group) Ltd. is being floated as the investor in discussions to buy Swire Properties Ltd.'s CityPlaza Three and CityPlaza Four buildings in Hong Kong for upward of HK$14 billion, Bloomberg News reported June 14, citing sources familiar with the matter.
The Hong Kong-based investment holding company is also said to be in talks with banks to seek financing for the acquisition.
The buildings that Hengli could potentially own are respective 21-floor properties in the city's Taikoo Shing area with a total gross floor area of about 790,000 square feet. The towers count among their tenants American Express Co., adidas AG and WeWork Cos.
The Hong Kong Economic Times reported June 13 that the buyer is a China-backed consortium with a previous investment in London's property market. Hengli acquired Lloyds Banking Group PLC's headquarters in London in December 2017.
A Hengli employee denied knowledge of the matter when contacted by Bloomberg, while a Swire Properties spokesperson declined to comment on the rumored negotiations, the news outlet added.