trending Market Intelligence /marketintelligence/en/news-insights/trending/AFMiUjY9k22taKDWpoUVvA2 content esgSubNav
In This List

Hanison Construction buying Hong Kong property for HK$740.8M

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


Hanison Construction buying Hong Kong property for HK$740.8M

Hanison Construction Holdings Ltd. subsidiary Oriental Effort Ltd. agreed to purchase the property at No. 29 Jervois St. in Hong Kong from Citadines Mercer (Hong Kong) Pte. Ltd. and CapitaLand Ltd.'s The Ascott Holdings Ltd. for an aggregate consideration of HK$740.8 million.

The transaction will involve the transfer to Oriental Effort of the paid-up share capital and shareholder loan of Excel Chinese International Ltd., which holds the 28-story Citadines Mercer Hong Kong serviced residence building with 55 guestrooms and a total gross floor area of 37,933 square feet, according to an Oct. 11 filing.

The acquisition is expected to be completed Nov. 8.