trending Market Intelligence /marketintelligence/en/news-insights/trending/AFMiUjY9k22taKDWpoUVvA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Hanison Construction buying Hong Kong property for HK$740.8M

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


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.