trending Market Intelligence /marketintelligence/en/news-insights/trending/ej1J071el44VSDopV5OAEA2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Yuzhou Properties to buy 58th floor of The Center, Hong Kong, for HK$899M

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

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


Yuzhou Properties to buy 58th floor of The Center, Hong Kong, for HK$899M

Yuzhou Properties Co. Ltd. is buying one level at The Center building in Central, Hong Kong, for about HK$898.7 million, subject to certain conditions.

The sale and purchase agreement between Yuzhou Properties' Brilliant Bloom International Ltd. subsidiary and seller Sea Basin Investments Ltd., a subsidiary of C.H.M.T. Peaceful Development Asia Property Ltd., was signed after market hours March 22. The consideration for the property — the 58th floor of the 73-story office skyscraper, and valued at roughly HK$1.21 billion, as of Jan. 7 — includes shares and debt of the project company.

Yuzhou Properties expects to close the acquisition April 3, and it intends to use the approximately 26,356-square-foot property as its own office, as well as for rental and investment purposes.

C.H.M.T., which completed its record acquisition of 75% of The Center in May 2018, is partly owned by Yuzhou Properties director and controlling shareholder Kwok Ying Lan.