trending Market Intelligence /marketintelligence/en/news-insights/trending/uG_lFPKtcj81k3MRP9oI7g2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Report: Arch Capital acquires Hong Kong office building for HK$1.9B

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Academia


Report: Arch Capital acquires Hong Kong office building for HK$1.9B

Arch Capital Management Co. Ltd. bought the 32-story office building at 69 Jervois St. in Hong Kong's Sheung Wan area from private entities believed to be controlled by Paul Cheung Kwok Wing, who serves as chairman of Kingboard Holdings Ltd., Mingtiandi reported.

Sources familiar with the acquisition told the news platform that the Hong Kong-based private equity firm purchased the 102,177-square-foot property under a HK$1.9 billion deal that was completed in April. The fully leased commercial building occupies a 6,189-square-foot site.

Savills PLC brokered the deal for the asset on behalf of the seller, the report said

The deal reflects an initial yield of approximately 3%, Mingtiandi said.