Schroders and BentallGreenOak acquire industrial property in Hong Kong

Schroders Capital Real Estate Asia Pacific and BentallGreenOak have completed the acquisition of an industrial property and parking lot at Cable TV Tower and One Midtown in Hong Kong from Wharf Development Ltd.

Located in the hub of Tsuen Wan in the New Territories, the premises comprise approximately 568,200 square feet of industrial space and 122 parking spaces. The lot is close to the container terminals and Route 3, which provides access to the Hong Kong-Zhuhai-Macao Bridge, Hong Kong International Airport and Shenzhen Bay Port. The building is occupied by a strong tenant profile, including a TV broadcasting station, telecommunications companies and logistics businesses.

Andrew Moore, head of Schroders Capital Real Estate Asia Pacific, said, “In anticipation of a gradual recovery in trade and economic activities, this deal represents a strategic investment and a good opportunity to capitalize on Hong Kong’s international importance as a trading and logistics