Chuang’s Consortium International has acquired full ownership of No. 20 Gage Street, and about 88.9 percent and 87.5 percent ownership of No. 16 and No. 18 Gage Street in Hong Kong, respectively.
The financial terms of the deal were not disclosed.
The group is taking steps to acquire the remaining units of No. 16 and No. 18 Gage Street either by private treaty or by compulsory acquisition. The project has a total site area of about 3,600 square feet, and development of a commercial/residential building with 36,000 square feet is currently planned.
