Hengli Investments in talks to buy two Hong Kong Towers for $1.2b

Swire Properties is in talks to sell its stakes in two Hong Kong towers to Hengli Investments Holding Group for more than HK$14 billion ($1.78 billion), according to Bloomberg.

Cityplaza Three is a 21-story building with a gross floor area of around 448,000 square feet. Tenants include FWD Group, Sun Life Assurance, Sony Pictures, Thomson Reuters, and WeWork. Located adjacent, Cityplaza Four has a gross floor area of approximately 556,000 square feet, spanning up 21 stories. Tenants include Adidas, American Express, Deloitte and Wells Fargo Bank.

According to JLL’s Property Market Monitor, rents in Hong Kong’s office markets grew at their fastest pace in more than two years amid a tight vacancy environment and an active leasing market.

Overall, rents climbed 1.1 percent month-over-month in April 2018, after advancing a mer