Transactions - MAY 14, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

JV buys development site in Hong Kong

by Andrea Waitrovich

Billion Development and Project Management, Sino Land Co. and CSI Properties have purchased a development site in Kowloon, a submarket of Hong Kong, for HK$3.04 billion ($392 million). The seller was c.

Billion Development and Project Management will hold a 40 percent interest in the joint venture, while Sino Land Co. and CSI Properties will each hold a 30 percent stake. Sino Land will act as the project manager.

The commercial site, New Kowloon Inland Lot No. 6313, is located at the junction of Cheung Yip Street, Sheung Yee Road and Wai Yip Street.

The consortium will invest HK$4.5 billion to HK$5 billion ($581 million to $645 million) to develop the site, which adjoins other properties owned by the venture’s members.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy