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AUGUST 31, 2015

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Pacific Star Group buys Hong Kong office asset

by Andrea Waitrovich

Pacific Star Group has acquired an office property in Hong Kong from Fast Rich International Enterprise and Man Wah Property. The office, L. Plaza, totals 58,200 square feet and has a sales price of $104.5 million, or $1,795 per square foot.

Major tenants of the 22-story CBD office building include Pacific Coffee and Well Link Studio.

The sellers acquired the asset in 2013 for $79.3 million.

 

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