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Transactions - OCTOBER 28, 2020

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Swire Properties to sell Quarry Bay office for $1.29b

by Andrea Zander

Swire Properties announced to the Hong Kong exchange that it has entered into discussions for the sale of Cityplaza One, a 21-story office tower in the Taikoo Shing area Quarry Bay, Hong Kong.

The potential sale price is estimated to be HK$10 billion ($1.29 billion), according to Asian media outlets.

Cityplaza One, completed in 1997, has approximately 58,400 square meters (629,000 square feet) in gross floor area

 

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