Swire Properties sells Cityplaza One office tower for HK$9.85 billion (US$1.27 billion) after its parent posted first interim loss in half a century

//Swire Properties sells Cityplaza One office tower for HK$9.85 billion (US$1.27 billion) after its parent posted first interim loss in half a century

Swire Properties sells Cityplaza One office tower for HK$9.85 billion (US$1.27 billion) after its parent posted first interim loss in half a century

Swire Properties, one of Hong Kong’s largest owners of offices and shopping centres, has sold a 21-storey office building to a consortium of investors led by Gaw Capital Partners for HK$9.85 billion (US$1.27 billion), after its parent posted its first interim loss in half a century.The company, Swire Pacific’s listed property arm, said it had sold Cityplaza One at the Taikoo Shing project on the eastern side of Hong Kong Island for HK$9.85 billion to “realise cash from its investments”, in a…

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By | 2020-11-09T13:28:28+00:00 November 9th, 2020|Business|Comments Off on Swire Properties sells Cityplaza One office tower for HK$9.85 billion (US$1.27 billion) after its parent posted first interim loss in half a century