Cheung Kong Group sold for $ 40 billion in Central

The Cheung Kong Group (1113.HK), which is controlled by Hong Kong's richest man, Li Ka-shing, announced that it would sell the Central China Business Center "Central Central" property with a total transaction price of HK $ 40 billion, which would be the highest traded property in Hong Kong.

Cheung Kong Group announced on Wednesday night that the buyer was "China Hong Kong, Macao, Taiwan and Overseas Development Asia Real Estate Limited", a company incorporated under the laws of the British Virgin Islands, but did not disclose the identity of shareholders. The Company expects that the sale will be valued at approximately HK $ 14.5 billion at the end of June, but the actual number may vary.

According to the Hong Kong Letters, the major shareholders of the new buyers of the Central Center are 55% interest in China National Energy and Chemical Group. The remaining 45% were held by a group of investors who were active in Hong Kong's industrial and commercial property market in recent years.

Cheung Kong Group said that the sale of the company to provide the opportunity to cash out the investment of these properties.

Mr Lam Ho-wen, Senior Director and Director of Valuation and Consultation, said that the current price of the Hong Kong office market was hot and that the rental price of the Central Center was at a reasonable level. The estimated return on rent was about 3%. Whether the project was partly used or split Announced, but the Central Center has a large number of parking spaces, such as only the sale of parking spaces can also be part of the funds to return.