Pursuits
Grosvenor in Talks to Acquire Two Hong Kong Residential Sites
This article is for subscribers only.
Grosvenor Group Ltd., the real- estate company owned by the family trust of Britain’s Duke of Westminster, is in talks to acquire two Hong Kong sites that it plans to develop into luxury housing projects.
One of the sites may be on Hong Kong Island while the other would be near the Clear Water Bay area of the Sai Kung district, Nicholas Loup, chief executive for Asia-Pacific at Grosvenor, said in an interview in the city yesterday. He declined to give details of the sites and their exact locations.