Deals
Hong Kong's Fifth-Tallest Tower Sells for Record $5.15 Billion, Economic Journal Says
- Chinese-led group buys The Center, Economic Journal reports
- 73-story building in Central district is city’s fifth-tallest
Li's H.K. Tower Sells for Record $5.15B: Report
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Li Ka-Shing’s CK Asset Holdings Ltd. sold its 75 percent holding in The Center to a Chinese-led group for HK$40.2 billion ($5.15 billion), a record for a Hong Kong office tower, the Hong Kong Economic Journal reported.
The deal will be announced in the near future, the Economic Journal reported, without saying where it got the information. Some domestic investors are also part of the consortium, the newspaper said. Representatives at CK Asset didn’t immediately return calls seeking comment.