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China Fashion Tycoon to Sell $64 Million Prime Hong Kong Office

The Bank of America Tower.
The Bank of America Tower.Photographer: Paul Yeung/Bloomberg

A Chinese fashion tycoon has lost a prime office property in Hong Kong’s business district, the South China Morning Post reported. 

The entire 23rd floor of Bank of America Tower and three car parking spaces are being sold for HK$500 million ($64 million), Savills Hong Kong, the agency appointed to broker the deal said in a statement on Wednesday. It didn’t name the seller, but Qiu Yafu, the chairman of a fashion operation, was the original owner, the Post reported, citing people familiar with the matter.