The building is located at 38 Yiu Wa St., adjacent to Times Square Hong Kong in the second-priciest shopping district in the world.Ī handful of ginza-style commercial buildings in Causeway Bay reportedly changed hands in July, including the sale of the 32,700-square-foot L’Hart for HK$965 million ($123 million) and the 68,000-square-foot Cubus for HK$2 billion ($260 million). Retail tenants include F&B, beauty salons, gyms, clubs and karaoke venues. Plaza in Sheung Wan (valued at HK$1 billion/$130 million) from the buyer. The sales proceeds will be in the form of a cash lump sum of HKD$1.1 billion ($140 million) and an ownership transfer of L. The building sold for HK$2.1 billion ($268.6 million), realizing a gain of about HK$500 million ($64 million) since CLSA acquired the building three years ago. CLSA Capital Partners has sold Zing!, a 27-story retail center commercial building in Hong Kong’s Causeway Bay retail district, according to local media outlets. The buyer was not disclosed.
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