HKG:0012

2 stories mentioning HKG:0012

Every FINWIRES story that references HKG:0012, newest first.

Hong Kong Awards Central Harbourfront Site to Henderson Land JV on Five-Year Lease

Hong Kong's Development Bureau has awarded a five-year tenancy of the Central Harbourfront Event Space to Central Grand, a joint venture between Henderson Land Development (HKG:0012) and YW Company, according to a Thursday press release.The tenancy will commence on July 1, with the 3.7-hectare site to be managed and operated for events under enhanced venue requirements at a monthly rent of HK$1.5 million.The government said the winning proposal features large-scale commercial events aimed at boosting tourism and the "mega-event economy," alongside free public access when no events are held.The operator will also provide free facilities and ensure parts of the site remain open during non-event periods or when space is unused.

HKG:0012

Asia55d ago

Market Chatter: MTR Draws Eight Bids for Kam Sheung Road Phase 2 Project

MTR (HKG:0066) received eight bids for its Kam Sheung Road Station Phase 2 project on Monday after attracting 31 expressions of interest, The Standard reported Monday.The site is valued at HK$3.62 billion to HK$7.24 billion, or HK$3,000 to HK$6,000 per square foot, and is expected to provide about 1,290 flats across 1.21 million square feet, according to the report.Bidders included CK Asset (HKG:1113), Henderson Land (HKG:0012), Sun Hung Kai Properties (HKG:0016), K. Wah International (HKG:0173), and Wheelock Properties, among others, the report said.MTR also plans to launch the tender for Tuen Mun A16 Station Package 2 after conducting market consultation this month, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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