What happened to Li Ka-shing's assets being resold?

In the era of asset operation, the strategic development direction of enterprises is obviously different. Some insist on heavy operation, and some shift heavy assets to light assets. In view of this, large-scale transactions in the office market have increased frequently.

Yesterday, Li Ka-shing was once again rumored to be selling the Hong Kong Central Center. According to media reports, sources were quoted as saying that Cheung Kong Industrial Group (hereinafter referred to as Cheung Kong Industrial Group) sold 75% of its interest in the Central Center for HK$ 40.2 billion, and the buyer was a consortium led by mainland petroleum system institutions. If the news is true, this transaction will become the highest transaction price of commercial buildings in Hong Kong, which is about 12.6% higher than the rumored transaction price of 20 16 years.

According to public information, the "Central Center" is located at 99 Queen's Road Central, Hong Kong. It was jointly developed by Changjiang Industry and the land development company, the predecessor of URA. Completed on 1998, Changjiang holds 75% interest.

The report pointed out that the sale of 75% interest in Central Center by Cheung Kong Industrial Group has been brewing for a long time and was almost completed last year. However, it is reported that Cheung Kong insists on selling 75% of the Central Center at a price of not less than HK$ 40 billion. It lasted for one year and was finally sold for about HK$ 40.2 billion. The buyer is a consortium led by mainland petroleum system institutions, including some local real estate investors in Hong Kong.

According to the news, in 2065438+2006 10, Cheung Kong originally agreed to sell 75% of the rights and interests of "Central Center" to China Company, but the senior management of Cheung Kong finally thought that the property was of excellent quality and superior location, and the reasonable price should be above HK$ 40 billion, so it decided to make a counter-offer at a critical moment. After a year of seesaw, it was finally transferred for about 40.2 billion Hong Kong dollars.

It is understood that this transaction involves an area of about 1.22 million square feet. Based on the latest pricing, the average price per square foot is about HK$ 33,000, which is 12.6% higher than last year's asking price of HK$ 35.7 billion and the price per square foot of HK$ 29,300.

It is noteworthy that some insiders told this reporter that in recent years, Li Ka-shing frequently sold real estate assets, some of which were cashed in at a high level, while others demanded the transfer of asset allocation. Compared with the office property assets of the real estate industry, Li Ka-shing seems to be more inclined to invest in other industries. Its investment in Britain has exceeded 30 billion pounds, controlling nearly 30% of the natural gas market, a quarter of the power distribution market and about 5% of the water supply market in Britain.

This is not the first time that the Central Center has been rumored for sale. It is reported that on September 20 this year, at the 20 17 Cambridge University International Real Estate Finance and Investment Summit, when asked about the progress of the sale of the Central Center, Zhao Guoxiong, executive director of Cheung Kong Industrial Group, said that there were intermediary agents asking about the sale of the Central Center from time to time, but there was no substantial progress at present and it would be sold at a suitable price in the future.