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Lee Shau-kee buy 2 Kai Tak Land from HNA Group which the price is 12% higher


Constantly spend 15.66 billion square feet more than 15,000 new highs in the region

Hong Kong Wen Wei Po News (Reporter Su Hongqiang) Recently, the HNA Group, caught in a sting of financial distress, was selling at the scene. The group yesterday announced that it will sell two of its Kai Tak land to Henderson Land (0012) at a price of HK $ 15.66 billion more than a year ago Higher than the purchase price of 12%, equivalent to more than 15,000 HKD per square foot on the floor, creating a new high area. As a matter of fact, a few days ago it was reported that the Group sought loans from local developers such as Sun Hung Kai (0016). Only about a month ago, it has simply handed over the land to the market. The market is concerned about whether Hainan Airlines will sell off the remaining two land plots .

From November 2016 to March 2017, HNA Group pledged a total of 27.2 billion HKD to sweeping into four expensive residential blocks in Kai Tak, at Kai Tak. However, only one year has passed since the establishment of "giant real estate" Dismissed. Hong Kong International Capital Construction (0687), the group's subsidiary, announced yesterday that Total Thrive and Sky Hero, two subsidiaries of the Company's funds, sold to Shaibo and Easco, subsidiaries of Henderson Land, for approximately HK $ 15.96 billion. While Total Thrive and Sky Hero hold the New Kowloon Inland Lot 6565 and the New Kowloon Inland Lot 6562 respectively located at Area 3 of Kai Tak 1K and at Area 3 of Kai Tak 1L.

Sale of the company in the form of transfer

The announcement means that the transaction was for the transfer of the land by the sale of the company and the disposal is expected to be completed today (January 14). The resumption of the two companies this time means that the two Kai Takis will be held indirectly by the completion of the transaction.

Liu Junchun: early return of funds

Liu Junchun, vice chairman of Hong Kong International Construction Investment Board, said yesterday that the group and Hengdi are on the projectReached a consensus, and constant participation in the Kai Tak real estate development, can play a brand, bring the group still holds the other two Kai Tak to enhance the value and increase synergy. He said the transaction also allows Hong Kong's early stage investment in international construction funds to return funds in advance, focusing on the existing two Kai Tak and other business development. On the other hand, for the first time, Henderson, the flag-raising project for Kai Tak Estate, responded to a query yesterday in Hong Kong's Wen Wei Po that the Group is pleased to have purchased two residential sites in the area that are expected to enjoy sea views.

Looking up the information, the two Kai Tak landlords that were resold were HNA Group which won about 8.837 billion HKD and 5.412 billion HKD respectively at the end of 2016. The fare of each floor reached 13,500 HKD and 13,600 HKD respectively. New high. Today, with a turnover of nearly 15.96 billion yuan, its book price increase was about 1.71 billion HKD or 12% higher than the purchase price of 14.249 billion HKD more than a year earlier. The total floor area of ​​the two buildings, with a total floor area of ​​1,053,000 square feet, was as high as 15,163 HKD per square foot, a record high in the region.

Upon completion of the transaction, the HNA Group still holds two properties for sale in Kai Tak, namely New Kowloon Inland Lot No. 6564 and No. 6563 (respectively, at Lot 1, Area 1L Kai Tak and Lot 2, Kai Tak 1L, Kai Tak ), Which won the bid of about 5.52 billion HKD and 7.441 billion HKD respectively in January and March last year.

The market is concerned about the financially troubled HNA, the recent four out of "water", including the outgoing and Xintiandi developers and other investors negotiate for the Kai Tak plots to find 1.5 billion to 2 billion US dollars (about 11.7 to 15.6 billion Hong Kong dollar) loan financing. It was also reported that Hainan Airlines expects to use the Kai Tak land as a mortgage and seek a loan of 8% per annum. Afterwards, the new spokesman responded by acknowledging that the two parties started a very preliminary discussion but "nothing has happened yet."

HNA to sell billions of assets

In fact, Bloomberg recently quoted sources as saying that HNA plans to sell assets to raise RMB100 billion in repayments in the first half of the year. Currently, the Group is in the process of selling two of its commercial buildings, Canary Wharf, London, at 30 South Colonnade and 17 Columbus Courtyard. Data show that as early as 2015, HNA purchased about 366 million pounds of two projects.

Translated by 28Hse.com . All right reserved.