Property News · February 20, 2020

Hongkong Land pays a record 31 billion yuan for Shanghai land plot as it continues its search for growth in mainland China


Hongkong Land Holdings Limited, a unit of one of the biggest British conglomerates of the colonial era, has paid a record price for a piece of mixed-use land in Shanghai, as the real estate developer continues its search for growth in mainland China.The 50-per cent owned unit of Jardine Matheson Holdings paid a record 31 billion yuan (US$4.43 billion) for a parcel at the West Bund area in Shanghai, according to a statement. The company plans to erect office buildings, shopping centres and high…

Source : South China Morning Post
Read more…Hongkong Land pays a record 31 billion yuan for Shanghai land plot as it continues its search for growth in mainland China

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