Property News · October 31, 2025

Idle Hong Kong seafront site gets new lease of life from private equity firm MBK


A mega waterfront commercial site in Hong Kong’s Quarry Bay that has been left idle for nearly two decades by a now-bankrupt local businessman may finally be poised for a revival.
The current owner, Marine Riches, majority owned by Seoul-based private equity group MBK Partners, had applied to amend plans for the site to the Town Planning Board – a move that came amid signs of recovery in Hong Kong’s retail sector and property market.
Marine Riches proposed to build a mixed-use development…

Source : South China Morning Post
Read more…Idle Hong Kong seafront site gets new lease of life from private equity firm MBK