Property News · November 23, 2017

Shares in new Wharf commercial property unit make spectacular debut in Hong Kong


Shares in Wharf Real Estate Investment (REIC), which was spun off from The Wharf (Holdings), opened at HK$50.4 a share on their debut on Thursday.
Wharf REIC’s key assets include investment properties such as Harbour City and Times Square.
“We believe its fair value is HK$48 per share, based on a 30 per cent discount on our estimated net asset value of HK$68 per share,” said Raymond Cheng, an analyst at CIMB Securities.
Wharf said in August it was hiving off six investment…

Source : South China Morning Post
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