{"id":103565,"date":"2019-02-01T10:52:32","date_gmt":"2019-02-01T03:52:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/exclusive-hna-will-sell-its-last-kai-tak-parcel-to-wheelock-for-hk7-44-billion\/"},"modified":"2019-02-01T11:03:12","modified_gmt":"2019-02-01T04:03:12","slug":"exclusive-hna-will-sell-its-last-kai-tak-parcel-to-wheelock-for-hk7-44-billion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exclusive-hna-will-sell-its-last-kai-tak-parcel-to-wheelock-for-hk7-44-billion\/","title":{"rendered":"Exclusive: HNA will sell its last Kai Tak parcel to Wheelock for HK$7.44 billion"},"content":{"rendered":"


\nHNA Group will sell its last plot of development land at Hong Kong\u2019s former Kai Tak airport site to Hong Kong developer Wheelock & Co, as the one-time high-flying Chinese conglomerate rushes to sell assets to repay debts.
\nThe listed unit of the Hainan-based company, Hong Kong International Construction Investment Management Group, sold the plot to Wheelock at a price likely below the cost it paid almost two years ago, reflecting the slowdown of the residential property market in Hong…
\n
\nSource : South China Morning Post
\nRead more…Exclusive: HNA will sell its last Kai Tak parcel to Wheelock for HK.44 billion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HNA Group will sell its last plot of development land at Hong Kong\u2019s former Kai...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103565","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qWp","jetpack-related-posts":[{"id":82290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hna-sells-wheelock-third-plot-of-kai-tak-land-to-repay-borrowings-making-a-profit\/","url_meta":{"origin":103565,"position":0},"title":"HNA sells Wheelock third plot of Kai Tak land to repay borrowings, making a profit","date":"March 9, 2018","format":false,"excerpt":"\r HNA Group, one of China\u2019s biggest global asset buyers since 2012, has sold the third of its four plots of development land at Hong Kong\u2019s former Kai Tak airport site, as it steps up its asset disposals to repay borrowings, under pressure from regulators and creditors. The Hainan-based company\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-eyes-hnas-last-kai-tak-plot-even-as-it-posts-a-1-5pc-rise-in-2017-core-profit\/","url_meta":{"origin":103565,"position":1},"title":"Wheelock eyes HNA\u2019s last Kai Tak plot even as it posts a 1.5pc rise in 2017 core profit","date":"March 12, 2018","format":false,"excerpt":"\r Wheelock and Co, which pulled in HK$6.4 billion (US$816 million) in property sales over the weekend, said on the Monday that it is interested in HNA Group\u2019s last residential site in Kai Tak should the debt-laden Chinese conglomerate put it up for sale. The company bought a similar site\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hna-pays-hk5-53-billion-for-its-third-land-parcel-at-kai-tak-site\/","url_meta":{"origin":103565,"position":2},"title":"HNA pays HK$5.53 billion for its third land parcel at Kai Tak site","date":"January 25, 2017","format":false,"excerpt":"\r HNA Group, which owns hotels and golf courses in addition to its control of Hainan Airlines, has bought its third parcel of development land at Kai Tak, bringing its total shopping bill at Hong Kong\u2019s former airport site to HK$20 billion in three months. The Chinese company\u2019s unit Top\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hna-to-sell-flats-to-hong-kong-staff-at-cost-after-muscling-into-citys-real-estate-founder-says\/","url_meta":{"origin":103565,"position":3},"title":"HNA to sell flats to Hong Kong staff at cost after muscling into city\u2019s real estate, founder says","date":"June 25, 2017","format":false,"excerpt":"\r HNA Group, the biggest buyer of land in Hong Kong last year, said it is aiming to build and sell apartments at cost for its staff at the former Kai Tak airport site, part of a plan to muscle into the city\u2019s real estate industry. The conglomerate, which paid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hna-group-pays-hk7-44-billion-for-fourth-plot-of-land-at-kai-tak\/","url_meta":{"origin":103565,"position":4},"title":"HNA Group pays HK$7.44 billion for fourth plot of land at Kai Tak","date":"March 15, 2017","format":false,"excerpt":"\r HNA Group Co., the property conglomerate that also owns Hainan Airlines Co., has paid HK$7.44 billion for its fourth plot of development land at Hong Kong\u2019s former Kai Tak airport. Milway Development Ltd. beat out 14 other bidders to secure a 50-year right to develop Kai Tak Area 1L\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hnas-kai-tak-project-receives-us93m-capital-injection-from-subsidiary\/","url_meta":{"origin":103565,"position":5},"title":"HNA\u2019s Kai Tak project receives US$93m capital injection from subsidiary","date":"October 13, 2017","format":false,"excerpt":"\r A subsidiary of HNA Group, Hong Kong International Construction Investment Management Group (HKCIM), has injected HK$728 million (US$93.24 million) into a land parcel owned by its parent at Kai Tak, the site of Hong Kong\u2019s former airport. HNA has splashed out a total HK$27.2 billion (US$3.48 billion) on four\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103565"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103565"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103565\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}