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Kerry buys HK$696.7m of assets
1 May 2008
South China Morning Post

Kerry Properties has agreed to buy a 71 per cent stake in several Hong Kong Island properties for HK$696.73 million for redevelopment.

The company said it would form a joint venture with the original owner to redevelop the properties into a single high-end residential-retail project.

The properties have a total site area of 13,263 square feet.

Kerry Properties said it had acquired 71 per cent and a shareholders' loan in Fancy Win and its subsidiaries, which own numbers 2, 4, 8, 10 and 12 on Li Sing Street, 1, 3, 3A, 5 and 5A on Wilmer Street and 185, 187, 189 and 189A on Queen's Road West.

The sellers are Golden Snow and Peterson Holdings, which are ultimately owned by businessman Yeung Sai-hong.

Kerry Properties said total investment for the redevelopment of the three projects would not be more than HK$1.27 billion. With a 71 per cent stake, the company's share would be about HK$907 million.

The company said it would fund the investment from internal resources and bank borrowings.

It said the funding requirement was not expected to have any material impact on the company.

Kerry Properties is controlled by the Kuok Group, the controlling shareholder of the SCMP Group, which publishes the South China Morning Post.


英皇德輔道西再批建住宅
24 July 2008

【東方日報專訊】發展商透過申請多份圖則為旗下項目增加發展彈性,其中英皇國際(00163)的德輔道西重建項目,繼獲城規會批准建酒店後,剛再獲批出住宅發展建築圖則,將建1幢36層高住宅;而囱地(00012)原已獲批商廈發展圖則的灣仔國民大廈,亦剛獲批建1幢32層高酒店圖則。

囱地謝斐道准建酒店

屋宇署上月批出33份圖則,其中英皇的德輔道西454至462A號,住宅樓面共近9.4萬方呎;另囱地謝斐道國民大廈批建酒店,總樓面6.61萬方呎。

嘉里(00683)的上環威利麻街、李陞街及皇后大道西項目獲批兩份商住發展圖則,分別興建1幢37層高、及1幢42層高物業,總樓面各近14萬及近14.7萬方呎。太古地產的西灣臺1至10號,減建1幢為2幢17層高住宅。

嘉華國際(00173)等的香港仔惠福道項目,批建6幢31至32層高住宅,總樓面64.35萬方呎。香港興業(00480)的愉景灣第14b期發展,將建3幢16層高住宅。賭王何鴻燊三太陳婉珍的石澳山仔路4號,准建4幢3層高洋房,總樓面9,750方呎。

澳洲基金麥格里的青衣路35至47號,批建1幢24層高貨倉等,總樓面逾152萬方呎。遠展(00035)的蘇杭街27至31號可建1幢29層高酒店。

利嘉閣說,上月住宅動工量按月大升近11倍至939伙,惟上半年累積動工量僅5,724伙,按年減36%。
 
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