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  • Date of publication: 31 August 2020
  • 3489
  • businessbuysale.com
  • Holding the Hong Kong tycoon bought an office building in London for $ 1.32 billion

    Synopsis

    In this building, which is located in the City of London, is the British representative office of the largest Swiss bank UBS

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Description

In this building, which is located in the City of London, is the British representative office of the largest Swiss bank UBS

 

According to the newspaper South China Morning Post, the buyer of the London office building was the conglomerate CK Assets, created by the richest Hong Kong tycoon Li Ka-shin, and now run by his son Victor Lee.

The object consists of 12 floors. It is located near the main railway junction of City, Liverpool Street station. Experts argue that the return on this investment will be 5-6% per year.

The Hong Kong holding, which last year sold the 73-story skyscraper The Center in Hong Kong for $ 5.15 billion, which was recognized as the largest transaction in the global real estate market, spent only a quarter of the proceeds to buy a building in London.

As noted by the financial analyst Raymond Chun, CK Assets, as a rule, deals with the sale of assets at high prices, and the money it invests in cheaper facilities that have a higher return.

 

unian.net