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MEDIA CENTRE
(Hong Kong, July 28, 2015) Emperor International Holdings Limited (“Emperor International” or “the Group”) (Stock code: 163) today announced that it had acquired a residential building located at Nos. 8-10A Mosque Street, Mid-Levels, Hong Kong (“the Property”), at a consideration of HK$403,800,000.
The Property is a 6-storey residential building with a net site area of approximately 4,028 square feet and total floor area of approximately 14,103 square feet. Such acquisition is expected to be completed on September 29, 2015. It is planned to be redeveloped into a luxury residential tower with a gross floor area of approximately 32,227 square feet.
Mr. Donald Cheung, Executive Director of Emperor International, said, “The Property is located at Mid-Levels, a traditional luxury residential area on Hong Kong Island. Adjacent to Soho area and Lan Kwai Fong, it is in close proximity to Central-Mid-Levels Escalator with convenient access to Central commercial district area. In line with our strategic focus on quality residential property of Hong Kong Island, this acquisition will enable the Group to optimize the land bank portfolio with better capital appreciation in the future.”
