Henderson buys Hong Kong’s ‘land king,’ paying a record US$6.5 billion for harbourfront commercial plot in Central

Nov 3, 2021 | INVESTING

Henderson Land Development has won the tender for Hong Kong’s most expensive commercial land parcel, paying a record HK$50.8 billion (US$6.5 billion) for a harbourfront plot in Central.The land parcel was awarded to Henderson’s unit Pacific Gate Development Limited on a 50-year land grant, according to a statement by the government.The New Central Harbourfront Commercial Site 3, measuring 516,316 square feet (47,967 square metres), can yield a total gross floor area of 1.6 million sq ft.The…

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