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Wheelock acquires Hop Lung Industrial Building for HK$728m
The developer plans to redevelop the building into a "high-quality industrial project."
Wheelock Properties has acquired the Hop Lung Industrial Building at 52 Wong Chuk Hang Road, South, Hong Kong Island, for HK$728m.
The industrial building has a site area of 7,830 square feet and a buildable floor area of 117,500 square feet.
The developer plans to redevelop the building into a “high-quality industrial and trade project.”
The asset marks Wheelock's first acquisition of an industrial site on urban Hong Kong Island via a compulsory auction this year.
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