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DBS Acquires 6 Floors at The Center for HKD2.5B, Set to Become Major Owner: Rumor
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Market sources said DBS Bank has splashed more than HKD2.5 billion to acquire six office floors at The Center from SHIMAO GROUP (00813.HK)'s founder Hui Wing Mau or related parties. This deal involved entire floors on 31/F, 32/F, 36/F, 37/F, and 76/F, as well as part of 56/F, totaling around 150,000 square feet, making it the largest commercial building transaction YTD. With the six floors included, DBS will hold a total of 14 floors at The Center, which are estimated to span around 340,000 square feet, meaning that the bank is likely to become a major owner of this building. Auto-translated by AI AASTOCKS Financial News |
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