Mapletree bags HK site for HK$3.77b

MAPLETREE Investments Pte Ltd has been awarded a prime commercial site in Hong Kong for HK$3.77 billion (S$618 million).

The 5,112-square-metre site is located in Kwun Tong, Kowloon East, a key office cluster in Hong Kong that has been earmarked as the new central business district, the company said in a statement yesterday.

Mapletree plans to develop a Grade-A office building there, with a total gross floor area of over 61,300 square metres.