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Mapletree reported to be selling HK office property for HK$8.6b

Mapletree declines to comment on the sale of this and Shanghai disposals; it lately bought building in US

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Mapletree Bay Point in Kowloon East was Mapletree's first office development in Hong Kong. Its development cost was in 2014 estimated at HK$6 billion.

Singapore

MAPLETREE Investments is said to have sold Mapletree Bay Point, its prime office property in Hong Kong, to private equity firm PAG for HK$8.58 billion (S$1.48 billion).

A report by real estate intelligence firm Mingtiandi said the property was put on market some seven...

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