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Kerry Properties sells two godowns for $4.6b


Kerry Properties says it has entered into an agreement with China Resources Logistics to sell two warehouses for HK$4.62 billion.

Kerry said in a filing yesterday that one of its wholly owned subsidiaries plans to sell the Chai Wan warehouse for HK$2.29 billion and the Sha Tin warehouse for HK$2.33 billion.

The buyer, CRL, is an indirect wholly owned investment holding subsidiary of the state-owned conglomerate China Resources.

Chai Wan warehouse is at 50 Ka Yip Street, and had a net book value of HK$2.28 billion at the end of last year, it said.

With a total gross floor area of 521,253 square feet, the property brought Kerry HK$45 million in net profit last year.

The Sha Tin warehouse at 36-42 Shan Mei Street New Territories has a total gross floor area of 404,374 sq ft, the filing showed.

It had a net book value of HK$1.46 billion last year and created an after-tax net profit of HK$113 million in 2021.

The deal is expected to be completed on or before June 30 and the related transaction costs would be HK$5 million, Kerry Properties said.

The estimated net proceeds from the disposal in the amount of about HK$4.62 billion will be used as general working capital, and an estimated gain of HK$883 million will be recorded upon completion, it said.

On the prevailing market conditions under the Covid-19 situation, the financial position of the group and the performance of the warehouses, the directors consider that the disposal presents an excellent opportunity for the company to unlock the value of the warehouses and enables it to recycle capital to strengthen its balance sheets and operations, the filing stated.

Given that the group has a diverse and robust property portfolio, Kerry Properties felt the disposal would have no material effect on its business and operations, said the filing.

(The Standard)

 

Red-hot The Grand Mayfair II rolls out more flats

The Grand Mayfair II in Yuen Long released another two batches with 288 flats together to be put on sale on Wednesday after selling over 90 percent of the homes in the first round of sales last Friday.

The two price lists, which comprise 59 one-bedroom units, 188 two-bedroom units, 34 three-bedroom units, and 7 flats with four bedrooms, are priced from HK$6.52 million to HK$18.47 million after discounts, or from HK$17,132 to HK$20,463 per square foot.

The 805-flat project is phase 1B of a 2,200-flat mega development that is being jointly developed by Sino Land (0083), K Wah International (0173), and China Overseas Land and Investment (0688).

They have earned over HK$3.5 billion following the sales of more than 400 homes last Friday.

In Tseung Kwan O, Kowloon Development (0034) has released the fifth price list for Manor Hill, offering 172 units starting from HK$5.04 million after discounts. The batch provides studio and one-bedroom homes ranging from 208 sq ft to 428 sq ft.

In Kai Tak, Wheelock Properties has sold at least six units at Monaco Marine, raking in HK$81.7 million.

Its Koko Hills in Lam Tin will launch sales of 96 flats today, including 80 on price lists and 16 by tender.

In Cheung Sha Wan, Grand Victoria II co-developed by Sino Land, Wheelock, and three others, will put 130 flats on the market tomorrow, including 76 on price lists and 54 via tender.

The 76 homes ranging from 278 sq ft to 807 sq ft are priced from HK$6.48 million to HK$22.66 million after discounts.

In Kowloon City, Country Garden (2007) has recorded at least 14 transactions for its Allegro, after putting 70 units up for sale.

In Tai Kok Tsui, at least 9 flats - a studio unit and 8 one-bedroom units - were sold over the weekend, which brought the developer Henderson Land Development (0012) over HK$54 million in contracted sales.

New projects across the city drew buyers from the secondary market over the weekend, resulting in a 21.4 percent decline in the top 10 housing estates with half of them recording no transaction, a property agency said.

Only 11 deals were seen over the weekend, but the number has remained in double-digit territory for the 10th week in a row, the real estate agency said.

An agent said that developers are relatively conservative in pricing to attract buyers, which inevitably slows down second-hand transactions.

The agent added that homeowners may need to further cut their asking prices in order to compete.

(The Standard)

 

長沙灣「變天」激活商貿需求 新世界林浩文:料租售價穩步上揚

新世界近年在長沙灣區打造「甲廈商圈」,區內三甲廈項目提供樓面達220萬方呎,逾5成樓面將作長綫收租用途。其中,荔枝角道888號率先入伙,累售樓面約75%,餘下樓面傾向出售,但若作出租用途,意向呎租約30元起,同時約241個私人停車位現正放售,定價由200萬起。新世界發展資產及房地產組合管理總經理林浩文接受本報訪問時指出,長沙灣近年發展迅速「變天」,激活區內商貿需求,因區內優質甲廈供應罕有,料未來五年區內甲廈租售價穩步上揚。

私人停車位200萬起

林浩文指,集團旗下長沙灣荔枝角道888號,項目於2019年底開售,市場反應相當不俗,累售約75%樓面,以項目面積約58萬方呎計,售出樓面逾43萬方呎,近8成買家為用家或長綫投資者,買家包括金融、保險及大專等機構,當中較矚目買家包括南洋商業銀行及香港大學專業進修學院等知名機構,反映項目質素備受市場認同,平均成交呎價介乎1.5萬至1.7萬,項目待售單位多為優質物業,將採惜售態度,假如用作出租,意向呎租約30元起。

林氏亦指出,該項目約241個私人停車位於過去一個月於市場上放售,定價介乎200萬至220萬,市場反應相當熱烈。資料顯示,該項目於今年3月以1.428億沽出公眾停車場,涉及70個私家車位、15個輕型貨車位,每個車位成交價約168萬。

瓊林永康街項目明年底竣工

值得一提的是,該項目唯一零售鋪位,建築面積約500餘方呎,現正推出市場放租,目標租戶為優質食肆品牌,近期已頻獲多家商戶洽租查詢,租金處磋商階段。

林浩文指,早於上世紀六、七十年代,長沙灣區內以紡織及製衣業為主,惟近年區內有多個大型住宅新盤相繼落成,推動區內發展迅速「變天」,區內各項配套漸見成熟。

三甲廈項目涉220萬呎

至於同區瓊林街及永康街項目,最快明年第四季竣工,分別提供樓面約120萬及42萬方呎,集團於區內三商廈項目,合共提供樓面達220萬方呎,並逐步進入收成期,逾5成樓面將作長綫收租用途。

對於甲廈市場前景,林氏認為,儘管疫情持續發酵,惟優質甲廈物業需求殷切,長沙灣區內供應亦屬罕有,加上交通等配套因素支持,激活需求持續增長,故市場正處成長期,區內甲廈租售價將穩步上揚,料未來5年間升幅約5%。他續指出,集團早於2017年起購入該商業項目地皮,當時已瞄準未來大灣區發展,因長沙灣位處本港中心地段,有利項目用家及租戶往返機場及內地。

(星島日報)

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外資基金頻大手購工廈酒店 今年暫錄82億較去年同期升41%

今年以來,外資基金連番在港大手掃貨,根據本報統計,購入酒店及工廈各4宗,合共8宗,涉資共逾82億,較去年同期升41%,尤其酒店交投遠較去年暢旺。業界人士指,疫情下酒店受重擊,基金買家趁勢吸納,期待通關後,需求回復正常,租售價勢必上升;隨着物流及數據中心需求殷切,後市更備受看好。

今年以來市場暫錄6宗酒店買賣,基金佔4宗,涉資逾45億,市佔率73%,WEAVE LIVING夥拍安祖高頓一連購入大角嘴九龍珀麗酒店及西環華麗都會酒店,涉資各14.20億及9億;紅磡「逸.酒店」作價16.46億,油麻地CASA酒店5.9億成交,分別由兩家外資基金購入。

盼通關後酒店需求復常

今年最矚目工廈成交,為葵涌貨櫃碼頭路集運中心全幢,以約29億易手,每呎1.09萬,創區內工廈新高,更成為二手工廈高價指標,買家為美資基金Nuveen旗下Asia Pacific Cities Fund (APCF),該基金首度在港插旗,重手出擊令市場側目。

比較去年,外資基金ESR斥18億購入葵涌光輝凍倉,作價18億,呎價5445元;萬國數據亦以18億購入的中央工業大廈,呎價僅5294元,可見今年價格上升。

物流數據中心需求殷切

除了上述美資基金外,今年出手購入工廈,包括加拿大基金公司Brookfield Asset Management Inc,向興勝創建購入沙田工業中心單位及車位,涉資2.11億,新加坡基金SilkRoad Property Partners,亦購入荃灣大成大廈3全層,涉資1.8億。

去年同期,市場並未錄基金購酒店記錄,不過,基金於去年同期購入6項工廈,涉資逾48億,較今年逾37億為多;今年以來,基金購工廈及酒店共涉資82億,對比去年合共48億,按年升41%。

有代理表示,自從2019年中動亂以至疫情來襲,外資基金在港投資步伐減慢,不過,2020年中重新部署,至今表現活躍。

(星島日報)

 

嘉里連沽2貨倉 共46億今年最大額

買家均為華潤物流 近年多番買工

工廈成為投資焦點,嘉里 (00683) 表示,以約46.2億元沽出旗下位於沙田及柴灣貨倉物業,買家均為華潤物流,成為今年最大額工廈買賣個案。

嘉里表示,與華潤物流達成協議,出售旗下嘉里 (沙田) 貨倉及嘉里 (柴灣) 貨倉兩項物業,作價分別23.3億及22.9億元,合共涉及約46.2億元。以成交價計,為今年最大金額買賣。

疫情影響貨倉營運 沽貨套現

嘉里指,考慮到新冠疫情下的現行市況,集團的財務狀況及貨倉的營運表現,董事認為出售事項為公司提供了絕佳機會釋放貨倉價值,並認為出售不會對集團業務及營運產生重大影響。

兩項物業均屬貨倉用途,嘉里 (沙田) 貨倉位於火炭山尾街36至42號,對面為近年入伙的駿洋邨。沙田貨倉樓高18層,總樓面面積約404,374平方呎。據了解,該物業現時出租率理想,呎租約12至14元,主要為物流行業租用。物業以23.3億元易手,呎價約5,762元。

柴灣貨倉作價22.9 呎售4393

另一物業為嘉里 (柴灣) 貨倉,物業位於柴灣嘉業街50號,樓高15層,總樓面約521,253平方呎。數年前,嘉里物流 (00636) 曾作出申請,計劃改裝柴灣貨倉為大型骨灰龕場,惟城規會指項目所在為活躍的作業海港,有貨倉及工業用途,與申請人提出的土地用途不協調,亦憂減少工業用地供應等,否決有關申請。

今次以物業22.9億元成交價計,呎價約4,393元。

是次兩項物業買家華潤物流,近兩年活躍於工廈市場,多次大手購入工廈,包括去年向鄧成波家族購入屯門及粉嶺工廈,涉及屯門東亞紗廠工業大廈第一期全幢,以及粉嶺安樂門街35至37號勉勵龍中心全幢,分別涉約22.42億及6.95億元,合共近30億元。如今再斥逾46億元,購入兩項物業,合共已斥逾75億元掃工廈作自用。

(經濟日報)