Valuation of 96% Interests of an industrial block in Kwun Tong
In March 2018, our client, Vantage Group (00015.hk), acquired approximately 96% of the interest of an industrial block completed in 1970. This part of Kwun Tong is transforming into a business area with several recently completed large-scale office buildings; numerous nearby commercial property projects under construction are also expected to be put into use in the near future.
The total saleable area of the properties is about 88,000 sqft. The client intends to employ the premises as self-used working spaces, staff training centre and client meeting areas. The properties will house a team focusing on Building Environment Assessment Method (“BEAM”) as well as the R&D department of the Group.
We valued the properties for the group for Circular purpose as required by the Stock Exchange of Hong Kong.