Mapletree Purchases Hong Kong Mall for $2.4 Billion
01. Aug, 2011
Office rental rates in Hong Kong’s central district are at record levels. Hong Kong retail space is relatively expensive compared to other Asian core office markets and ranks close to New York City in retail rent pricing. In addition, Hong Kong attracts a large audience of tourists from mainland China. While many sovereign funds involved with real estate seek core European and American real estate as attractively priced, a number of sovereign funds have sought out Asian real estate deals. [Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view site content.]
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