Sale of Festival Walk shopping center is the biggest property transaction ever for Swire Pacific.
A Bloomberg report said, “Swire will record a profit of HK$1.6 billion from the sale with a book value of HK$17.2 billion at the end of 2010.”
The commercial complex in Hong Kong’s Kowloon Tong area is being sold to Mapletree Investments.
View the report here.
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