Real estate developer Trans Tasman Properties made its second strike on Hong Kong land holdings yesterday, taking its Asian purchases up to $223 million in just four months.
Wednesday, September 15th 2004, 4:17PM
by The Landlord
The Auckland-headquartered listed company said it would build a 350-unit apartment block, carparks, shops and offices in Hong Kong, after signing up to spend $111 million on the latest land deal.
On the same day as Trans Tasman's $101 million deal to sell its Auckland's Finance Centre to Wellington's St Laurence Group was due to go unconditional, the developer said it had bought a 2250 sq m Kowloon site.
The deal is the second big Hong Kong acquisition for the company that, in June, incurred criticism for splashing out $112 million on another building site there.
