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Henderson Land Development has outbid eight other contenders to win one of the most highly-anticipated Hong Kong land sales in decades. It was awarded the tender for a commercial development site—the Murray Road Carpark—in Central for HKD 23.28 billion, setting a new record high in the city for commercial land. Henderson intends to develop a landmark office building with retail facilities on the site by 2022, and plans to hold and lease the asset for long term investment. The Conditions of Sale require a public carpark to be built on part of the site.
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17 May 2017
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