Retail space sold

PUBLISHED : Friday, 01 March, 2002, 12:00am
UPDATED : Friday, 01 March, 2002, 12:00am

Soundwill Holdings said it had agreed to sell 26,000 square feet of retail space in a commercial development at 8 Russell Street for HK$300 million, representing an average price of HK$11,538 per square foot. The company did not identify the buyer of the space. However, it said the buyer would pay HK$10 million to enter into a joint venture partnership with Soundwill to develop a residential site in the New Territories.