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Nan Fung raises $150m
NAN Fung Development has sold the industrial property Regency Centre in Wong Chuk Hang for more than $150 million to a Hong Kong company.
According to Felix Chao of the investment division at Chesterton Petty, the market response to the tender of the property was exceptional.
He said the property was sold before the tender closed yesterday after a buyer offered a price in excess of $150 million.
At the purchase price, the property carries an investment yield of about six per cent.
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