Wheelock sells HK building to China’s LVGEM for record $1.2b

Photo: Pramugdha Mamgain/Dealstreetasia

Mainland Chinese company LVGEM (China) Real Estate Investment Co. will purchase a building from Wheelock & Co. for HK$9 billion ($1.2 billion), setting a record price per square foot for a commercial building in Hong Kong’s Kwun Tong area.

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