STERLING GP (01825) announced that on February 1, 2024, Win 18 and Win 19 (as the owner) each entered into two new lease agreements with SAL (a wholly-owned subsidiary of the company, as the tenant) relating to the rental of Win 18 properties and Win 19 properties respectively. Each of the new lease agreements will last for one year from February 1, 2024 to January 31, 2025 (including the first and last two days). The rent is HK$130,000 per calendar month (equivalent to HK$1.56 million each year for Win 18 properties and Win 19 properties), excluding management fees, rates, ground rent, utilities and all other incidental charges.
Win 18 properties refer to parking spaces P310 and P311 on the 18th floor of Huida Commercial Center and the 3rd floor of Huida Commercial Center, Kowloon, Hong Kong, China; Win 19 properties refer to parking spaces P312 and P313 on the 19th floor of Huida Commercial Center and the 3rd floor of Huida Commercial Center in Hong Kong, China. Win 18 properties and Win 19 properties leased under the new lease agreement are used as the Group's offices.