Gelonghui, April 30, 丨 Dexiang Real Estate (00199.HK) announced that on April 30, 2024, the seller Great Intelligence Limited (an indirect wholly-owned subsidiary of the company) signed the agreement with the buyer Mexfair Limited. Based on this, the seller agreed to sell, and the buyer agreed to buy the property at a cost of HK$260 million.
According to the terms of the agreement, the buyer agreed to rent the property to the designated tenant (a wholly-owned subsidiary of the company) after completion. The rent is HK$650,000 per calendar month (excluding management fees, rates and ground rent, all to be borne by the designated tenant) for an initial period of one year from the date of completion. The designated tenant can choose to renew the lease for another year at the same rent.
The property to be sold by the seller includes (i) a property located on the 30th floor of Bank of America Tower, 12 Harcourt Road, Central, Hong Kong, with a construction area of approximately 13,880 square feet; and (ii) parking spaces, namely four (4) parking spaces numbered 4043, 4087, 4088 and 4089 on the 4th floor of Bank of America Tower, 12 Harcourt Road, Central, Hong Kong. The property is used as the Group's headquarters in Hong Kong.