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Investor demand fuels industrial property growth in Q3

Notable transactions include JINGDONG buying Li Fung Centre for $1.8b.

Investor demand will drive continued growth in Hong Kong’s industrial property market, JLL said, with this trend evident in several transactions in Q3.

Notable transactions in Q3 include JINGDONG Property's acquisition of the Li Fung Centre in Shatin for $1.8b, with Maersk Contract Logistics remaining as the sole tenant.

SF Express also took over Mapletree Logistics Centre in Fanling, spanning 137,382 square feet, reported JLL, citing a market source.

Other high-profile deals included the sale of Camelpaint Centre for $410m and the 22nd floor of Ever Gain Plaza, which sold for $75.9m.
 

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