
Mapletree Investments unit wins tender for Tsing Yi logistics site
The site was acquired for $3.68b.
Mapletree Investments unit, Titanium 2 (HKSAR) Limited, has won the tender for a logistics site at Tsing Yi Town Lot No. 202.
Titanium 2 has been awarded a 50-year land grant at a premium of $3.68b.
Spanning approximately 4,318 sq m, the site is designated for logistics services and public vehicle park purposes.
It has a maximum gross floor area of 227,836 sq m for the development of multi-storey modern logistics facilities and a public vehicle park.
The government will release three more logistics sites, subject to market conditions.