HONG KONG, March 25, 2014 /PRNewswire/ -- Cushman & Wakefield, the world's largest privately-held commercial real estate services firm, has been appointed as the sole agent for the sale of the residential site of 18 Ventris Road in Happy Valley, with an approximate value of HK$170 million.
This property site has a net area of 1,237.6 sq. ft with a maximum plot ratio of approximately 3.6 (subject to government approval), which can be redeveloped to a GFA 4,455 sq. ft. Formerly the site of a four-storey residential block which was since demolished, the property is now an ideal long-term investment or development for self use.
Angel Law, Executive Director of Residential for Cushman & Wakefield Hong Kong said, "Located in the traditional luxury residential area, this is an exceptional opportunity in Happy Valley for investors. The site offers a prestigious lifestyle environment, with the Race Course in close proximity, as well as The Leighton Hill, Winfield Building, Broadwood Twelve and other luxury complexes nearby. The property is also conveniently located with easy access to Causeway Bay within 10 minutes and the Central business district in a 15-20 minutes' drive. In view of the pressing requirements of residential and serviced apartment developments in Happy Valley, I believe that this site will attract significant interest from buyers, developers and investors."
About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world's major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge. In Greater China, Cushman & Wakefield maintains seven market-leading offices in Beijing, Shanghai, Chengdu, Guangzhou, Shenzhen, Hong Kong and Taipei. More information is available at www.cushmanwakefield.com.
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