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Singapore Consortium Reportedly Acquires ONE BEDFORD PLACE Receivership Asset for HKD730M, Plans Student Hostel Conversion
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ONE BEDFORD PLACE in Tai Kok Tsui, owned by Lofter Group, was taken over by BANK OF E ASIA (00023.HK) earlier this year, sources divulged. The receiver secured a new buyer for the entire building, which is set to be transferred for approximately HKD730 million. The prospective buyer is a Singapore consortium, which intends to convert the property into a student hostel. The project, completed in 2024, is a 29-storey Grade A commercial building with a site area of approximately 10,043 sq ft and a total gross floor area of approximately 184,000 sq ft. Based on a consideration of HKD730 million, the price per sq ft is about HKD3,967.4. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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