Hongkong Land Holdings plans to continue investing in Hong Kong despite the change-over to Chinese control in July this year. The investment company has put in place a £470m syndicated loan facility to finance the group’s investment programme in in the territory and to refinance a portion of the group’s existing loan facility.
The loan was co-ordinated by HSBC, Chase Manhattan and Societe Generale and involved 24 financial institutions.
The Hong Kong Land Group owns and manages 464,500 sq m (5m sq ft) of prime office and retail space in the heart of Hong Kong’s central business district. It is also active in the Philippines, Singapore, Vietnam and Indonesia.
EGi News 02/06/97
