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MEDIA CENTRE
(Hong Kong, 24 November, 2014) Emperor International Holdings Limited (“Emperor International” or “the Group”) (Stock code: 163) announced that it has successfully acquired a retail and office complex located at Nos. 181-183, Oxford Street, London, W1D 2JT, United Kingdom (the “Property”), at the consideration of GBP£35,000,000, equivalent to approximately HK$425,303,000.
The Property is a 7-storey (including basement) retail and office complex with a total floor area of approximately 12,731 sq.ft.. The Group intends to use it as property investment purpose in the long-run.
Mr. Donald Cheung, Executive Director of Emperor International, said, “It is a prominent shopping hub with stylish and chic international fashion and lifestyle image stores, namely Uniqlo, H&M and Topshop. Located at the key shopping area with promising pedestrian traffic in London, a one of the best shopping destinations of international visitors, we see a very good potential on rental increment and capital appreciation in the long-term. Such acquisition marks a significant milestone for the Group to expand its property investment portfolio beyond the Greater China and widen its rental revenue base.”
