Case Study - Industrial Service
NWS Kwai Chung Logistics Center - Kwai Chung, New Territories

Specialist Property Services and Sectors

Savills secured a record price for the sale of a single block logistics asset in Kwai Chung for its client NWS Holdings.

The Brief

NWS Holdings appointed Savills to sell NWS Kwai Chung Logistics Centre, a five-storey logistics facility located at No. 2 Tat Mei Road, Kwai Chung with a total gross floor area of 694,000 sq ft. The property, located close to Kwai Chung Container Terminals, features high ceilings (reaching 21ft) and additional office space.

The Client

NMS Holdings

How Savills Added Value

Savills research indicated that with low logistics vacancy rates and continued growth from e-commerce and the express delivery industry, a strong price could be achieved, despite weakness in the retail market - traditionally a driver of logistics real estate.

Raymond Lee, CEO of Greater China, Savills, knew a wide range of possible buyers should be considered for an asset of this type and with this potential, including logistics companies, foreign funds and Chinese institutions. Private invitations were made to a select group of potential buyers and a few screenings were held in order to secure the right buyer over an eight month process.

The Outcome

After extensive consultations and negotiations with potential buyers and the client, NWS Kwai Chung Logistics Centre was sold to a wholly-owned logistics subsidiary of China Resources Enterprise, Limited for HK$3.75bn. The deal has been hailed as a transaction record in whole block industrial building in Hong Kong.

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Our Services

Key Contacts

James Siu

James Siu

Deputy Managing Director / Head of Kowloon Savills

Savills The Gateway

+852 2378 8628


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