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.

Related Case Studies 

10 Shing Yip Street

Kwun Tong, Kowloon

Eastern Sea Industrial Building

Kwai Tung, New Territories

Koon Wah Group Building

Shatin, New Territories

Yeu Shing Industrial Building

Tuen Mun, New Territories

Our Services

Key Contacts

James Siu

James Siu

Deputy Managing Director / Head of Kowloon Savills
Industrial Development & Investment

The Gateway

+852 2378 8628


Industrial Sales and Leasing
08 July 2019

The impact of the US / China trade tensions has translated into declining cargo throughput and retail sales, as well as fewer industrial sales and leasing transactions over Q2/2019, with prices and rents remaining intact for the moment.

Industrial Sales and Leasing
29 April 2019

The lack of available space has forced many large scale 3PLs and end users to renew their existing leases, with landlords becoming more bullish in rental negotiations