Savills is pleased to announce the acquisition of floors 21 to 23, totaling over 50,000 sq ft, at the Hong Kong Convention and Exhibition Centre (HKCEC) on behalf of Shanghai Huaxin Group (Hong Kong) Limited, subsidiary of CEFC China Energy Company Limited. The property values up to HK$1.4 billion costing approximately HK$28,000 per sq ft.
Savills is pleased to announce the acquisition of floors 21 to 23, totaling over 50,000 sq ft, at the Hong Kong Convention and Exhibition Centre (HKCEC) on behalf of Shanghai Huaxin Group (Hong Kong) Limited, subsidiary of CEFC China Energy Company Limited. The property values up to HK$1.4 billion costing approximately HK$28,000 per sq ft.
Raymond Wan, Senior Director of Office Sales of Savills said, “It is a great pleasure to be working with CEFC China Energy Company Limited. Over the course of two years, we conducted detailed market analysis and were on a search for a potential partner before we came across Shanghai Huaxin Group (Hong Kong) Limited trying to re-enter into Hong Kong. HKCEC is one of the most desirable locations in the financial district. In recent years, Hong Kong’s Grade A office buildings have attracted a number of state-owned and private enterprises from mainland China, who have an optimistic outlook on Hong Kong’s property market. The space we have invested in HKCEC is very spacious and at a reasonable price. It is extremely rare to find such office spaces in Hong Kong’s most prime areas.”
CEFC China Energy Company Limited is a private collective enterprise with energy and financial services as its core business. They seek to expand into the energy sector of the international economic market and establish a well-organized international investment bank and investment group. CEFC China Energy Company Limited comprises two major companies of which 13 first-grade companies in China and A-share listed companies, plus a number of overseas companies. They nurture around 30,000 employees.
The total turnover for CEFC China Energy Company in 2015 is over RMB263.1 billion. The company was awarded as Fortune 500 by Fortune China and the World's 500 Most Influential Brands by World Brand Lab. CEFC China Energy Company has also been named as the most influential in China and the most competitive enterprise in China.