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Taking a stake in the colony

Language: English Series: Financial Times ; 28 May 1992, 23 | Times ; 28 May 1992, 21(2)Publication details: 1992Subject(s): Summary: Hongkong Land Holdings, property arm of Jardine Matheson, has agreed to sell its newest development in Hong Kong`s central business district for HK$3.8bn setting new price levels for the colony`s commercial sector. The buyer is a consortium of Chinese and Hong Kong companies with financial backing from the municipal governments in China`s Pearl River delta.

Hongkong Land Holdings, property arm of Jardine Matheson, has agreed to sell its newest development in Hong Kong`s central business district for HK$3.8bn setting new price levels for the colony`s commercial sector. The buyer is a consortium of Chinese and Hong Kong companies with financial backing from the municipal governments in China`s Pearl River delta.