Hong Kong’s biggest Q1 industrial transactions revealed 

One was a deal worth HKD590 million.

More new industrial lettings emerged in April, according to JLL. For instance, BYD Audio committed 65,096 sq ft in Sunshine Kowloon Bay Cargo Centre.

In terms of industrial transactions, one notable sale was recorded in April. JLL revealed that Mapletree Logistics Trust sold Mapletree Logistics Centre Fanling for HKD 590 million (HKD 4,295 per sq ft). The current tenant was a third-party logistics operator. The yield is estimated to be 3.2%. 

Two data centres in Kwai Chung received their Occupation Permits in February, namely HK1 developed by GDS and HKG8 operated by BDx. The two new completions will provide 423,690 sq ft of GFA with the total power capacity of 46 MW.