McDonald's has sold its Quarry Bay shop for HK$110 million, marking its latest property disposal after offloading seven shops since October last year.
This property, which is located at Shop 1 on the upper ground floor of Parkvale Place on King’s Road in Quarry Bay, was acquired by Uni Investment Development.
The US fast-food giant originally purchased several ground- and upper-ground-floor units in Parkvale Place in 1989 for HK$150 million.
In 2021, it sold a 22,527 square feet upper-ground-floor shop to Vivien Chan Wan-wan, founder and chairwoman of The V Group, and former chairman of the Estate Agents Authority, for HK$260 million.
The company planned to sell all 23 of its stores in Hong Kong in the middle of last year, with a market value of around HK$3 billion.
