McDonald's sells Tai Po shop for HK$126mln

McDonald's has sold its Tai Po shop to Malaysia-based developer MB World Group Berhad for HK$126 million, marking its third property disposal since June.

Located on the ground floor of Fortune Plaza on On Chee Road, the property spans about 8,566 square feet.

The US fast-food giant originally acquired the property in 1988 for HK$19.29 million, marking a capital gain of HK$107 million after a 38-year holding period.

McDonald's has offloaded 11 properties in Hong Kong over the past eight months, raking in around HK$980 million.

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