Wheelock (0020) has reportedly received offers from mainland companies for a building at its commercial project in Hung Hom One Harbour Gate East in a presale for about HK$5 billion, or HK$17,800 per square feet.
Sources say at least five mainland and foreign financial institutions are interested in buying the 15-story building.
They include Bank of Communications (3328), Hainan International Investment (521), Fosun International (656), and Industrial and Commercial Bank of China (1398).
One Harbour Gate East, located at 18 Hung Luen Road in Hung Hom, will have a gross floor area of about 282,000 square feet.
If it fetches HK$17,800 psf, the transaction will set a record for class-A commercial buildings in Kowloon East.
A representative from Wheelock has confirmed that potential buyers are in contact with the developer regarding the potential purchase of One Harbour Gate East, but no deal has been reached.
In November, Wheelock sold One Harbour Gate West another 15-story building under construction to mainland insurer China Life Insurance (Overseas) Co (2628) for HK$5.86 billion.
One Harbour Gate West occupies a gross floor area of around 357,000 sq ft.
The twin-tower One Harbour Gate project was started by Wheelock in December 2013, and is scheduled for completion by the end of this year.
The total gross floor area of the entire project will reach 675,000 sq ft. DOMINIQUE NGUY
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