CLSA Capital sells Zing! mall for $2 billion

CLSA Capital Partners has sold the 27-storey Zing! mall building in Causeway Bay for HK$2.1 billion (US $268.6 million).

An unknown buyer completed the deal by paying $1.1 billion after selling The L. Plaza in Sheung Wan to CLSA for $1 billion

Zing!’s 79,051 sqft (7344 sqm) of space is believed to be fully leased out to retail tenants including F&B, beauty salons, gyms, clubs and karaoke venues. It is next to Times Square Hong Kong.

CLSA Capital Partners bought the building, formerly known as Bigfoot Centre, in 2014 for $1.4 billion.

After being refurbished, it was relaunched as Zing! in March 2015. The private equity arm of CLSA put Zing! on sale via public tender in May.