CLSA Capital sells Zing! mall for $2 billion
In this article (5)
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.
Questions & Answers
Q.Who bought the Zing! Mall building from CLSA Capital Partners?
Who bought the Zing! Mall building from CLSA Capital Partners?
The article states that an unknown buyer completed the deal for the Zing! Mall. No specific name or entity for the buyer is provided within the text.
Q.What was the previous name of the Zing! Mall building?
What was the previous name of the Zing! Mall building?
The Zing! Mall building was previously known as the Bigfoot Centre. It was rebranded and relaunched as Zing! In March 2015 after being refurbished by CLSA Capital Partners.
Q.When did CLSA Capital Partners originally acquire the building?
When did CLSA Capital Partners originally acquire the building?
CLSA Capital Partners bought the building, then known as Bigfoot Centre, in 2014. They paid $1.4 billion for it before undertaking refurbishment and relaunching it as Zing!
Q.How much space does the Zing! Mall building occupy?
How much space does the Zing! Mall building occupy?
The Zing! Mall building occupies 79,051 square feet of space. This is equivalent to 7,344 square metres, and is believed to be fully leased to various retail tenants.
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