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Mandarin Oriental in talks to sell units at One Causeway Bay to Alibaba for HK$7 bil

The Edge Singapore
The Edge Singapore  • 1 min read
Mandarin Oriental in talks to sell units at One Causeway Bay to Alibaba for HK$7 bil
One Causeway Bay is redeveloped from the former Excelsior Hotel in Hong Kong / Photo: CBRE
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Mandarin Oriental International, part of the Jardine conglomerate, confirms it is in talks to sell units at One Causeway Bay to Alibaba Group Holding.

According to the Hong Kong Economic Times, the deal involving 13 office floors in the property is worth some HK$7 billion.

CBRE, which lists this property on its website, says that One Causeway Bay has around 500,000 sq ft of office space across 24 floors and 55,000 sq ft of retail space in the 4-level retail podium.

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