Capital & Counties Properties has said it is in talks with a firm controlled by one of Hong Kong’s richest families to sell its interest in Earls Court. Capital & Counties Properties has said it is in talks with a firm controlled by one of Hong Kong’s richest families to sell its interest in Earls Court. Earls Court development could be sold to Hong Kong billionairesThe group said that it has received a number of proposals in relation to the Earls Court redevelopment project, including from CK Asset Holdings, the Hong Kong property developer controlled by billionaire Li Ka-Shing’s family. “This includes discussions with CK Asset Holdings Limited regarding a conditional proposal for the sale of substantially all of Capco’s interests in Earls Court Properties.”The Earl’s Court luxury redevelopment project was last valued at £707 million, although this is down from £1.4 billion in 2015. Capco has already completed the demolition phase of the Earls Court development.

Source: Irish Independent November 05, 2018 16:07 UTC