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The Nexus
BUSINESSAug 4 · 23:00 UTCSCMP WORLDPeggy Ye

Innovation platform buys Hong Kong office tower as state-linked buyers seek bargains

An innovation platform backed by Ningbo’s city government acquired the Konnect office building in Wan Chai, Hong Kong, for HK$800 million. Analysts suggest this reflects growing interest from mainland government-linked institutions in Hong Kong’s commercial property market, which remains depressed.

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Mentioned
Yonggang Science and Technology Innovation CentreorganizationNingbo’s city governmentorganizationKonnect office buildingplaceWan ChaiplaceHong KongplaceLand Registryorganizationmainland government-linked institutionstopic
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