[ET Net News Agency, 22 July 2019] The Hongkong and Shanghai Hotels, Limited (00045)
said its subsidiary Peninsula London, LP has agreed to sell a property to Hyde Park
Properties Limited (the buyer) at a consideration of GBP28.75 million (approximately
HK$281 million).
The property is a unit on an upper floor of The Peninsula London Residences, 1-5
Grosvenor Place, Belgravia, London, the United Kingdom. The Peninsula London Residences
comprises 26 luxury residential apartments, which are currently under construction as part
of the London Project. All of the apartments are being offered on sale.
The buyer is a company beneficially wholly-owned by The Hon. Sir Michael Kadoorie, a
non-executive chairman and a substantial shareholder of the company. (RC)