Gemini Investments (Holdings) Limited (174) has disclosed a major transaction involving the sale of three office buildings located at 15, 22, and 25 Century Boulevard in Nashville, Tennessee. The total consideration for the disposal is US$30 million, equivalent to approximately HK$235.5 million. The properties, collectively offering a net rentable area of roughly 382,164 square feet, had an unaudited carrying value of about US$32.38 million (approximately HK$254.18 million) as of 31 October 2025.

According to the announcement, the disposal aligns with a strategy that focuses on selected major markets on the East and West Coasts of the United States. The transaction was executed through a purchase and sale agreement dated 26 November 2025 with an independent third-party buyer, Evelyn Capital LLC. Following the conclusion of due diligence, the disposal closed on 19 December 2025.

The transaction is classified as a major transaction under Hong Kong listing rules, and written approval has been obtained from certain key shareholders, including Estate Spring and Grand Beauty. As stated in the announcement, the net proceeds of roughly US$28.39 million (about HK$222.87 million), after expenses and taxes, will be allocated to loan repayment, performance-based fees, and distributions to limited partners. The group expects to record a net loss of approximately US$2.69 million (about HK$21.08 million) as a result of the sale.