New World Development (HKG:0017) could ease its debt burden via the reported sale of its flagship 11 Skies airport mall in Hong Kong, the South China Morning Post reported, citing a report from UBS.
According to the Swiss bank, the disposal could be a "positive catalyst" for the real estate developer.
Bloomberg News previously reported the company had held preliminary discussions with the Airport Authority of Hong Kong regarding the disposal.
The asset is being valued at between HK$15 billion and HK$17 billion, compared to New World's HK$20 billion investment in the project, according to Bloomberg.
Discussions on the 11 Skies deal are said to be in early stages and may be subject to change.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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