Wing Tai Property's Subsidiary Plans £26.25 Million Sale of London Property

Deep News

Jan 26

Wing Tai Properties Limited (00369) has announced that on January 23, 2026, the seller (the company's indirectly wholly-owned subsidiary, Nation Smart Limited) entered into a contract. Under this agreement, the seller has conditionally agreed to sell, and the buyer, Berkeley Square (UK) Holdings Ltd, has conditionally agreed to purchase the property for a consideration of £26.25 million. The net proceeds from the sale are expected to be approximately HK$255 million, which are intended to be used as general working capital for the Group. The property refers to the leasehold property at 35 Berkeley Square, London.

The Group continuously monitors the market environment and periodically reviews its property investment portfolio to maximize returns for shareholders from its property investment business. The Directors believe that the sale presents a favorable opportunity for the company to realize its investment at a reasonable price.

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