EconomyMcDonald’s sells Hong Kong shop for US$15.3 million as ‘old money’ returns to retail
As “long-dormant old money” returns to Hong Kong’s retail property market, McDonald’s has sold the property housing its first New Territories restaurant for HK$120 million, or US$15.3 million. The Tsuen Wan Market Street site was bought by Keen Charm Holdings (HK) Limited, extending the company’s year-long sell-down of self-owned shops.
McDonald’s sells Hong Kong shop for US$15.3 million as ‘old money’ returns to retail
Economy