McDonald’s sells first Hong Kong property in US$154 million asset-disposal plan

McDonald’s Corp has sold a shop in Yuen Long via public tender for HK$77.4 million (US$9.9 million), the fast-food chain’s first since it announced an asset-disposal plan in July.

The three-storey, 9,695 sq ft property in Yuen Long Trade Centre was handed over to the buyer, Acc Investment, on Monday, according to data from the Land Registry.

McDonald’s did not immediately respond to a request for comment.

The sale fetched the company more than eight times its investment of HK$9.3 million in 1987.

McDonald’s Restaurants (Hong Kong) renewed a 20-year lease for the shop in 2016, with the company said to be paying a monthly rent of HK$460,000, according to official data and local media reports.

McDonald’s operates 265 outlets in Hong Kong. Photo: Google Maps
McDonald’s operates 265 outlets in Hong Kong. Photo: Google Maps

In late July, the Chicago-based group announced the sale of eight Hong Kong retail properties – valued at an estimated HK$1.2 billion – giving investors a rare opportunity to own fully tenanted assets amid a review of its local real estate portfolio.

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