Hongkong Land - DBS Research 2025-04-25: Partial Divestment Of One Exchange Square; Kills Two Birds With One Stone

• Hongkong Land has agreed to sell the top nine floors and retail space on Level 1&2 of One Exchange Square to Hong Kong Exchange and Clearing Ltd (HKEX, 388 HK) for a total consideration of HKD6.3bn or HKD42,850psf.

First major asset recycling initiative unveiled.

• - Read this at SGinvestors.io -
• Spanning across levels 42 to 50, the office space is set to be HKEX’s permanent headquarters in Hong Kong, while the retail area will be transformed into an immersive, experience-led entrance for the company, providing direct connectivity to the Connect Hall and the top floors of the building. Total saleable area reached 147,025sf.

Permanent headquarters for HKEX.

• - Read this at SGinvestors.io -
• Elsewhere, HKEX will enter into a new long-term lease for ~63,000sf (lettable area) space in Two Exchange Square, expanding its total footprint modestly in Exchange Square.

Attractive exit yield.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2025-03-10 Hongkong Land - New Lease Of Life, Dividend Hike A Positive Surprise..

Price targets by other brokers at Hongkong Land Target Prices.

Listing of research reports at Hongkong Land Analyst Reports.

Relevant links:
Hongkong Land Share Price History,
Hongkong Land Announcements,
Hongkong Land Dividend Payout Dates & Corporate Actions,
Hongkong Land News