IFC 2 gets finance

A huge syndicated loan has been signed for the equally huge IFC 2 property development in Hong Kong.

Central Waterfront Property Development has closed a HK$7 billion $897 million syndicated term loan that will finance the construction of a massive new tower block on Hong Kong island. The borrower is a consortium made of leading Hong Kong companies. Its shareholders are Sun Hung Kai Properties SHKP which owns 47.5%, Henderson Land development which owns 32.5%, Hong Kong and China Gas which owns 15% and Bank of China Group Investment which owns 5%

The loan will be used for the construction of the International Finance Centre IFC Tower 2. IFC 2 is being built on reclaimed land next to Hong Kong station and...

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