Add-on Acquisition • Retail

Hang Lung Properties Acquires Spring City 66

On November 28, 2012, Hang Lung Properties acquired retailer Spring City 66

Acquisition Context

This is Hang Lung Properties’ 1st transaction in the Retail sector.
This is Hang Lung Properties’ 1st transaction in China.

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M&A Deal Summary
Date	November 28, 2012
Target	Spring City 66
Sector	Retail
Buyer(s)	Hang Lung Properties
Deal Type	Add-on Acquisition

Target Company

Spring City 66

Kunming, China

Spring City 66 occupies the core of the upcoming central business district. The project, a mixed-use complex with a total gross floor area of approximately 433,500 square meters, comprises a world-class shopping mall, a Grade A office tower and serviced apartments.

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Buyer Overview 1

Buyer

Hang Lung Properties

Hong Kong, China

Category	Company
Founded	1949
Sector	Real Estate
Employees	3,862
Revenue	11.2B HKD (2024)

DESCRIPTION

Hang Lung Properties is an extensive real estate portfolio, as well as building, owning and managing world-class commercial complexes in key cities on the Mainland since the 1990s. Hang Lung Properties was founded in 1949 and is based in Hong Kong, China.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Retail	1 of 1
Type: Add-on Acquisition	1 of 1
Country: China	1 of 1
Year: 2012	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2012-10-19	Stanhope House Quarry Bay, China Stanhope House a model housing estate in hong kong.	Sell	HK$2.4B

DATE

TARGET

DEAL TYPE

VALUE

2012-10-19

Stanhope House

Quarry Bay, China

Stanhope House a model housing estate in hong kong.

Sell

HK$2.4B

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