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  5. Hang Lung Properties Acquires Spring City 66

M&A Deal Summary

Hang Lung Properties Acquires Spring City 66

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

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

M&A Deal Summary
Date 2012-11-28
Target Spring City 66
Sector Retail
Buyer(s) Hang Lung Properties
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Hang Lung Properties

Hong Kong, China
Category Company
Founded 1949
Sector Real Estate
Employees4,200
Revenue 10.3B HKD (2023)
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 STATS #
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
Mergr

Product

Company

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