Traditional industrial areas have been evolving as new business hubs. Revitalization of industrial buildings is not only a market movement, but also brings solutions for safety use of premises and unifies mixed users in industrial blocks. Under the policy of revitalizing industrial properties, qualified buildings may capture the incentive of nil waiver fee through wholesale conversion.
Being an active player in industrial market for over two decades, Mr James Siu is the Head of the Kowloon office of Savills (Hong Kong) Limited. He specializes in major industrial investment deals and concluded the transaction of Tsuen Wan Development Site in HK$875M in late 2010, which is the largest industrial site transaction in Hong Kong. Mr Raymond Pun is experienced in asset management and enhancement. He advises investors to grasp this treasure opportunity and concluded whole block investment transactions in Kowloon East and Kwai Chung.
James and Raymond will share their market intelligence with members and analyze industrial investment market under the light of revitalization policy. The sharing will be illustrated by practical case studies. The speakers will also share their successful experience in dealing with strata-title ownership, which is well recognized as a hurdle of revitalization.