Veteran investor snaps up 2 Hong Kong street shops as values remain well below peaks
Private equity veteran Ramon Lo has bought two ground-floor shops on Swatow Street in Wan Chai for HK$32.5 million (US$4.1 million), at a time when prices in the district remain about one-third below previous levels.
Land Registry records showed that the properties were acquired by Smart Golden Co, whose director is Lo, a partner and executive director at private equity and advisory firm Symphony Capital Partners.
Lo, a descendant of the Lo Hin-shing family, whose patriarch was among Hong Kong’s...