8 properties with long-term leases to McDonald's are publicly tendered for sale, with a total market value of 1.2 billion

Jones Lang LaSalle has been appointed as the exclusive agent by the owner to publicly auction 8 retail properties located in prime areas of Hong Kong, which come with long-term leases from McDonald's. The total market value of this batch of properties is approximately HKD 1.2 billion, and buyers can choose to bid for the entire batch or any individual property. The bid submission deadline is noon on September 16.

The property portfolio includes eight McDonald's restaurants, located in high foot traffic areas such as Tsim Sha Tsui, Causeway Bay, Mong Kok, Kennedy Town, Tai Kok Tsui, Yuen Long, Tsuen Wan, and Chai Wan, with market areas ranging from approximately 6,800 to 19,000 square feet, the largest being the basement and ground floor of Star House in Tsim Sha Tsui. These assets have been held by the current owner for several decades.

The overall occupancy rate of the property portfolio is 100%, and it will be sold with the leases intact. In addition to some properties exclusively leased to McDonald's, there are also units that have introduced other retail tenants, such as 7-Eleven and pharmacies, to diversify rental income.

The seller is McDonald's Corporation, headquartered in the United States, and emphasizes that McDonald's restaurants will continue to operate in these properties with no plans for changes. Jones Lang LaSalle indicates that there are already several potential buyers expressing interest in the project