Summary:
- China Merchants Commercial REIT and a BentallGreenOak-backed fund are acquiring The Quad, a 205-bed student hostel in Hung Hom, Kowloon, for HK$528.5m ($67m).
- The deal represents a significant discount to the original owner’s reported investment cost and reflects continued investor appetite for operational student housing in Hong Kong.
- The fully occupied asset sits near major transport links and higher-education institutions, supporting the city’s growing demand from non-local and mainland Chinese students.
Original article:
