
Amazon unit and Shorea Capital latest to snap up assets in the city
Foreign investors continue investing in Hong Kong's commercial real estate, with Amazon and Shorea Capital acquiring local assets, including The Pemberton in Sheung Wan.
AI-generated summary
The Pemberton is a mixed office and retail property in Sheung Wan previously acquired in 2010 for about HK$344.34 million.
Foreign investors continue to pile into Hong Kong’s commercial real estate, with a unit of online retail giant Amazon and Singapore-headquartered Shorea Capital among the latest to snap up assets, according to agents.
Shorea won the tender for The Pemberton, a mixed office and retail property in Sheung Wan, for an undisclosed amount, Colliers said, underscoring Southeast Asian investors’ continuing robust demand for real estate assets in Hong Kong. Colliers was the lead agent and broker for the transaction.
The property, with a gross floor area of 5,388 square metres (58,000 square feet), was last acquired by AEW Via HK 1 Limited for about HK$344.34 million (US$43.9 million) in a deal registered in 2010, according to the Land Registry.
Colliers said Shorea plans to submit applications for the conversion of the 24-storey commercial building into high-quality living accommodation.
AI outlook — possibilities, not facts
Shorea will submit applications to convert The Pemberton into high-quality living accommodation.
Very likely · Within months

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