A consortium led by Billion Development and Project Management has bought the 25-year-old Kowloon Bay International Trade and Exhibition Centre (Kitec), in a multibillion dollar project to erect office towers in one of Hong Kong’s most sought-after, up-and-coming commercial areas.The group of investors, led by privately held Billion Development plan to spend HK$20 billion – including the HK$10.5 billion (US$1.35 billion) for buying Kitec – to develop the complex into grade-A offices. The price…

Leave a Reply