McDonald’s Hong Kong Unit Acquired by Huge Power — Real Estate M&A

Huge Power (China) has completed the acquisition of McDonald’s Restaurants (Hong Kong), a property management business in Hong Kong, for US$11.9 million. Huge Power (China) acquisitions focus on retail real estate services, while McDonald’s Restaurants (Hong Kong) acquisition supports ongoing fast-food operations at a ground-floor shop in Mount Sterling Mall, Mei Foo Sun Chuen, Lai Chi Kok near an MTR exit. McDonald’s Restaurants (Hong Kong) acquisition is structured as a divestiture acquisition with a 20-year leaseback tenancy running until 2036, supporting continuity for the restaurant site. The strategic acquisition is a real estate services M&A divestiture acquisition by a strategic buyer, extending McDonald’s asset sell-down in Hong Kong as rents remain subdued.