AmProp eyes Hong Kong property market

Amcorp Properties' strategy is to acquire properties in prime central London for value-add or redevelopment into upmarket and highly coveted properties.

PETALING JAYA: Amcorp Properties Bhd (AmProp) is looking to venture into Hong Kong’s property market through a collaboration with Grosvenor Asia Pacific Ltd.

In its filings with Bursa Malaysia, the property development and engineering services company said its wholly owned subsidiary - Amcorp Orient Ltd - had on Wednesday entered into a co-investment agreement with Grosvenor to form a joint-venture company (JVco) known as GDPHK Holdings Ltd for the purpose of investing in a portfolio of value-add as well as redevelopment and development projects in Hong Kong.