HK Land, City Prop team up

HONGKONG Land Ltd, the largest commercial landowner in the central business district in Hong Kong, is teaming up with City Properties Sdn Bhd (City Prop), developer of luxury retail centre Avenue K in Kuala Lumpur, to provide its renowned brand of retail management services. 

The partnership was not likely to end there, sources said, pointing to the possibility of an equity stake by Hongkong Land, which owns a dozen top quality commercial buildings in Central, Hong Kong.