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Case Study | Le Hoteru: Brokerage


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Location (City)

Asset Type

Transaction Date

Size (Sqm)

Value (USD)

Kai Tak

22 July 2021

48.72 million


Buyer: Weave Living

Seller: Yeung Family

Services provided: Brokerage


The Challenge

The acquirer had indicated an interest in the asset since 2020, and they were keen to acquirer the asset at a bargain sale from the existing owners.

There was, however, a price expectation gap, with the owners of the asset, who were an ultra-high net worth family, and who were firm on their sale price.

Additionally, there were additional legal and financial hurdles during transaction discussions, that had to be overcome.

The Strategy

As the owner was firm on pricing and were able to hold onto the asset for the long term, Colliers worked with the acquirer to meet the minimum price set by the owners.

Based on in-depth studies on the location and the improving infrastructure improvements around the asset location, Colliers advised the acquirer on the potential and future returns of the asset.

The Solution

The acquirer eventually adopted a leveraged approach and partnered with Angelo Gordon as an additional investor, to allow them to meet their financial metrics

Colliers additionally worked with both the acquirer and the owner to ensure that all legal hurdles were crossed and that all parties were satisfied with the various arrangements made.

The Result

The Formal Sales and Purchase Agreement for the asset was entered into on 22 July 2021 and the sale was successfully completed on 31 August 2021.


"We are excited to work with Colliers again to complete our sixth property acquisition. Weave is committed to contributing the success of Hong Kong by creating accommodation which meets global standard. With this acquisition, we are set to provide residential options in the Kai Tak area to meet its growing housing demand."

Sachin Doshi, CEO, Weave Living


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