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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (487)	3/5/2001 10:44:26 PM
From: ms.smartest.person	Read Replies (2) of 2248

PCCW may sell Telecom Tower office space lease rights for 3 bln hkd: report 2001-02-27 Terms and Conditions Pacific Century CyberWorks Ltd will consider selling the lease rights on its Telecom Tower office space in Taikoo Place if it receives an attractive offer, Ming Pao Daily reported, citing market sources. The paper said some of the company's offices will move to CyberPort in two years and as a result it will need less space at Telecom Tower. Some developers and fund management houses are expected to be interested in the Telecom Tower office space, including Swire Pacific, the source said. However, this has been rejected by a Swire Pacific spokesperson. The newspaper said the current market value of the lease is about 3 bln hkd but it is expected to be reduced to about 2 bln, given the large floor area and the long period covered by the lease. pl//jv For more information and to contact AFX: www.afxnews.com and www.afxpress.com Terms and Conditions Copyright© 2000 LEXIS-NEXIS, a division of Reed Elsevier Inc. All rights Reserved. quamnet.com

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