WSJ - Markets

World Record $5 Billion Skyscraper Sale a Tall Order

Hong Kong’s richest person Li Ka-shing is selling the city’s center—literally.

The billionaire’s property firm CK Asset has agreed to sell its stake in The Center, a 73-storey skyscraper in Hong Kong’s central business district, for $ 5.15 billion, making it the world’s most expensive commercial building ever. The sale continues Mr. Li’s retreat from China and Hong Kong in recent years as he invests in sectors like utilities in developed markets such as Australia and the U.K. Last year, he sold a commercial property project…

WSJ.com: Markets

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