Fast-food chain McDonald’s (NYSE:MCD) is planning to sell eight prime retail properties in Hong Kong with a total market value of around HK$1.2 billion ($152.89 million), JLL, which has been appointed as the sole agent of the sale, said on Monday.
The McDonald’s outlets in the locations will continue to operate, JLL executive director of capital markets Eunice Tang said in a statement, according to several media reports.
In a separate statement, McDonald’s (NYSE:MCD) said it continually reviewed its property portfolio and that the Hong Kong sites were available for sale as part of that assessment.
