Bowen Hill Apartments [????-1997]
10-12, Peak Road.
Demolition date from this page:
The last remaining principal investment asset of Paladin Ltd appears to be in serious trouble and, presumably, the publicly listed company has not enough money to continue with its redevelopment.
The asset to which TARGET is referring is Bowen Hill Apartments, situated at Number 10-12, Peak Road, Hongkong, where, according to the 1998 Annual Report of the Company, it was to be redeveloped by Paladin into a luxury complex.
The Interim Report of Paladin made mention of this ‘luxury’ property, stating: ‘The ‘re-development project is progressing according to schedule:- Demolition of the old buildings was completed in August 1997 and site formation and piling work had been fully completed by January 1999. According to the latest estimate of our architects, the whole re-development will be completed in 2000.’