BOND INTERNATIONAL SELLS H.K. RESIDENTIAL BUILDING
<Bond Corp International Ltd> said it
has sold a residential block at Hong Kong's mid-levels to a
joint venture between Sun Hung Kai Properties Ltd <SHKP.HK> and
<New Town (N.T.) Properties Ltd> for 138 mln H.K. Dlrs.
    Bond International, a subsidiary of the Australia based
Bond Corp Holdings Ltd <BONA.S>, will receive net profits of
about 16 mln dlrs from the deal.
    The firm bought the building, which has total floor spaces
of 110,580 sq ft and is now fully let, as part of a parcel of
properties which it acquired from Hongkong Land Co Ltd
<HKLD.HK> for 1.43 billion dlrs late last year.
 REUTER
