Business

Owner of iconic Jumbo floating restaurants to sell 509-bay car park for US$64.5 million amid record prices for vehicle bays



Melco International Development, the owner of the iconic Jumbo Kingdom floating restaurants, is seeking to sell an eight-storey car park in Hong Kong, as renewed speculative interest in vehicle parking bays amid record prices created a second chance to divest the asset.The Jumbo Court Carpark, owned by Melco’s subsidiary Aberdeen Restaurant Enterprises and attached to a residential building near the Wong Chuk Hang subway station, has the capacity for 509 cars. Melco, chaired by Lawrence Ho Yau…



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