Citic Project - Surname Name Course Tutor Date Citic Tower...

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Surname Name Course Tutor Date Citic Tower II Citic Pacific Limited has been faced by an investment opportunity that incorporates the purchase of an extremely fertile land (the prestigious Victoria Harbor together with an under-developed waterfront, prime site), next to its original office building. The fertility of the land is attributed to the fact that the company might be able to make use of it to construct its second tower, which would be turned into a grade A office building just like the current building. This spectacular site could attract several individuals into renting offices within the building. However, based on the fact that the real estate business has been undergoing a lot of cyclic hiccups within the recent years due to the Asian crisis, the investment is feared to yield less returns than the amount invested in developing it. In case the initial investment of about one billion HK dollars is needed to start the project

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