A central retail store has been bought by the Swiss heir in a “rare” move in the Hong Kong market G trends

In a rare market move, a long-time local developer has sold a central retail store that had been owned for more than 50 years to the heir to Swiss lingerie maker Triumph, according to data from the Land Registry, a deal analysts described as “highly unusual.” Using international capital to acquire local retail assets in Hong Kong is uncommon. Triumph International did not immediately respond to a request for comment from the South China Morning Post. The deal included a commercial store on the ground floor in…