What makes McDonald’s assets stand out amid a weak Hong Kong retail property market?

One year after McDonald’s began selling its self-owned Hong Kong shops, the fast-food giant has found buyers for nearly half its portfolio even as the city’s retail property market endures its weakest spell in decades. McDonald’s planned to dispose of all 23 shops in phases, market sources said, with the portfolio initially valued at about HK$3 billion (US$382 million). Since launching the disposal plan with JLL in July last year, the chain had sold 11 properties for more than HK$900 million –...