By Cheryl Arcibal
Hong Kong鈥檚 Lingnan University has acquired commercial assets in a residential building in New Territories, joining a number of schools and universities that have snapped up real estate assets amid a slump in values.
The university bought the shopping arcade, ground floor shops and a car park in the T-Plus residential tower for about HK$120 million (US$15.3 million), a 40 per cent discount to the asking price of HK$200 million, according to agents. The asset has a total gross area of 39,228 sq…