Sichuan Languang BRC acquired 50% equity in an office building in Hongqiao, Shanghai
On 29 April: Sichuan Languang Development Company Limited (600466.SH) announced that its subsidiary, Chengdu Xindu Languang Property Development Company Limited acquired 50% equity in an office building in Hongqiao, Shanghai for RMB300 million. Located at 578 Hongqiao World Centre, the project has a total gross floor area (GFA) of 20,349 sqm.
Ground breaking held for MixC Project in Nanchang
On 30 April: The ground breaking ceremony of the MixC Nanchang Project was recently held in Honggutan District, Nanchang. Developed by China Resources Land Limited (01109.HK), the project has a land area of 226,667 sqm and a total GFA of 474,600 sqm, including a shopping mall with a total retail area of 152,000 sqm. The project is scheduled for completion in 2021.
Yango Group raises RMB 2.1 billion through sales of office REIT product03
On 24 April: Yango Group (000671.SZ) announced in the official WeChat that the REITs on the first privately-owned company headquarters were successfully issued. With a planned total scale of RMB2.1 billion, it was oversubscribed by 2.51 times.
Greenland Group purchased three land plots in the west coast of Qingdao04
On 6 May: Three land plots in Huangdao District of Qingdao City were acquired by Greenland Haizhu (Qingdao) Real Estate Co., Ltd. for a total price of RMB664 million, featuring the introduction of Greenland High-speed Rail Commercial New City Project. Located on the west coast of Tieqishan Street, adjacent to the Qingdao West Railway Station Transportation Business District, the project has a total site area of 110,600 sqm or a planned total GFA of 430,800 sqm, reaching a total investment of RMB18 billion.
Vanke acquired a residential plot in Zengcheng, Guangzhou05
On 29 April: Vanke Group (000002.SZ) acquired a residential plot in Zengcheng, Guangzhou for RMB1.226 billion or a floor price of RMB10,114 per sqm. Located in Shajiao Village, Xiancun Town, Zengcheng District, the plot has a land area of 49,100 sqm and a total GFA of 136,200 sqm with a plot ratio of 3.
Chihe Plaza officially opened06
On 30 April: Chihe Plaza, CR Land (01109.HK)’s first project in Shen-Shan Special Cooperation Zone officially opened. As the phase one of Chihe Ecological Leisure Park Project, the retail complex is located to the east of Chishi River, the largest river in Shen-Shan Special Cooperation Zone, comprising various retail types including catering services, general retail and cinema. Developed by China Resources Land Limited, Chihe Ecological Leisure Park Project covers a land area of 320,000 sqm.