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Hang Lung's portfolio to grow over 6 years
By Cherry Cao |
November 29, 2012, Thursday
|
Print Edition
Print Edition
HANG Lung Properties Ltd, a Hong Kong-based premium commercial real estate developer, will more than double its portfolio in the Chinese mainland in the next six years, the company said yesterday.
The developer, one of the largest in Hong Kong by market value, will add another 1.6 million square meters of top-grade commercial space to its existing mainland portfolio of 1.2 million square meters between 2013 and 2018, according to Chairman Ronnie Chan.
"We will continue to focus our attention on building and managing prime-located world-class real estate properties in major Chinese cities," Chan said yesterday at the ground-breaking ceremony of Spring City 66, a 10-billion-yuan (US$1.58 billion) mixed-used development in downtown Kunming, capital of Yunnan Province. "We wish to extend our footprint to more parts of the country and will always remain keen to grasp any good opportunities available to us."
Covering 56,000 square meters and with a total buildup area of over 400,000 square meters, Spring City 66 is set to be completed starting in 2018. The project features a 300-meter-high Grade A office tower, an 80,000-square-meter mall and serviced apartments.
The developer, one of the largest in Hong Kong by market value, will add another 1.6 million square meters of top-grade commercial space to its existing mainland portfolio of 1.2 million square meters between 2013 and 2018, according to Chairman Ronnie Chan.
"We will continue to focus our attention on building and managing prime-located world-class real estate properties in major Chinese cities," Chan said yesterday at the ground-breaking ceremony of Spring City 66, a 10-billion-yuan (US$1.58 billion) mixed-used development in downtown Kunming, capital of Yunnan Province. "We wish to extend our footprint to more parts of the country and will always remain keen to grasp any good opportunities available to us."
Covering 56,000 square meters and with a total buildup area of over 400,000 square meters, Spring City 66 is set to be completed starting in 2018. The project features a 300-meter-high Grade A office tower, an 80,000-square-meter mall and serviced apartments.
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