Home 禄 Business 禄 Real Estate
Shui On's portfolio to expand
By Cherry Cao |
January 11, 2013, Friday
|
Print Edition
Print Edition
SHUI On Land Ltd, a developer controlled by Hong Kong billionaire Vincent Lo and best known for its Xintiandi projects in Chinese cities, will see its commercial property portfolio more than double within the next few years.
The Hong Kong-listed company will add another 1 million square meters of commercial real estate, worth nearly 40 billion yuan (US$6.4 billion), over the next two years, according to Chairman Lo, who unveiled the second phase of Corporate Avenue, a premium office development in downtown Xintiandi, yesterday.
Featuring some 100,000 square meters of premium offices and 50,000 square meters of retail space, Corporate Avenue Phase II, worth an estimated market value of about 12 billion yuan on completion, is set to be delivered by the end of 2014. It may yield an annual rental income of 600-700 million yuan, Shui On said.
The developer has an existing commercial real estate portfolio of 630,000 square meters, or 28 billion yuan in combined value, on the Chinese mainland.
The Hong Kong-listed company will add another 1 million square meters of commercial real estate, worth nearly 40 billion yuan (US$6.4 billion), over the next two years, according to Chairman Lo, who unveiled the second phase of Corporate Avenue, a premium office development in downtown Xintiandi, yesterday.
Featuring some 100,000 square meters of premium offices and 50,000 square meters of retail space, Corporate Avenue Phase II, worth an estimated market value of about 12 billion yuan on completion, is set to be delivered by the end of 2014. It may yield an annual rental income of 600-700 million yuan, Shui On said.
The developer has an existing commercial real estate portfolio of 630,000 square meters, or 28 billion yuan in combined value, on the Chinese mainland.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
