Guangzhou Investment Acquires Another Two Plots of Lands in the Guangzhou University City

Hong Kong, 20 September 2009 Guangzhou Investment Company Limited ( Guangzhou Investment or the Company ) (HKEx Stock Code: 0123) announced that the Company has acquired, through its 95% owned subsidiary, the University City Property III ( UC Property III ) and the University City Property IV ( UC Property IV ) in Guangzhou City, Guangdong Province.

Guangzhou Investment acquired the UC Property III and the UC Property IV for considerations of RMB223 million and RMB204 million, respectively, on 20 September 2009. The UC Property III has a total site area of approximately 10,300 square meters and a permissible gross floor area ( GFA ) of up to approximately 32,100 square meters; whilst the UC Property IV has a total site area of approximately 8,500 square meters and a permissible GFA of up to approximately 26,600 square meters. Both plots of land are permitted for residential usage.

Back on 16 July, Guangzhou Investment already acquired for residential usage the UC Property I and the UC Property II for considerations of RMB355 million and RMB270 million respectively, with permissible GFA of up to approximately 50,000 square meters and 37,000 square meters respectively.

The total four plots of properties at University City (collectively the UC Properties ) have a total GFA of approximately 145,300 square meters with total land premium amounting to RMB1,052 million at a land cost of RMB7,239 per square meter. The UC Properties are adjoining each other and located in the business area in the University City, where there is a full array of good community facilities and taking a 5-minute walk to the University City South Station of Metro Line 4.

The Guangzhou University City has a total site area of approximately 43 square kilometers with 10 universities including Sun Yat-Sen University and South China University of Technology having already moved in. Total population amounts to 350,000 - 400,000. Such scale is equivalent to a medium-sized city.

Mr. Lu Zhifeng, Chairman of Guangzhou Investment, said, With good living environment and unrivalled geographical advantages in terms of transportation, environment, commercial and education, the investment in UC Properties is in line with the Company's investment objective.

Guangzhou Investment Company Limited
Guangzhou Investment Company Limited (the Company ) was listed in Hong Kong in 1992 and is one of the top 10 integrated property developers in Guangzhou. The Company s principal businesses include property development and the investment in and operation of toll roads, with its businesses mainly concentrated in the Guangzhou area. Two subsidiaries of the Company are independently listed in Hong Kong, of which GZI Transport Limited (HKEx Stock Code: 1052) was listed in 1997 and is principally engaged in the operation of toll road businesses, while GZI Real Estate Investment Trust (HKEx Stock Code: 0405) was spun off and listed in 2005 and is principally engaged in the operation of leasing properties.

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