The Group s Total Permissible GFA Increases to 10.87 Million sq.m.
The Qiaokou Parcel is located in Qiaokou District, Wuhan City, Hubei Province and is surrounded by three main city roads, which are Jinghan Boulevard, Yanhe Boulevard and Qiaokou Road. The Qiaokou Parcel has a total site area of approximately 105,000 sq.m. and a total permissible gross floor area of approximately 514,000 sq.
m. The price of acquisition is RMB2.82 billion, representing an acquisition price of RMB5,486 per sq.m. The Qiaokou Parcel has been approved for residential and commercial uses, of which commercial area and residential area shall account for 40% (including office, hotel, retailing and catering) and 60% of the total gross floor area respectively.
Mr. Lu Zhifeng, Chairman of Yuexiu Property, said, The acquisition of the Qiaokou Parcel represents an attractive investment opportunity to the Company. It is consistent with the Company s objective of strategically expanding its footprint into the Bohai Rim and central regions, in addition to its home base in the Pearl River Delta Region.
The Company is optimistic about investing in these vibrant regions which are witnessing substantial economic growth and favourable demographic shifts. The Board considers such a land acquisition strategy essential in implementing the growth vision of the Company.
Related News
Photos
More>>
trade
- Franshion Properties Celebrates Its Second Anniversary of Listing In Hong Kong
- Franshion Properties Selected as the Most Valued Listed Property Enterprise in
- Grand Hyatt Shanghai Becomes the First Five-star Hotel in Shanghai Receiving
- [Chongqing Times] Xu Jiayin: Charity shall be nation-wide It is suggested to
- [East Asian Economy & Trade News] NPC & CPPCC focus: The Richest Man Fell in
market
- [21st Century Economic Report]The net profit of Evergrande last year was 1.05
- [CCTV-2] Evergrande Town in Hefei Attracts Thousands of Customers at a Discount
- The Project of Tianjin Evergrande Metropolis Opened Grandly
- Chongqing Evergande Yayuan Launched to Market on New Year s Day Achieved the
- The foundation stone laying ceremony for Tianjin Evergrande Landscape City was
finance
- Wang Zhongfu, Member of the Standing Committee of CPPCC and Vice-director of the
- Jiang Yikang, Secretary of Shandong Provincial Party Committee, inspected the
- Grand Opening of Shijiazhuang Evergrande Oasis
- Delegation of China Real Estate Association Inspecting Taiyuan Oasis Project
- Mr. Wei Liucheng, Secretary of Hainan Provincial Party Committee, led the