Yuexiu Property Wins Shanghai Jing'an Land Parcels for RMB7.74 Billion
Reuters
Oct 20
Yuexiu Property Wins Shanghai Jing'an Land Parcels for RMB7.74 Billion
Yuexiu Property Co. Ltd. announced that it has, through a consortium, successfully acquired land parcel 32-04 and the underground space of land parcel 32-08 in Jing'an District, Shanghai for RMB7.74 billion via open tender. The acquired site covers approximately 26,108 square meters with a gross floor area of about 153,943 square meters. Yuexiu Property will hold an effective 20% interest in the project, which is expected to enhance the company's land bank and strategic presence in Shanghai.
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