Property

Liede Integrated Commercial (Operating Lease) Project

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The Group will be responsible for fitting out and equipping this development. Once construction work has been completed, the premises will be leased to the Group under an operating lease. It will begin paying rent to the landlord when the complex's business operations commence. Construction started in the second half of 2011 and it is due to be completed in 2015.*

Address
Zhujiangxincheng, Guangzhou CBD, PRC
Nature of Development
A high-quality commercial complex
Total GFA
Around 230,000 square metres (including basement car parks)
Planned Investment
Not less than RMB1 billion
Landlord
Guangzhou Liede Economic Company Limited
Tenant
A subsidiary wholly owned by the Company
Investment Structure
Operating lease of the buildings with landlord
*Present planning, subject to change
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