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Yuexiu Property Co Ltd Announces Land Acquisition


Thursday, 10 Jan 2013 06:36am EST 

Yuexiu Property Co Ltd announced on January 10,2013, the Company acquired four parcels of land located at Lin’ an, Hangzhou, Zhejiang Province (namely “Parcel No.1”, “Parcel No.2”, “Parcel No.3” and “Parcel No.4”, collectively referred to as the “Hangzhou Lin’ an Phase IV Land Parcel”) with a total site area of approximately 161,597 sq.m. and a total permissible gross floor area of approximately 292,678 sq.m. by way of open tender through its 100%-owned subsidiary for a total consideration of RMB339,360,000. The average land cost amounted to approximately RMB1,160 per sq.m.. As of the date of this announcement, the Company’s total land bank of the Company was approximately 14.55 million sq.m. (GFA). 

Company Quote

1.75
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3:59am EDT