Yuexiu Real Estate (00123) issued an announcement on April 16, 2024, through Hangzhou Yile Industrial Investment Co., Ltd...
According to the Zhitong Finance App, Yuexiu Real Estate (00123) announced that on April 16, 2024, it successfully competed for the 151b-19 plot, Unit C070201, Zhongxing Community, Jing'an District, Shanghai with RMB 1,597 billion through public listing through Hangzhou Yile Industrial Investment Co., Ltd. (a subsidiary of the company that actually owns 95% of the rights).
The Zhongxing Community plot in Jing'an District of Shanghai covers an area of about 8168.22 square meters, with a total construction area of about 31933.2 square meters, of which the total construction area is about 204,20.55 square meters. The nature of the ZTE Community plot in Jing'an District of Shanghai is intended for residential use. Hangzhou Yile will sell a residential property built on the Zhongxing Community plot in Jing'an District, Shanghai.
The Zhongxing Community plot in Jing'an District of Shanghai is located in the Everbright section of Jing'an District, within the Inner Ring Road, about 1 km from the company's Jing'an Yue Project. The entire plot is fully furnished. In terms of transportation, it is close to Zhongshan North Road Station of Line 1, close to the Inner Ring Viaduct Road and the North and South Elevated Road, with convenient transportation; on the commercial side, there are multiple commercial complexes within 2 km, which can meet shopping and dining needs; in terms of education, it is 100 meters from Zhongshan North Road Primary School in Jing'an District, Shanghai, and about 1.1 km from Shanghai Shibei Junior High School. The north side is separated by Tongji University's Hubei Campus, with excellent educational resources; in terms of medical care, Shanghai Tenth People's Hospital, Shanghai Jing'an Hospital, Shanghai Jing'an District Central Hospital, etc. They are all about Within 1.5 km; in terms of landscape, Zhongxing Park and Zhabei Park are all within a walking distance of about 1.5 km.
The board of directors believes that the company's acquisition of the ZTE community plot in Jing'an District of Shanghai at a reasonable cost will increase the company's high-quality land reserves and help consolidate the company's strategic position in Shanghai.