China Merchants real Estate 290 million yuan Foshan take land

Source: Internet
Author: User
China Merchants Real Estate (000024) 24th announcement, July 23, the company's subsidiary Guangzhou Merchants Real Estate Co., Ltd. to participate in Germany Fung Property (Guangzhou) Co., Ltd. through the listing method, jointly obtained in the Foshan Nanhai District land use rights.  Block deal total price of RMB 580 million yuan, Guangzhou Merchants Real Estate Co., Ltd. will bear 50% of the premium payment. The plot is located in the South China Sea area of GUI A21 block a block, Nanping Road, the south Side, Foshan North Road West. Land transfer area of 30,186.8 square meters, building volume rate of not less than 2.5, not higher than 4.0, the use of urban housing for the compatible wholesale and retail use, the service life for urban residential land 70, wholesale and retail land 40. (Xing Bai Ying)

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