Decimating the vast number of Guangdong Pathfinder commercial Real Estate in Chengdu, the biggest rotten tail building salted fish?

Known as "Asia's first Mall" Chengdu "Panda City" in the 16 years after the usher in a turnaround. July 9, from Guangdong's regional department store leader Guang Hundred shares and Guangdong Real Estate, one of the five tigers of the decimating real Estate group signed, to Guangdong Province, the first department stores in the main store of the posture of Chengdu decimating the Sky Hui M all.　　According to Zhu Rongbin, general manager of the real estate in South China revealed that the assets of the days of all the predecessor of Chengdu Panda Mall, referred to as "Panda City", is the most famous uncompleted building. Guang hundreds times out of Guangdong "2006 has been in contact with the Panda city, but for the preparation of the listing and missed." "Broad hundred shares general manager Huangyongzhi disclosed, this and the decimating contact very short time will finalize the cooperation." Guang Hundred shares in April this year set up the east and West two regions, the east to Huizhou as a "bridgehead" to Guangdong Chaoshan area and Jiangxi, Hubei, Fujian extension, while the west to Zhanjiang, Maoming, Guangxi, Sichuan, Chongqing, Yunnan, Guizhou radiation.　　This expansion, is the first time to cross the Guangdong foreign expansion. According to reports, Chengdu Qingyang District M A ll located in Chengdu City Luoma business District, the overall construction area of 600,000 square meters, of which commercial area of 200,000 square meters, set shopping malls, five-star hotels, boutique apartments and many other elements in one. Canton Hundred This lease days, A ll two to four floors of some commercial areas, operating area of about 20,000 square meters.　　Huangyongzhi revealed that the lease period of 15 years, the rental period of the minimum guaranteed rent and property management fees of about 418 million yuan, is expected to open the end of this year.　　Panda City ills but Panda city is ills. It is reported that once ranked Forbes China's richest list of the second Chen Yuquang investment 1.4 billion yuan in commercial real estate "fever" period to build this 500,000 square meters of Asia's first M A LL. But since 2002 opened, because the investment issue has been difficult to have popularity. 2005, Shenzhen Tongluowan and Panda City contracted, export brand operation and in the year of October business.　　But with Tongluowan's dismal ending, Panda City trial for some time. September 2006, the 1.8 billion yuan in the red Panda City Two, the start of the history of Danny International apartment, and in August 2008 began sales. But people familiar with the matter told reporters that Sabres international apartment sales did not reach expectations.　　But the 4 high star hotel, Beijing Fuli Plaza Shopping Center in 2008, in view of the uncertain impact of the financial crisis, the group adjusted the next stage of the pace of investment in property development. "At present, the Fuli has taken over all one or two projects in Panda City, the renovation project has lasted nearly two years." "Decimating insiders revealed that Chengdu's social consumption in the economic crisis in the strong performance, so that the capital in the face of difficulties still accelerated the progress of the project. "The company has invested billions of heavily in the hope that this project will be reborn."　　"Sequelae" of the risk but, "Panda City" sequelae can not because of the decimating, wide join and easily ignored. A person familiar with the matter told reporters that the project three floors undergroundCommercial properties have been sold, at that time, the Panda City promised 10% annual earnings, currently in accordance with the 10% annual yield to repay the owners. But Panda City in the business district is in Chunxi, salt City mouth and Luoma three big business Circle, the latter accumulated more than 12 large department stores retail stores.　　If the day sinks m A will not be able to in the short term from the existing business district layout in the soup, decimating the real estate would bear a heavier return to rent pressure. and GF Securities analysts believe that Canton 100 stores of the minimum guaranteed rent and the cost per square metre of the monthly costs of 78 yuan, the third year rental ratio reached 6%, the rental cost is higher, accounting for the company's operating costs ratio in 62%, is expected to have a certain operating pressure. Although the company has previously had a high rent operating stores experience, but because this is the first time to expand off-site, and far away from the department, the future is facing more unknown factors, it is expected that the company's annual operating income needs to reach 3 years to achieve break-even.　　The first year is expected to consider the operating expenses loss margin of 13 million yuan, the second year's loss of 7 million yuan. Newspaper reporter Ting Airi