December 18 morning, Tianjin Friends Aoteles project in Tianjin Binhai New area held a foundation ceremony. The project is managed by the investment management of Tianjin friend of the capital (002277), which is controlled by friends of the company, and is expected to invest about 1 billion yuan, which is expected to achieve a sales revenue of 700 million yuan and a total profit of 150 million yuan. The project covers an area of more than 140,000 square meters, of which, commercial land area of more than 110,000 square meters, residential area of more than 30,000 square meters, the total construction area of about 240,000 square meters, is expected to be completed at the end of 2012 into use, including the Austrian Business Project is expected to open in October 2012.
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