Leadership plans to invest in Guangzhou shopping malls project
(0823) in the middle of May this year to complete the acquisition of 40.65 billion yuan in Guangzhou Xicheng Juhui Square project, the Group’s asset management (China) Director Huo Yansheng (chart), see the West are all the city belongs to the Liwan District, similar to the supply of small shopping malls, Guangzhou subway flow is also more, so intends to add some new projects in Guangzhou. Together with the West City, the mainland’s commercial projects have occupied the portfolio of about 9.1% of the portfolio, the future will have the opportunity to increase to 12.5% level.
Mainland commercial projects account for 9%
Huo Yansheng also said that the West Side of the square is the original Hutchison Whampoa shopping malls, and later resell to the capital of the capital and Morgan Stanley, the Group recently took over. The main consumer groups for the project for the young family, take the young fashion route, the occupancy rate of about 97%. The proportion of catering tenants to the total floor is about 30%. The children’s education area is more than 10%. The major tenants include PARKnSHOP supermarkets, sports supermarkets Decathlon, children’s kings and local restaurants. The mall is one of the main venue of the national gaming competition, but also along the subway project, so attract a considerable flow of people, daily average daily flow of 90,000, the weekend is generally up to 100,000 to 12 million people, the highest peak see 14 million people. Leadership will be refurbished after taking over the mall. The other is near the shopping malls for the Chinese herbal medicine, aquatic products and other wholesale markets, but also for the Department, the next nine road near the consumption area, but also close to Vanke (2202) new purchase of the former Guangdong Trust old residential buildings, so in addition to the residents Consumption, but also more than the wholesale business over consumption, there are potential new consumer groups.
West City are intends to draw bookstore bouncing and archery
(0012)’s Hengbao Huating Square and Liwan Square, but the scale is out of date, Huo industry students said that in the next 3 to 5 years, Guangzhou Liwan and the central region is difficult to add new shopping malls Supply, so they are interested in Guangzhou and Liwan District to find the new subway along the shopping malls near the project. Xijiang Duhui Plaza, director of leasing Li Jiarin said that in the future they consider the introduction of bookstores, bouncing and archery and other new tenants, increase the project attractiveness.