Deng Chengbo Spoils $1.4 Billion to Purchase Property in the Region

In the past few years, Deng Chengbo, a “uncle of shop Wang Bo”, has re-emphasized over RMB 1.4 billion to invest in industrial buildings and shops in the vicinity of Sai Kung, including the purchase of the Sizhou Foods Market Center in March. The price was RMB 4,168.

Four continents food network center 250 million purchase

Deng Chengbo recently purchased a number of industrial buildings in Saigon, including the purchase of the entire four-estate food network center at Kangding Road, Sai Kung, from a listed company’s Hong Kong Foods Investment Co., Ltd. in March this year for a price of RMB 250 million. The building is four stories high and has a total GFA of approximately 60,000. In square feet, the price is about 4,168 yuan.

As early as last March, Deng also spent 365 million yuan for the purchase of the No. 6 Affordable Group Building at Kangding Road, and the entire building of the No. 1 Sizhou Group Building at No. 1 of Kangding Road, which became the consortium or investment with the largest number of industrial buildings in the region. By.

In addition to the industrial buildings, Tang also invested in bunks in the area, including the purchase of a huge shop at the underground entrance of the Sai Kung Gardens and the first floor of the Sai Kung Garden last year. The area totaled 28,000 square feet.

The shop was originally rented by Wellcome Supermarket at a monthly rent of RMB 78,400. After the expiry of the lease, it was leased from Parkyard or its supermarket brand to a monthly rent of RMB 900,000. The new lease was more than RMB 116,000 or 15%. The rent of 31.6 yuan was used to calculate the rental return rate of about 2.4%.