Wednesday, April 11, 2012

tera power leveling indirect subsidiary Plaza and a new housing estate - DLU

129773903210468750_99Spring department store spending 600 million purchase of Guiyang City in conjunction with new housing sites Spring department store (00331) indirect subsidiary Plaza and a new housing estate (collectively, the buyer) spent $ 601.6 million Yuan (with) to Bureau of land and resources acquired Guiyang City Nanming District, Guiyang, Guizhou golden road, Simon's right to use the land for 40 years, with a total land area of 56,300 sq, land uses as hotels, commercial and Office. Buyer has paid the total price 20% (about 120 million dollars) as initial deposit. Constructed shopping mall temporarily, Plaza plan includes a basement (area of about 10,000 square meters) and seven on the ground floor (about 50,000 to 60,000 square metres), estimating square needs to bear the costs of about $ 230 million. Simon started before the construction works of August 21 this year,Completed before August 20, 2015. For allocating land, Plaza Mall portion of ownership tera power leveling, will have a commercial complex in new housing estates part; in addition, the basement car park of assignment of the land owned by the buyer. Spring department store that, at present in operation in Guiyang 4 department stores tera gold, all shop sales and profits are recorded robust growth in the past years.After the construction is completed, the company will have a level of Guiyang City tera power leveling, located in the city centre business district, will further strengthen the dominant position on the ground. Others:

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