China Fund>Article>Morgan Stanley optimistic about the commercial real estate show a U-turn Jinqiao International Commercial Plaza

Morgan Stanley optimistic about the commercial real estate show a U-turn Jinqiao International Commercial Plaza


ZhuNan| 27/05/2009 15:32:40
All the way through the property market higher this year, the Shanghai market, was sold last year, Shanghai has been the property of Morgan Stanley (the large Moreton) Shanghai once again optimistic about the commercial real estate. Reporters yesterday that, as a group of Hong Kong Shanghai ZongBang The second key project Jinqiao International Business Plaza, the main building has been completed, and the project is one of the main investors large and Morocco.

Project ZongBang easily took over the main

ZongBang group vice president, told reporters yesterday LiangMeiFen , Jinqiao International Commercial Plaza, has been defined as "upgraded version" of the International Council of Shopping Centers Daning At present, the investment of about 20 billion yuan in large-scale commercial real estate projects are still on schedule according to the planning node to promote this year is expected to become operational in September.

Jinqiao International Business Plaza, the predecessor of land that has the famous holiday Eamon Dayton Square, the original planning for the business area 100,000 square meters, 25,000 square meters underground business of the one-stop shopping. However, project after project since 2004 to 2006 have not yet started construction.

until June 2006, the development of the original Plaza Holiday Eamon Dayton project company (Shanghai love don dream home) listed in the United Assets and Equity Exchange, Shanghai City, which voted to sell Land (Group) 30% stake held by David, as well as new investment in Shanghai's 70% stake in listed prices were 176.8967 million yuan and 413,103,200 yuan, a total of 590 million yuan. Month, Morgan Stanley fund that is to spend 590 million yuan to buy the land, promised to invest 2 billion yuan that year, and that "will be introduced into the joint development partners."

2007, the success of building a large-ling of the Hong Kong International Commercial Plaza, Lok Fu Sterling's superior company - ZongBang Group to enter the Golden Bridge project, and to developers and operators in his capacity as the debut. Founded in 2003 ZongBang Group, the major shareholders include Hong Kong, ING Group, the Shun Hing Group, the new group-wei, Timezone Group International and the United States and Singapore. The presentation of the project, the emergence of Moldova as an investor, alleged that the investors as an important international project to enter the Golden Bridge, the Mount is optimistic about the successful operation of large-ling ZongBang international experience in commercial property.

first open the Pudong commercial plaza

financial crisis and has been sold in the big rumor Mount, while in the residential projects will be held Huashan summer houses scattered Court part of the sale, while in the business continue to invest in real estate projects. So far from the middle of last year, the Shanghai Moldova's intention to sell the property heard the news. Heaven and earth from the Kam-lun sell 1.1 billion bid, until the recent market rumors Pan Shiyi Moldova intends to acquire large holdings of the East China Sea Place, but so far there is no realization of the entire property transaction. Court huashanica until summer to sell the bulk transactions, Morocco is a big investment in Shanghai property for the first time the success of cash.

vis-à-vis the domestic market and the office market, in the current market environment, the big retail Moreton obviously more interested in commercial real estate projects. In April this year, there have been media reports large motorized joint listing of the nation's largest retail real estate company Simon Property Group and Shenzhen Commercial Investment Properties Limited, plans to further open the Chinese market this year has been in Changshu,, Zhengzhou, Hangzhou, Suzhou, Hefei five second-tier cities to invest in shopping centers, with a total investment of more than 3.0 billion.ZongBai Group, according to the relevant person in charge, it is also good because of Moreton Pudong Jinqiao area at center as a business development prospects will continue to invest in commercial real estate projects Jinqiao.

Pudong New Area as a focus on commercial real estate project is located in Jinqiao Jinqiao International Commercial Plaza Road and Zhangyang Road junction, the project covers an area of nearly 60,000 square meters, is located on the 6th line in the cross-track cloud Station Road between Station Road and the Golden Bridge, along the only current large-scale commercial center.LiangMeiFang, the total physical capacity of the construction of 180,000 square meters Jinqiao International Commercial Plaza, not only into a foreign joint Jingqiao largest one-stop shopping center, Pudong will become the first commercial open square, is about to open at the same time Central Plaza, the radiation will also be extended to Yangpu radius. Project will include supermarkets, brand flagship stores, children's play centers, art studios, etc., and the other located about 16,000 square meters of grade A office space.