Pearl River Sun City, South East Bank will change hands?
August 24th, 2009 by admin
Hongru Tea House is a tea museum in Chongqing
Yesterday, reporters learned that Chongqing Pearl River Industrial Co., Ltd. (hereinafter referred to as "Chongqing Pearl River Industrial") to its former Jiangbei "Building King" Pearl River Sun City, undeveloped land changed hands to the South East Bank. With the exact message that the South East Bank is actively working with relevant aspects of the Pearl River Sun City contacts, and promote the implementation of this real estate deal. If the final implementation of the program will be the real estate industry in Chongqing this year, the first the deal. And close to the central enterprises in Chongqing senior sources, the central enterprises in Chongqing, some take the floor in the "no limits."
It is reported that in March this year, the media burst, Chongqing Loncin Group or the acquisition of the property after they pass the main result of the debt crisis of a real estate company in Chongqing, but the noise after a time, not later after the merger. 2 months after it occurred in the other two real estate companies new news of mergers and acquisitions began to spread like wildfire in the industry.
This is a real estate before 2009, Chongqing, one of 50 between the property and dark horse "contest."
Chongqing Pearl River Industrial Enterprises in Chongqing old Yu, Chongqing, many real estate top 50 finalists, but only 3 years as established real estate companies, the South East Bank in Chongqing's emerging, the real estate experience is not rich in experience and history of the development did not last long. But this "small company" background there is the CNGC assets of the company and the South East Bank of China Group in Chongqing set up a joint venture behind the "shift" the central enterprise system.
Now the most popular version of the M & A, the South East Bank will acquire undeveloped land in Sun City, Pearl River, Pearl River Co., according to pre-planning of Chongqing, the undeveloped land still available on the building 26 700 thousand square meters of body mass, but journalists and not have the specific purchase amount.
Sun City's public information from the Pearl River show that the estate is located in Jiangbei District wulidian street Liu and Taiwan, with a total investment of 2.2 billion. July 2003, the plot has good planning and design, this basis, to obtain plots of the time in 2002 and 2003 before and after a few years, the local land like riding the rocket. In 2007, with three steel mills for the Riverside Lot 300 mu land, the auction price of 4.2 billion, while the Pearl River Sun City, a total of 337.5 acres of land, also belong to the riverside out of print, "Wong in" position, if this as a reference, a conservative estimates that the land premium of 100% or more.
Tags: Chongqing, East Bank, land, Pearl River, Pearl River Industrial, real estate, Sun City- No Comments »
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