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| Location ＞ Home ＞ Press Room ＞ Press Releases ＞ Details
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Franshion Properties Successfully Won a New Plot in Northern Bond of Shanghai
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| 2008-04-14 |
Shanghai Huigang Real Estate Development Co. Ltd. (“Shanghai Huigang” hereinafter), a joint venture under Franshion Properties (China) Limited (0817) announced on March 11th that it successfully won the bid for a land plot in central area of Huishan jetty of Northern Bond in Hongkou District, Shanghai for CNY1.123 billion. With this move, Franshion Properties has included another premium plot into its asset portfolio after acquiring a plot in the eastern area of Huishan Jetty previously.
The newly acquired plot has an area of 19,039 square meters, with a planned construction area of 73,970 square meters.
The winning of the plot has brought to Franshion Properties the rights to fully develop Shanghai Huishan jetty project. Together with Shanghai Gaoyang International Passenger Transportation Center which is under development right now, Franshion Properties will roll out the full commercial development of the land with a length of 2 kilometers along Huangpu River side, doubled the old Bond riverside line. |
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