HKEX | 1918
Sunac acquire Beijing and Shanghai projects with RMB12.5 billion
Sunac (1918) announced that, they entered into an agreement with Wuhan CBD concerning the acquisition of Beijing Oceanwide International Project Land Lot 1 and the Shanghai Dongjiadu Project with around RMB12.553 billion.
The Beijing Project located at the core of Chaoyang District, Beijing, with around 75.2 thousand sq.m. of total site area and around 668.5 thousand sq.m. of gross floor area. It is mainly used for residential, commercial, office and hotel development, which has just started the construction.
For the Shanghai Project, it is located at the core of Huangpu District, accounting for approximately 120.3 thousand sq.m. of total site area and approximately 628 thousand sq.m. of gross floor area. It mainly focus on residential and commercial development.