China Property

The China Property is located in Chengdu, the capital city of Sichuan province. The property comprises four levels of retail space with a mezzanine floor. Situated within the Second Ring Road, it is in close proximity to high-end residences, offices and the US Consulate in Chengdu. The Nijiaqiao MRT Station is located in front of the property and provides convenient access.

The China Property has secured a new long-term tenant, Markor International Home Furnishings Co., Ltd., one of the largest furniture retailers in China. This new long-term tenancy agreement will replace the department store model. The Renhe Spring Zongbei department store ceased operations in January 2017 and is currently under renovation with completion due end- 2017.

Renhe Spring Zongbei

*Artist impression. Subject to change.

Property Profile

Address No.19, Renminnan Road, Chengdu, China
Description A four-storey retail podium plus a mezzanine floor completed in 2003. Part of a mixed-use commercial complex comprising retail and office.
Positioning Targets the high-end income segment and expatriates.
Year of completion 2003
Committed occupancy 100% as at 30 June 2017
Gross floor area 100,854 sq ft
Number of tenants 1 (as at 30 June 2017)
Title Leasehold estate of 40 years expiring on 27 December 2035
Lease type Fixed rent structure with periodic step-up.
Tenant(1)
  • Markor International Home Furnishing Co. Ltd
Valuation $32.1 million (as at 30 June 2017)
  1. As of 30 June 2017