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| Renhe Spring Zongbei |
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Renhe Spring Zongbei is located in Chengdu, Sichuan, one of the two most populous provinces in China, and the fourth largest city in China. It is one of the fastest growing cities in China. Located close to consulates in Chengdu and in a high-end commercial and high income area, Renhe Spring Zongbei is positioned as a mid-to high end department store operating under the Renhe Spring brand name. |
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| Address |
No.19, Renminan Road. Chengdu, China
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| Description
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5-level retail podium (including a mezzanine floor). Part of a mixed-use commercial complex comprising retail & office completed in 2003.
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| Prime location |
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| Tenants |
Retailers including Prada, Dunhill, Bally, Hugo Boss, Zegna
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| Positioning
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Targets the high-end income segment and expatriates
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| Gross floor
area |
About 9,000 square metres (About 101,000 square feet)
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| Title &
tenure |
Land use right of 40 years expiring in 2035
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| Lease type |
Nearly 100% of leases are based on a turnover rent structure. Majority of lease tenure: 3 months to 1 year
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| Year of completion
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| Committed
occupancy |
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| Committed
occupancy |
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| Strata area |
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| Net lettable
area |
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| Number of
tenants |
101 (as at 31 Dec 2009)
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| Title |
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| Selected brands
of tenants |
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| Valuation |
S$84.5 million (31 Dec 2009)
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| Valuation* |
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| Investment
story |
- High growth market with potential pipeline
- Income guarantee of RMB26.4m p.a. to August 2011
- Successful business model; robust cashflow
- Good location, quality property with trendy shopping concepts
- Benefits of earnings and geographical diversification
- First right of refusal to Renhe Spring Group’s pipeline in China (including flagship store with 40,000 sqm and development project with 50,000 sqm of retail space respectively
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| Website |
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Related pages |
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