Renhe Spring Zongbei Property

The property is located in Chengdu, China, one of the most populous provinces in China, and situated close to consulates in a high-end commercial and high income area.

The Manager is in the midst of converting the existing departmental store with a gross turnover rent structure into a long-term tenant model with a fixed rent lease. Handover is expected in 3Q FY16/17.

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 31 December 2016
Gross floor area 100,854 sq ft
Number of tenants 1 (as at 31 December 2016)
Title Leasehold estate of 40 years expiring on 27 December 2035
Lease type In the midst of converting into a long-term tenant model with a fixed rent lease
Selected brands of tenants
  • Markor International Home Furnishing Co. Ltd
Valuation RMB 158 million (as at 31 December 2016)