Strategic Warehouse Acquisition in Yangtze River Delta
Property Particulars
3 new modern warehouses with good building specifications and strategic locations in Yangtze River Delta, Mainland China.
Jiaxing and Changshu South are completed and fully-leased; Changshu North is under the final stage of construction with
expected completion in May 2022 (3) and positive pre-leasing progress.
Address
Land Tenure
Completion
Specifications
GFA (sqm)
Occupancy
Jiaxing Asset
No.669 Sheng'an Road,
Xiuzhou District, Jiaxing
50 years expiring in 2067
2019
Double-storey ramp
99,323
100%
1.8
Changshu North Asset
No.29 Xinggang Road,
Changshu
50 years expiring in 2056
May 2022 (Estimated)
Double-storey ramp
69,045
N/A
N/A
Changshu South Asset
No.11 Xingda Road,
Changshu
50 years expiring in 2055
2021
Single-storey
23,776
100%
5.0
WALE (years)
Notes:
(1) Link acquired a 100% interest in a portfolio of three modern warehouses in Jiaxing, Zhejiang Province and Changshu, Jiangsu Province for RMB947 million. The acquisition is expected to complete in July
2022, subject to the approval of the shareholders of the seller group, Fujian Dongbai Group Co. Limited (Shanghai stock code: 600693) at their general meeting expected to be held in May 2022.
(2) As of March 2022.
(3) On-site construction work and fire safety acceptance have been completed; completion certificate is being processed.
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