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 mall has been handed over to a new long-term tenant Markor International Home Furnishings Co., Ltd. Renovation works commenced in 4Q FY16/17 and is expected to be completed by end 2017
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. |
| Selected brands of tenants |
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| Valuation | $32.1 million (as at 30 June 2017) |
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