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CHUANG YI TOWER (BEING RENAMED AS CENTRAL PARK - PUDONG)
In June 2016, we completed the acquisition of Chuang Yi Tower (being renamed as Central Park - Pudong), a 12-storey office building with one basement level conveniently located and is easily accessible by metro and other public transport in the developing business area of the China (Shanghai) Pilot Free Trade Zone. Central Park - Pudong was built in 2014 with a total gross floor area of approximately 33,191 m² and which comprising 75 office units and 170 car parking spaces. The China (Shanghai) Pilot Free Trade Zone serves as an extension of Shanghai’s financial district with increasing demand for office premises driven by the registration of large number of companies in the zone.
We will carry out renovation and design work on the Chuang Yi Tower with a view to transform the property into a modern and sound Grade A office building to unleash its underlying potential and value. The tenant mix is expected to include both international and domestic corporations and businesses.