TC

10/11/2014 14:06

Hui Xian REIT (87001) buys Chongqing property at Rmb3.91bn

    Hui Xian Real Estate Investment Trust (87001) said it agreed to purchase from Cheung Kong (00001) and Hutchison Whampoa (00013) an integrated commercial property development located at No.68 Zou Rong Road, Yuzhong District, Chongqing at Rmb3,910 million.
  The property comprises a 12-storey shopping mall (inclusive of 353 car park spaces) currently called "Metropolitan Plaza" and a 37-storey office building currently called "Metropolitan Tower". The property has a total GFA of about 164,360 square metres.
  If the property had been owned by Hui Xian REIT throughout the financial year ended 31 December 2013, it is estimated that the amount available for distribution of Hui Xian REIT for that financial year would have increased by 4.9% to Rmb1,324 million. Its estimated DPU for that financial year would have increased by 4.15% from Rmb0.2455 to Rmb0.2557. 

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