Gemdale Properties (00535) said it was successful in its bid for the land use right of a parcel of land in Suzhou, the PRC, at Rmb514 million.
The land is located at the west side of Remin Road and the south side of Xinshi Road, Gusu District, Suzhou with a site area of about 22,858 square metres and maximum permissible gross floor area of about 45,716 square metres. The land is designated for commercial and business purpose.