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Guangzhou office rent the third quarter rose 3.1% qoq
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CB Richard Ellis has announced third-quarter market report pointed out that the third quarter of the Guangzhou office leasing market remained active in the trend, the overall steady growth in rents, chain rose 3.1 percent to 100.2 yuan per square meter per month. The third quarter has two grade A office space is located in Tianhe District, completed, to bring to market a total of about 126,000 square meters of prime office space new area. Among them, the Pearl River in Guangzhou CBD --- New City Landmark II High German, in the completion of about 85% of the time of the pre-leasing rate, PricewaterhouseCoopers and the Guangdong Development Bank leased a large area within this unit. Strong demand for prime office market, the city reached 125,636 square meters of net absorption. Guangzhou, the overall performance of prime retail property market stable, on the first floor rents edged up 0.9% qoq to 50.1 yuan per square meter per day. No new supply during the quarter, all major shopping centers continue to introduce new tenants to reduce the vacant floor space, the overall vacancy rate continued to fall 0.6 percentage points to 10.2%. The next quarter is expected to have two large shopping centers --- Wanda Plaza, Guangzhou Baiyun apron and V, a total of about 190,000 square meters of prime retail space on the market. The two large retail properties are located in the Baiyun district of the emerging retail district Baiyun New Town. Lights Holdings won 1.6 billion of commercial land in Chengdu Southern News intern reporter Zhu Dawei Chen Rong Lights Holding Co., Ltd. recently announced, announced that its wholly owned subsidiary of Real Estate Development Co., Ltd. Chengdu, home of Lights has been competing commercial site Xindu District, total 160 million yuan This is the real estate development company first entered the city of Chengdu, Southwest China. Announcement shows that the transaction was completed on October 22, furniture, park land located in the new capital area, to sell an area of 150,300 square meters, floor area ratio of 3, the building density is not greater than 50%. Owing to the nature of commercial land, land use period of 40 years. It is reported that holding the pen the acquisition of Lights, will serve as the main carrier of the hippocampus in Chengdu, so that developers this home in the western region to further promote the brand. Before that, Lights Riverstone Holdings has acquired Investment Co., Ltd., Wuhan hippocampus Properties Limited held 30% stake in wholly owned Wuhan hippocampus.