China Resources Land Wins US$157 Million Shenzhen Property Equity Auction

China Resources Land announced on 30 October that its wholly owned subsidiary had won a judicial auction for 100% of Shenzhen Hubei Lexing Real Estate Development for RMB 1.109 billion (approximately US$157 million). The acquisition gives the group full ownership of the target company and the opportunity to lead the development and revitalisation of the underlying project. The transaction creates opportunities for construction firms, property consultants, valuation specialists, engineering contractors and project-management providers.

If you are interested to enquire further, please fill in the form below with your details and one of our consultants will contact you shortly.