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Gezhouba Wins Bidding on High- quality Land in Nanjing to Sustain Solid Groundwork of Development in Yangtze River Delta

Date: 2016.05.16

At the final on-site offer of 3.28 billion RMB, the Company successfully won the land-use right of Lot No. 8-6 in the south of Hexi New Town, Jianye District, Nanjing, on the afternoon of May 13. The plot has a construction area of 26,380 square meters, including a building area of 72,545 square meters, with the planned use of the land in R2 residential category.

Lot No. 8-6 is located on Friendship Street in the south of Hexi New Town, Jianye District, in the heart of Nanjing. Hexi Central Business District (CBD) is the second largest CBD in east China, second only to the Lujiazui Finance & Trade Zone in Shanghai. The lot sits directly in the south side of the CBD axis. It is the core section of future development in Nanjing.

As early as in June last year, the Company seized Lot No. G11 at the same core area with Lot No. 8-6 through joint land acquisition. The Company’s access to Nanjing for a second time denotes the significant deployment for China Gezhouba Real Estate Co., Ltd., to approach its strategic goal of becoming "the high-value realtor estate leader in core cities" and to further consolidate its development foundation in Yangtze River Delta.

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