(23 March 2017 – Hong Kong) China Aoyuan Property Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883), a renowned property developer in China, is pleased to announce that the Company has successfully acquired 100% equity interest of a quality commercial and residential project in Beijing for a total consideration of RMB658 million. The project has a total GFA of approximately 16,000 sq.m.

 

The project is well located at the intersection of the two main roads in Beijing city center, South 2nd Ring and You’anmen Outer Street, with a linear distance of only 5km to Tian’anmen and Forbidden City. The project is conveniently located next to a transportation hub, Beijing South Railway Station, with numerous bus lines, Metro Line 4 and 14, Beijing-Shanghai and Beijing-Tianjin Express Rail Link, etc. It is served by various well-known schools such as Beijing No.15 Middle School and Capital Medical University. It is also in close proximity to parks such as Taoranting Park and Temple of Heaven, as well as large-scale shopping malls. 

 

Aoyuan management commented: “Beijing is the political, economic, financial and cultural center of China. It has a strong attraction for economic activities and population inflow, together with robust housing demand. The successful establishment of presence in Beijing helps Aoyuan further optimizing its land bank in Tier 1 and 2 cities. Looking forward, Aoyuan will adhere to its land acquisition strategy with a main focus on Tier 1 and 2 cities, supplemented by Tier 3 and 4 cities, through diversified acquisition channels while promoting its parallel development in domestic and overseas markets. We will strive to achieve rapid and sustainable business growth, thereby delivering fruitful returns to its shareholders and investors.”