China's Leading Office Landlord
- High Quality Asset - Holding 1.3 million sqm of prime location office buildings in Beijing and Shanghai
- Outstanding Operation Performance - The occupancy of SOHO projects recovering faster than market
average - Stable Cash Flow - The diverse and healthy tenant mix enabling a stable rental income
- Sound Financial Position - Low gearing ratio and healthy debt maturity profile, reducing financial risk
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Results Summary
- Rental Income up 3% YoY
- Profit from leasing business significantly improved compared with same period last year
- Average occupancy across stabilized properties recovered to 90%
- Leeza SOHO's occupancy 74% at the end of June 2021
- Net gearing ratio and average funding cost remained low at 43% and 4.7% respectively
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Holding prime location office buildings in Beijing and Shanghai
- The office buildings in prime locations of Beijing and Shanghai have displayed their scarcity
- Stable rental income as office accounts for major proportion in the portfolio
- All projects completed in 2020, with low uncertainty and outstanding value protection
Location | Type | Status |
12%
33%
44%
56%
67%
88%
Beijing | Shanghai | Office | Retail | Stablized | Ramping-up |
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Holding prime location office buildings in Beijing and Shanghai
Wangjing SOHO | Leeza SOHO | |
Qianmen Avenue
Galaxy SOHO
Guanghualu SOHOII
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