Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Lander Sports Development Co. Ltd is planning to sell commercial properties in the Gongshu District of Hangzhou for CNY528.2m (USD83.57m) through a deal between one of its wholly-owned subsidiaries and Shangrao City State-owned Assets Management Group.
Lander said this move aims to recover their funding in the establishment of sports towns and sports complexes. According to the official announcement, the properties to be sold, with an area of 17,606 square meters, include Floor 5 to 13 of Building No. 1 and Floor 2 to 13 of Building No.2 at the Juzhen International Center (Chinese: 矩阵国际中心).
This is not the first time for Lander has sold off real estate assets since the company sold 54 commercial properties in Hangzhou and Nantong for CNY208m (USD33.15m) in August 2017.
Commenting on the recent two deals, Lander said the move would help “further carry out their ‘space plus content’ commercial model”.
On February 13, Lander Sports announced a deal with Chongqing Liangjiang New Area Development and Investment Group, aiming to develop sports and lifestyle towns in local areas. Meanwhile, Lander Sports is also focusing on 3 sports town projects in Hangzhou City of Zhejiang and Pengzhou City of Sichuan.
Source: p5w.net
Proofread by William Logsdon
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Related coverage
Lander Sports to open a fitness center in Jiaxing
07 Dec 2017
Lander Sports reports exponential growth in its sports business
29 Aug 2017
China investing big in sports towns
25 Aug 2017
Lander Sports eyes the sports finance business
26 Feb 2018
Chengdu Sports Investment Group get control of Lander Sports
11 Jun 2019
More from Yutang Sports
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Yutang Sports
loading...