Property Digest, January 30, 2013
Tomson Group announced it had agreed to acquire two sites, with a total site area of 450,460.8 square metres, in Shanghai's Pudong for a total of 1.09 billion yuan (HK$1.34 billion).
Tomson Group announced it had agreed to acquire two sites, with a total site area of 450,460.8 square metres, in Shanghai's Pudong for a total of 1.09 billion yuan (HK$1.34 billion).
The two sites are close to its proposed residential project at Area B-13-4 at Jinqiao-Zhangjiang, according to the company statement filed to the stock exchange on Monday.
Since the land use rights of the two sites are held by Shanghai Pudong Land Holdings and the board considers that the overall value of the development project would be enhanced by integrating the two sites into the master development plan. Sandy Li