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EC World Real Estate Investment Trust ANNUAL REPORT 2016
Property Data
Specifications
The Stage 1 Properties,
held within the REIT,
comprise 8 buildings
(Buildings No. 1 to No. 8).
Building No. 1 is a 15-storey
building, Building No. 2 is
a four-storey building, and
Buildings No. 3 to No. 8 are
five-storey buildings.
Land Title
March 2052
Commencement
of Operations
June 2015
Purchase Consideration
RMB1,039.7 million
Net Lettable Area
120,449 sqm
Key Tenant
Master Leased to
Forchn Holdings Group
Co., Ltd
Occupancy
100% (underlying occupancy
of 85%)
Market Valuation
(as at 31 December 2016)
RMB1,295 million
WALE (by NLA)
3.8
Stage 1 of Bei Gang Logistics (“BL”) is also located in
North Hangzhou. BL is one of the largest e-commerce
developments in the Yangtze River Delta.
BL offers an e-commerce ecosystem to its tenants who
enjoy access to related services, logistics, trade and
exhibition, O2Ooffice, talent training and financial services
within the premises. Demand for facilities which offer an
e-commerce ecosystem is expected to grow in line with
the expected expansion of B2B and B2C e-commerce
businesses in China, especially in the Zhejiang Province.
Advanced logistics management systems and equipment
installed in the facilities, coupled with the synergy derived
from the eco-system of e-commerce service providers,
add value to its tenants and provide opportunities
for rental growth in the medium term. The National
Development and Reform Commission (the “NDRC”) has
granted accreditation to Hangzhou Bei Gang Logistics
Co., Ltd. under the National Key Logistics Project 2015.
Management
REVIEW
Property Portfolio Overview
E-COMMERCE LOGISTICS
Stage 1 Properties of Bei gang Logistics