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EC World Real Estate Investment Trust ANNUAL REPORT 2016
Property Data
Specifications
The first complex comprises
6 five-storey blocks and 1 six
storey block.
The second complex
comprises 2 five-storey blocks
and 1 three-storey block.
Land Title
First complex until
July 2053.
Second complex until
July 2059
Commencement
of Operations
First complex:November 2010
Second complex: April 2013
Purchase Consideration
RMB1,173.9 million
Net Lettable Area
238,032 sqm
Key Tenant
China Tobacco Zhejiang
Industrial Co., Ltd
Occupancy
100%
Market Valuation
(as at 31 December 2016)
RMB1,456 million
WALE (by NLA)
4.0
Hengde Logistics (“HL”) is located in Dongzhou Industrial
Park, Hangzhou City.
It has high-specification warehouses offering features
such as temperature and humidity control systems. HL
has the capability to store temperature and humidity
sensitive goods and products, such as tobacco, wines,
cosmetics and perishables.
HL consists of 2 clusters of warehouses with its own power
generator onsite and an isolated power grid to reduce
any risks of electrical blackouts affecting the buildings.
The two complexes are equipped with cargo lifts which
are spacious and capable of accommodating forklifts.
In addition, there are containment areas and docking
bays which facilitate efficient and effective loading and
unloading of goods for transportation.
With its specialised equipment and facilities, HL enjoys
limited competition from similar specialised logistics
asset in the region where it is located.
Management
REVIEW
Property Portfolio Overview
SPECIALISED LOGISTICS
Hengde Logistics