Construction work of CSC Nanchang will be carried out in three phases. Phase One will have a GFA of approximately 1.2 million square meters. Its construction has started today and the entire project is expected to be completed in 2012. Estimated development cost, which will be invested in phases, is over RMB8 billion. Over 30,000 enterprises will operate in CSC Nanchang upon its completion.

In December 2009, the Group successfully acquired a parcel of land situated at Honggutan New District in Nanchang, Jiangxi Province by way of public tender, auction or listing for sale at a total consideration of RMB555.35 million. The site covers a total area of approximately 1.05 million square meters and forms part of CSC Nanchang. The remaining parcel of the land will be acquired in the next acquisition.

CSC Nanchang is situated in Nanchang, Jiangxi Province, which is the provincial capital city connecting Yangtze River Delta, Pearl River Delta and Minnan Delta, three of China’s most significant business development areas with enormous growth potential. It is also the largest port on the Gan River, providing an easy access to Duchang, Ruihong, Zhouxi, and Lianhu. CSC Nanchang, which is situated in this accessible location, will bring enormous and rapid growth to the central China regions.

“The development strategy of the Group is to construct large-scale logistics and trade centers in regional economic hubs and cities in strategic locations, with a view to satisfy the needs of regional economic and industrial development. Our unique business model has been recognized and largely supported by various local governments. We see immense potential with CSC Nanchang and are confident that we can successfully replicate our business model to expand our footprint nationwide,” said Mr Cheng Chung Hing, Co-Chairman and Executive Director of China South City.

Apart from Shenzhen and Nanchang, China South City is also expanding into Nanning and Xi’an to develop modernized large-scale industrial materials and commodity trade centers targeting the Southeast Asia and China’s northwest markets.

Established in December 2002, China South City Holdings Limited is one of the leading developers and operators of large-scale, integrated logistics and trade centers in China. China South City sells and leases trade center units to domestic and international suppliers, manufacturers and distributors of raw materials and finished goods. It offers a comprehensive range of trade, logistics and supporting facilities and services. The Group’s first project, China South City Shenzhen, is strategically located in the Shenzhen Longgang Pinghu Logistics Base with a total site area of over one million square meters and a GFA of approximately 2.6 million square meters. It serves five complementary light industries of the region including (i) textile and clothing; (ii) leather and accessories; (iii) electronic accessories; (iv) printing, paper and packaging and (v) metals, chemicals and plastics. To replicate the successful business model of China South City Shenzhen in other strategic economic regions in China, the Group has identified 3 new sites for properties planned for future development in Nanchang, Jiangxi Province (“China South City Nanchang”), Nanning, Guangxi Zhuang Autonomous Region (“China South City Nanning”), and Xi’an (“China South City Xian”).
 

For further enquiries, please contact Hill and Knowlton Asia Ltd.