JLL is pleased to present a unique opportunity to acquire a close to 100% occupied, Grade A office building Shanghai’s financial CBD, Lujiazui, in Pudong New District. The asset, GC Tower, will provide an astute investor strong cash flow with long-term rental and capital appreciation at a perpetually attractive location for office and retail tenants.
Completed in 2009, GC Tower is located at 1088 Yuanshen Road in the Zhuyuan Commercial Area, close to Century Avenue Metro Station, a transfer hub for four metro lines. JLL is inviting Expressions of Interest to acquire the vendors’ 100% interest in the onshore company of the Property. More detailed information will be provided to interested parties upon signing of a Confidentiality Agreement.
• Grade A office building which is specified to the highest the international standards.
• The Property has a GFA of 59,563.25 sqm incorporating 45,941.99 sqm of leasable office and retail space plus 296 car parking spaces.
• Zhuyuan is located in close proximity to Pudong People’s Government, Securities Regulation Bureau, Stock Exchange Regulation Bureau and Investment Promotion Service Center.
• The property has won numerous awards, including ‘China Building Construction Luban Awards’, ‘National Construction Decoration Award’ and ‘Shanghai Magnolia Award of Construction Project’.
• Abundant amenities include staff canteen, convenience store, coffee shop and high-end Chinese restaurant
• Variety of high quality current tenants, including State Grid, CCB Life, Hongyuan Securities, Foster Wheeler and Guolian Securities
• The current Grade A office vacancy rate in Pudong is only 2.4%. Compared to the current average passing rental of the Property is RMB 6.52/sqm/day, the Grade A office average rental in Zhuyuan Commercial Area is RMB 7.3/sqm/day while it is RMB 10.7/sqm/day in Lujiazui Financial CBD
• A landmark building in the Zhuyuan Commercial Area, the property can provide naming/signage rights to investor/tenants
For more information, please contact:
+86 21 61335799
+86 21 61335426
+86 21 61335592
+86 21 61335360