Euro Asia Completes Major Building Stage at the Training and Exhibition Center of Weifang
(Thomson Reuters ONE) -
Euro Asia Premier Real Estate Company Limited / Euro Asia Completes Major Building Stage at the Training and Exhibition Center of Weifang processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Weifang (People's Republic of China), 12 July 2010.
Euro Asia Premier Real Estate Company Limited ("Euro Asia", ISIN: VGG3223A1057)
publishes today the completion of the building shell and roof work at it's
Training and Exhibition Center development complex in Weifang. This major
construction stage was finished according to schedule. Work on the building
commenced on 1 July 2009 and is expected to be completed in December 2010, and
will commence operations in early 2011.
The Training and Exhibition Centre consists of a 15-storey main building and
exhibition hall on the ground floor. The planned gross floor area is
approximately 27,361 m². After completion, the property will be used as a
5-star hotel and conference centre. There are no other 5-star hotels in the
immediate vicinity. The Training and Exhibition Centre will be operated by NIW
Real Estate, Euro Asia's operating subsidiary in the People's Republic of China.
Chairman of the Board, Mr. Sun XiYi, stated, "We are very pleased with the fast
process of the construction works. So far we have invested RMB 25 million, and
hence we are also well in line with our budget of RMB 52 million or RMB 1,900
per square meter for the whole premise. We are looking forward to start
operating the building early 2011 in order to generate additional cash flows for
the group."
About Euro Asia
Euro Asia is a BVI registered company, active in real estate development in the
Shandong area of the People's Republic of China. The Company operates locally
through its subsidiaries, jointly owned with SNI, a leading local development
company. Generating leasing revenues from a number of commercial properties, the
Company has a number of other projects under development. By utilizing its
strong local network to banks, political decision makers, land owners and other
developers, the Company intends to grow its position in the region prior to
moving into other prefecture-level cities.
Contact:
Schwarz Financial Communication
Frank Schwarz
Tel: +49 611 1745 398 11
Schwarz(at)schwarzfinancial.com
[HUG#1430998]
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Euro Asia Premier Real Estate Company Limited
Jian Hong East Street No 316 Weifang City, Shandong China
Listed: Xetra Stars in Frankfurter Wertpapierbörse;
Press Release as PDF: http://hugin.info/143073/R/1430998/377546.pdf
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Source: Euro Asia Premier Real Estate Company Limited via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 12.07.2010 - 09:22 Uhr
Sprache: Deutsch
News-ID 23759
Anzahl Zeichen: 0
contact information:
Town:
Weifang City, Shandong
Kategorie:
Business News
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