JLL Assists Large SOE Complete Regional Landmark Office Property Transactions
As a regional landmark, the successful transaction of the CRC International Plaza T1 building required multi-party collaboration and tailor-made services. JLL's Xi'an Capital Markets team worked to providing professional market analysis reports and actively participated in marketing plans and provided channel consultancy service, which helped to find the best investor. JLL then provided a well-established trading model framework and constructive business advice, which eventually facilitated a successful transaction.
“A number of recent large-scale property transactions in Xi’an have proved that increasing numbers of investors are beginning to value the high-quality property investment opportunities in the city. This confirms the accuracy of our professional analysis and precise assessment of trends for the Xi’an investment market. With our exclusive resources in the real estate industry, we will continue to provide a full range of services to clients from a wide variety of industries and consolidate our leading position in the local investment market.”
CRC International Plaza covers an area of about 33 hectares and has a total construction area of about 1.5 million m², which consists of The Mixc with 900,000 m² and a 600,000 m² area of residential properties. The project is seamlessly connected to Sanqiao Station on Xi'an Metro Line 1 and is the only Grade A office building in the area that directly connects to a metro stop. The first phase of the sale was The Mixc. This transaction involved Tower 1 of CRC International Plaza, which is located on top of The Mixc, standing at a height of 187 meters. The GFA of the building is around 80,000 square meters, with a typical floor area of approximately 2,000 m² served by 18 elevators. No matter whether in terms of floor space, facilities, or services, it is the office building with the best hardware located in the largest mixed-use complex in the north-west region of China
As a regional landmark for the image and investment value of the region, the successful transaction of the CRC International Plaza T1 building required multi-party collaboration and tailor-made services. From the beginning of the project, JLL's Xi'an Capital Markets team conducted detailed market research on industries in the area, working to providing professional market analysis reports. They also actively participated in a series of marketing plans and provided channel consultancy service, which ultimately helped to find the best investor. JLL then provided both the buyers and sellers with a well-established trading model framework and constructive business advice. This eventually facilitated a successful transaction, and the professionalism and enthusiasm of our team throughout this process were much appreciated by both parties. In the future, JLL will continue working hard to provide a high-quality service to its Xi'an clients.