Shenzhen Urban Renewal Project Transaction Hits New High
JLL acted as the exclusive agency and successfully assisted a Sino-foreign joint venture to sell its industrial property in the North Zone of Shenzhen High-Tech Park for a total price of 1.54 billion yuan.
In 2017, JLL acted as the exclusive agency and successfully assisted a Sino-foreign joint venture to sell its industrial property in the North Zone of Shenzhen High-Tech Park for a total price of 1.54 billion yuan. The price per square meter reached RMB 100,000, setting a new high for domestic industrial land
The project covers an area of about 15,000 m² and is located in the key development area of Shenzhen urban renewal under the 13th Five-Year Plan, giving it outstanding value. As a project which is part of the “Industrial upgrade ” program, the park will transform into a modern industrial park, with land use property changing from manufacturing land (M1) to R&D usage land (M0). This will provide an important model for sustainable urban development. Meanwhile, urban renewal projects become an important means of land reservation for investors.
JLL has built up a strong understanding of Shenzhen's urban renewal related policies and methods. This allowed it to factor in the future planning of the area where the property is located to make detailed analysis, evaluation, and financial reports for the project, helping the owner to explore the potential value of the project. Furthermore, based on its extensive investor network resources, JLL introduced at least ten legitimate potential buyers who issued official written offers to the seller. In the negotiation process, JLL designed the optimal negotiation strategy and transaction structure to help the owners and investors achieve a win-win situation.
In the same year, JLL also facilitated the turnover of a number of industrial properties in South China and continued to provide customers with quality investment transaction services.