Yanlord subsidiary to acquire Tianjin land parcel for $498 mil

SINGAPORE (May 17): China based developer Yanlord Land Group is jointly acquiring a land parcel in Tianjin for 2.37 billion yuan ($497.5 million).

The land parcel has an GFA of 351,338 sqm in the Tianjin Hong Qiao District. The mixed use site includes high-end residential and commercial units as well as educational facilities.

The collaboration and acquisition came about after Yanlord’s wholly-owned subsidiary, Nanjing Renyuan Investment Co. acquired a wholly-owned subsidiary in Shenzhen known as Shenzhen Yujia Investment Management Co.

---

Related Stories

• Broker's Digest: Yanlord Land Group, Frencken, Yangzijiang, Centurion
• DBS downgrades Yanlord Land Group to 'hold', but upgrades TP to 70 cents
• Yanlord sinks into RMB934 million loss following impairment, withholds dividends again

---