(EQS-News / 14/04/2015 / 10:20 UTC+8)
(For Immediate Release)
LT Commercial Real Estate signs letter of intent with Congtai District,
Handan City in China over plan to redevelop Chuancheng Street into
pedestrian street for commerce, culture and tourism
(13 April 2015 - Hong Kong) LT Commercial Real Estate Limited ("LT
Commercial" or the "Company") (Stock Code: 00112) is pleased to announce
that the Company has signed a letter of intent with Congtai District,
Handan City, Hebei Province over a commercial property project ("Handan
Project") of redeveloping Chuancheng Street into a pedestrian street for
commerce, culture and tourism, reinforcing its strategic business presence
in the second- and third-tier cities.
Located at the central business district in Handan City, Chuancheng Street
is situated north of Renmin Road, south of Congtai Road, east of Lingxi
Street and west of Congtai Park. The commercial complex has a site area of
approximately 114,200 square meters while a site area of approximately
67,778 square meters in south of Qingnian Road, Congtai district is for
residential development. The project to be built will feature the ancient
cultures of the Warring States Period (????), Han Dynasty and the Yue State
(????), and will contain multi-purpose facilities to bring commerce,
culture, tourism, catering, entertainment, leisure and shopping under one
roof, allowing people to experience a multifaceted lifestyle.
At the signing ceremony, the government officials of Congtai District,
Handan City had an in-depth discussion about the redevelopment plan of
Chuancheng Street with Mr. Yang Longfei, Chairman of the Board of China
Lerthai Commercial Real Estate Group, and Chairman and Chief Executive
Officer of LT Commercial. An official of the Government of Congtai District
said, "LT Commercial has a regional advantage, unparalleled insights into
commercial property investment, and the capability to introduce
international brands from around the world into commercial property
projects. We hope more capable international enterprises like LT Commercial
will invest in Handan City and add impetus to its economy." LT Commercial
hopes to boost the city's economic development and improve the locals'
living standard through this cooperation, thus accomplishing its corporate
mission of "Together We Transcend".
- END -
About LT Commercial Real Estate Limited
LT Commercial Real Estate Limited (00112.HK) is a Hong Kong-listed company
under China Lerthai Commercial Real Estate Group, with a focus on
commercial real estate development and construction. Following the
successively confirmed overseas commercial property project in the U.S.,
the Company has commenced the "Lerthai City" project in Tangshan, and has
signed letters of intent with local government authorities in Nanjing,
Xingtai and Baoding. At the same time, the negotiations for projects in
Changsha, Wuhan, Tianjin and Beijing are also proceeding smoothly. With a
global strategic plan, the Company aspires to become a leader in the
international commercial property sector. It aims to promote the
development of urban economy and society and to improve the living standard
of residents, thus realizing its vision of "improving urban life with
commercial properties for global businesses."
For further inquiries, please contact:
iPR Ogilvy & Mather
Gary Li / Stephanie Fung
Tel: (852) 3170 6753 / 3920 7645
Fax: (852) 3170 6606
Email: lth@iprogilvy.com
End of Press Release
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Document: http://n.equitystory.com/c/fncls.ssp?u=PXITOIIHCN
Document title: LT Commercial Real Estate signs letter of intent with
Congtai District, Handan City in China over plan to redevelop
Chuancheng Street into pedestrian street for commerce, culture and
tourism
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343755 14/04/2015 UTC+8
(END) Dow Jones Newswires
April 13, 2015 22:21 ET (02:21 GMT)
