Parkson Retail Group’s Subsidiary to Rent 8,943 Square Meters Area Property in Kunming City, Yunnan

MT Newswires Live06-20

Parkson Retail Group’s (HKG:3368) subsidiary Kunming Yun Shun He Retail Development agreed to rent a property with a total gross area of about 8,943 square meters for a 15-year term from Kunming Nanya Fengqing Real Estate Development, a Thursday filing with the Hong Kong Exchange said.

The mentioned property is at Basement Level 1 at Block A1, Yangjia Community Committee, Fuhai Subdistrict Office, Kunming City, Yunnan.

The first year's annual rental amounts to around 3.2 million yuan, increasing to about 3.8 million yuan for the second and third years, about 4.0 million for the fourth to sixth year, 4.2 million for the seventh to ninth year, 4.5 million for the tenth to 12th year and about 4.7 million for 13th to 15th year.

Price (HKD): $0.11, Change: $, Percent Change: -1.75%

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