According to the announcement of February 9, ZTE Corporation announced that it has signed a framework agreement with Shenzhen Vanke Real Estate Co., Ltd. (hereinafter referred to as "Vanke") on the land of Shenzhen Bay Super Headquarters Base No. T208-0049, commissioned the development, construction, sales and operation of the framework agreement "And its annex," commissioned the development and construction, sales contract "," commissioned by the contract, "reached an agreement.
ZTE, which acquired the land but not the real estate business, is required to digest the profit generated by the land parcel with China Vanke.ZTE estimates that after the current deal with Vanke (expected to be completed in 2021), ZTE will give The Group brought the pre-tax profit of 2.773 billion yuan.
According to ZTE's plan, the land parcel will be integrated with office, hotel and commercial use to develop and construct nearly 190,000 square meters of properties by China Vanke. Upon completion, Vanke will deliver 77,000 square meters of office buildings and 2,660 square feet Meters of cultural facilities; transfer of 4,200 square meters of public transport terminal to the government; leaving 390 square meters of property space owned by all owners. The remaining part of the 35,000 square meters of commercial properties and 20,000 square meters of hotel properties , Marketed by China Vanke; 44,200 square meters of office buildings and 61,000 square meters of cultural facilities, and operated by Vanke.
ZTE is ready to work with Vanke.
According to DTZ's assessment, the development and construction cost of this project was 1.944 billion yuan, while Vanke promised that the overall development and construction capital of this project will not be less than 1.7 billion yuan but not more than 1.9 billion yuan.
DTZ assessed that after the completion of the project, the unit price of the commercial property market was 109,000 yuan per square meter and the unit price of the hotel property market was 35,000 yuan per square meter. According to DTZ, the sales of salable property for this project was 4.515 billion yuan However, China Vanke promised to sell not less than 4.75 billion yuan of real estate sales, if less than this figure, Vanke should make up for ZTE. If it is higher than this figure, the excess for ZTE to Vanke commissioned development Construction and sale of service fees.
Vanke contracted this project, and the expenses incurred during the compliance process were all undertaken by Vanke. After the project was completed, the final payment was settled according to the agreement of the documents. Vanke and its affiliates have the right to prioritize the purchase of marketable properties under this project.
Currently, Vanke has transferred 1.771 billion yuan to ZTE as its earnest money for obtaining the right to operate the properties in the project. The transaction consideration for operating the property operation rights of the project was 2.515 billion yuan.