The Cade Group Plans To Build 100 Shopping Centers In China In The Next 3~5 Years.

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< p > under the backdrop of bad sentiment in the Chinese real estate market, the Asian real estate tycoon from Singapore, a href= "http://www.91se91.com/news/index_c.asp" and "Kade group" /a, have increased investment in China.

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< p > reporters learned from Cade group yesterday that the company plans to build 100 shopping centers in China in the next 3~5 years.

It is reported that the Kate group made a profit of more than 3 billion 600 million yuan in China last year, and its contribution rate exceeded 40%.

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< p > it is understood that the Cade group has entered the Chinese market for 20 years, and has operated 145 projects covering 45 residential and shopping centers, office buildings, service apartments and complexes in 45 domestic cities. The total assets have exceeded 70 billion yuan, accounting for about 45% of the total assets of the group.

In 2001, Cade's assets in the country were only 6% of the assets of the group.

The Cade group says the proportion will be more than half in the future.

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Less than P, it is worth mentioning that Cade is seeking to increase investment in commercial real estate in China at the same time when domestic housing companies are going to sea.

According to the plan, Kade will build 100 "a href=" http://zs.sjfzxm.com/ "shopping center" /a in China in the next 3~5 years.

Cade's current shopping centers in China include Cade MALL brand and Raffles brand.

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< p > although the investment in China has been further increased, the results released by the Cade group show that the company achieved net profit of about $674 million last year, down 8.7%. compared with the same period last year. For the reasons for the decline in net profit, the Cade group said that this was mainly caused by the sale of 20% shares of Australian land in November last year.

Data show that last year, the group's revenue grew 20.5%, to $3 billion 160 million, and operating profit increased by 42.9% to $419 million.

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P, a familiar with the industry of Kade group, Kade bought and expanded the Chinese region project last year. Many new commercial real estate projects are still in the incubation period. Before the maturity of these properties, the group will maintain a relatively low net profit growth level.

"Because of its limited company structure, the decision chain is long and the response is not very fast, so the Kade group is not developing very fast."

In addition, although the Cade group has certain advantages in the capital market and has some experience in capital operation, there are still some restrictions on overseas capital in China.

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< p > in fact, since last year, the Cade group has speeded up the acquisition step in the domestic "a href=" http://www.91se91.com/news/index_cj.asp "commercial real estate < /a >.

In July 15th last year, Kade Group subsidiary Kade commercial bought Beijing's first Grand Canyon shopping center at 1 billion 760 million yuan, which belongs to capital airport Real Estate Group Co., Ltd.

Earlier in June 18th, the company gained 70% stake in Shanghai Guang Chuan real estate company for about 1 billion 900 million yuan. It plans to build a complex project on the Han Zhong Road Block in Shanghai.

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In December last year, Lin Kai Yan, President and chief executive of Cade group, revealed that the Cade group is optimistic about its domestic market and will invest more than 40 billion in the future to develop complex projects in China's first tier cities such as Shanghai, Guangzhou and Shenzhen, with a total area of more than 360 hectares.

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