Overview

The Group develops and manages about 22,000,000 sq. ft. of mixed use projects including large scale regional malls, luxurious residential units, Grade A office space, international quality hotels, serviced apartments, cinemas, ice-skating rinks, department stores, theatres, hypermarkets, entertainment complex and car-parking ports in China. The company had been selected as the TOP 100 commercial real estate developers in China for two consecutive years in 2017 and 2018. It successfully issued “Lerthai No. 1” (勒泰一號), the first unrated domestic REITs product in 2017. The Group has already developed Shijiazhuang Lerthai Centre, Tangshan Pelagic Mall, Tangshan Lerthai City, and Handan Lerthai City successfully. The total commercial self-owned area is over 1.3M sq. m. with total asset value of approximately HK$27B. With its planning concept of “Chain with No Replication”, the Group adheres to the strategy of constructing “One City, One Landscape, and One Landmark”. With its mission of “Improve Quality Urban Life with Commercial Properties for Global Businesses”, the Group strives to become “A Commercial Asset Operator Leading Urban Consumption and Creating Value for Investors”. With its corporate mission and vision, the Group established six business segments with business management as the core, coupled with finance, investment, real estate, self-operated business and partnership operation as the synergy. After China's commercial real estate has entered into the asset management era from the manufacturing era, it highlighted the financial attributes of commercial real estate. Lerthai adopts asset securitization and asset management tools to explore the potential of existing market value and builds a completed, closed-loop model of asset management through the “Financing, Investment, Management and Disinvestment” platform.