OUR PORTFOLIOSingapore-Hangzhou Science & Technology Park Phase I1
Singapore-Hangzhou Science & Technology Park is an integrated business park located in the middle of Hangzhou Xiasha Education Zone of the Hangzhou Economic & Technological Development Area (part of Hangzhou Qiantang New Area). The Phase I property comprises five R&D buildings of 4 to 20 storeys and two ancillary buildings, with a total gross floor area of 101,811 sq m and a net leasable area of 101,450 sq m. The property is located in the heart of Hangzhou Economic and Technological Development Area (HEDA), and is only 500 metres away from the Hangzhou Bay Ring Expressway and 1 km away from Yunshui Station on Metro Line 1. HEDA is a national level economic and technological development zone. Over the decades, HEDA has achieved rapid development where many leading companies and Fortune 500 companies have set up their branches in the area. The property is adjacent to Zhejiang’s largest university zone and provides ideal office space for many companies in E-commerce, Biomedical Sciences, Information and Communication Technology and R&D functions. Notable tenants include Hangzhou Zhimei, Hangzhou Meacon, Zhejiang Sowow E-commerce Company, China Life, and CITIC Bank.
1 The acquisition of the business park is expected to be completed in 2Q 2021.
2 Based on acquired value on a 100% basis.
3 Based on all committed leases as at 31 December 2020.
Address No. 2 Kejiyuan Road, Hangzhou Economic & Technological Development Area, Qiantang New Area, Hangzhou City, Zhejiang Province Description The property comprises five R&D buildings of 4 to 20 storeys and two ancillary buildings. Gross Floor Area (GFA) (sq m) 101,811 Year of Acquisition 2020 Year of Opening Sep 2009 - Jun 2013 Number of Leases 190 Major Tenants Hangzhou Zhimei, Hangzhou Meacon, Zhejiang Sowow E-commerce Company, China Life, CITIC Bank Land Use Right Expiry September 2056
Lease Expiry & Trade Sector Analysis
Lease Expiry Profile (%)
(As at 31 August 2020) – PHASE I