OUR PORTFOLIOSingapore-Hangzhou Science & Technology Park Phase I
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 Zhimei, Sowow and Hangzhou Quentin Science and Technology Company.
(on a 100% basis)
1 Based on agreed value on a 100% basis
Address 2 Science & Technology Park Road, Qiantang New Area, Hangzhou 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 184 Major Tenants Hangzhou Zhimei Group of Companies, Hangzhou Meacon Group of Companies, Hangzhou Wangkuo electronics, Zhejiang Sowow E-Commerce Company, China Life, CITIC Bank, Hangzhou Quentin Science and Technology Company Land Use Right Expiry September 2056
Lease Expiry & Trade Sector Analysis
Lease Expiry Profile (%)
(As at 31 August 2020) – PHASE I