KAISA PROSPER (02168) enters into a leasing agreement with related parking lots.

date
25/06/2025
avatar
GMT Eight
Kaisa Group (02168) announced that on June 25, 2025, the tenant (a subsidiary of our company)...
KAISA PROSPER (02168) announced that on June 25, 2025, a lease agreement was signed between the tenant (a subsidiary company of our company) and the landlord (a subsidiary company of Jiayuan Real Estate Holdings) for the lease of parking spaces. The lease term is 15 years, until December 31, 2039. The parking spaces involved include a total of 810 spaces located in two residential/commercial development projects developed by KAISA GROUP in Longgang District, Shenzhen, China. These projects are Jiayuan Future Plaza Tower (380 spaces) and Jiayuan Future Metro Plaza Tower (430 spaces, including 9 civil defense spaces). Our group mainly provides property management services, with parking management being a part of our daily business operations. The 15-year lease agreement will allow our company to have a long-term supply of parking spaces in the two high-demand development projects in Shenzhen. The parking spaces will provide our group with a stable source of income and cash flow.