Beijing Capital Land

Beijing Capital Land Profile and History

-During the year, BCL continued to support the government's masterplan of turning Beijing into "the political, cultural, international communication and technology innovation center of China. To do so, the Group continued to explore innovative business and new profit drivers that could benefit from the resources and synergies in its core business. In terms of cultural and creative industry project development, the Group launched the Beijing Yongyuan Project, a first-of-its-kind ICH themed park in China, which joins the Group's Langyuan Vintage Project as another benchmark development that promotes Chinese culture and creativity in Beijing. Leveraging its deep experienced garnered from the two iconic projects in the cultural and creative industries, the Group successfully replicated its brand management expertise by developing 9 cultural and creative industrial parks across the country. The synergies between the cultural and creative endeavors and the Group's core business also enabled it to access and lock down seed projects. On the technology side, the Group launched "Beijing Capital Park", a high-tech industrial property service platform, and established strategic cooperation agreements with the Chinese Academy of Sciences and Tsinghua University among other leading scientific and technological research institutions. Leveraging the synergies generated by the Group's core businesses, the platform also enables expanded access to premium resources and the ability to secure potential seed projects in Chongqing, Xiamen and Ningbo and other cities. With respect to rental housing, the Group's Fangshan Hé Yuan Project in Beijing is now at full occupancy and the Shuanggang Hé Yuan Yu Project in Tianjin registered close to full occupancy, effectively revitalizing the inventory. The Shibalidian Project, the largest rental housing project developed on collectively-owned land in Beijing, also began construction and covers a total construction area of over 410,000 sq.m. which will eventually hold over 10,000 rental housing units.