On January 27, Gelonghui reported that Hainan Airlines Holding (600221.SH) announced that its wholly-owned subsidiary Xinhua Aviation plans to lease some idle Property/A-REIT to Zhonghe Xinyuan in order to activate idle Assets and improve the overall efficiency of Operation and resource allocation. The lease period is 20 years, with a total lease amount of approximately 0.26 billion yuan.
The rented Property/A-REIT is located at No. 17, Fuxian Street, Tianzhu Town, Shunyi District, Peking, covering an area of 19,941.4 square meters, including 6 apartment buildings (with office areas) (a total of 536 guest rooms, construction area of 22,413.22 square meters) and a 3-story building with a construction area of approximately 1,440 square meters.
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