Main focus is on the high-end market along the west coast of the Taiwan Straits
QUANZHOU, China, April 4, 2014 /PRNewswire/ -- Bridge Capital, a platinum member of the Building Owners and Managers Association (BOMA) International, a recognized authority in the global commercial property sector, is highly optimistic about the Chinese high-end consumption market. The firm will continue to increase its involvement in high-end Chinese commercial properties this year and has participated in over 10 projects across the country, including projects in Shanghai, Beijing, Tianjin and Quanzhou.
Bridge Capital said the firm would focus on three high-end commercial projects this year: the first Outlets Project within Western Taiwan Straits Economic Zone, the landmark Changning 88 Plaza in Shanghai and Jinwan Plaza One Mall in Tianjin, the most attractive one being the Quanzhou Outlets. Hongyi International Group has teamed with Bridge Capital, inviting international renowned architectural design firm DCI to plan the Outlets Project, with the expectation of creating an international "consumers' paradise" destination similar to ones in Europe and the USA.
"We are very optimistic about the Chinese commercial property market. We have decided to take part in the first Outlets Project in the Economic Zone along the western side of the Taiwan Straits and apply BOMA's high property management standards, creating a new high-end consumption market model in the zone," said Mr. Stephen Fung, Director of Bridge Capital Investment Group.
The Project has already kicked off with commercial leasing and operation preparation activities underway and with completion of construction and start of operations scheduled at the end of 2014. Insiders predict that the Project will promote the high-end consumption market in the Economic Zone.
Bridge Capital Hongyi Outlets, based in Quanzhou, a city in the Economic Zone, is the core piece of the local benchmarking project. Hongyi International City, covering an area of approximately 660,000 square meters with total gross floor area (GFA) exceeding 1 million square meters, includes hill-top manors, Outlets, a five-star hotel, a premium office tower, half-hill residence quarters and a creative park area.
