China Case Study
TRANSACTION TYPE & DETAILS
Date: March 1, 2020
Transaction Type: Lease
Property Type: Industrial
Size: 200,000 sq. ft.
Sale Price: ¥52,000,000 CNY
Referred by Frédéric Schneider, SIOR, who serves this client with corporate services on an international basis including for both Europe and the U.S
- Additional space for expansion
- A visually appealing, cost effective structure, while at the same time ensuring that all safety and security requirements were met.
- A land parcel was identified and acquired. Subsequently, a tender was undertaken to identify the best build-to-suit according to the client’s specifications.
- The new site was successfully developed and handed over to the client on-time and on-budget.
- Frédéric Schneider, SIOR, who referred the deal to Bjarne Bauer, SIOR, remained actively involved throughout the process and hosted regular online meetings, including the client’s global head of real estate, the client’s local leadership in China, and the local Chinese brokerage team.
- Bjarne Bauer, SIOR, and his team carried out a market search as well as negotiation services on behalf of the client on the ground in mainland China.
PARTICIPANTS & INFORMATION PROVIDED BY
Frédéric Schneider, SIOR
Bjarne Bauer, SIOR