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Shanghai Industrial Urban Development leases 12 floors in Shanghai Changning District for RMB 7.34 million a year

PUBT·08/27/2026 09:22:59
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Shanghai Industrial Urban Development leases 12 floors in Shanghai Changning District for RMB 7.34 million a year
  • Shanghai Industrial Urban Development Group signed a 15-year lease for 12 floors at 89 Jiangsu North Road, Changning, Shanghai.
  • Right-of-use asset expected at RMB 90.11 million under HKFRS 16, triggering connected-transaction and discloseable-transaction treatment.
  • Annual rent set at RMB 7.34 million for years 1-5, rising 3% every five years to RMB 7.79 million for years 11-15.
  • Site totals about 10,359.4 sq m across Levels 3-14, intended for branded residential apartments with a subleasing model.
  • Deal requires independent shareholder approval at an SGM; circular expected by Sept. 17, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Industrial Urban Development Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260827-12302072), on August 27, 2026, and is solely responsible for the information contained therein.