Fu Zhuo Industrial, a property owned by Hangzhou Fu Zhuo Industrial Co., Ltd, which is in turn wholly-owned by EC World REIT, has received a formal notice from the People's Government of Linping District, Hangzhou City, People’s Republic of China on Jan 6, for the compulsory expropriation of Fu Zhuo Industrial.
The property’s expropriation is for the development of the Grand Canal National Cultural Park in Hangzhou.
Fu Zhuo Industrial is a port property that comprises berths and office buildings and is located in the west of Chongxian New City, north of Hangzhou, on the east bank of the Beijing-Hangzhou Grand Canal.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
