Situated at No. A92, Jianguo Road, Chaoyang District, Beijing Shimao Tower (formerly Beijing Huaping International Plaza) enjoys an advantageous location in the central business district (CBD) along East Third Ring Road and Chang An Street, within 200 metres from the International Trade Centre. Featuring an estimated high rental yield, the project boasts a high potential of return on investment. The first 4 floors of the project serve as large-sized, integrated commercial complexes, and the fifth to 21st floors serve as high-quality office space. Construction of the project, undertaken by Beijing Tianhuan Real Estate Development Company Limited, has been completed.
Shimao Property Holdings Limited acquired the project with RMB1,050 million on 30 December 2006 and will take it on as a long-term investment.