BBMG Corporation announced that its wholly-owned subsidiary, BBMG Real Estate, recently acquired the land use rights of state-owned construction land for the first-class development project of the Chaoyang Port Phase I in Shiba Li Store Chaoyang District, Beijing, through public bidding. The acquired land includes the R2 residential land of the 1303-686 site and the A334 kindergartens and nursery land of the 1303-687 site. The total land area is 47,661.924 square meters, with a total construction area of 125,853.387 square meters on the ground. The transaction was completed at a total price of RMB 6.38 billion. BBMG Real Estate owns 100% of the project's equity.
金隅集团：竞得北京市朝阳区土地项目 总价63.8亿元
BBMG Corporation won the land project in Chaoyang District, Peking with a total price of 6.38 billion yuan.
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