Leather Market "Super Carrier" - Haining Fur Plaza Opens

Fur square

It was officially opened last Saturday. It is the third largest project in Haining leather city after the leather brand fashion center (phase three project) and Tong Er Bao Haining leather city.

After the opening of fur Plaza, the leather market group operated by Haining city in Haining has a total construction area of 770 thousand square meters, becoming the "super carrier" in the leather specialized market.

According to the briefing, the four phase of the project is separated from the one or two phase of the market in Haining. The project covers an area of 75 mu, with a total construction area of 120 thousand square meters, including a 62 thousand square metre fur trading market and two 58 thousand square meters of business buildings.

If Tong Er Bao Haining leather city is an important extension project of Haining's "inner Plus + extension" development strategy, it is undoubtedly the fur city of Haining that collects the fur fur Plaza of the most high-end fur and clothing at home and abroad.

The chairman of Haining leather city has said that fur square has enriched the connotation of the leather market, improved the core competitiveness of the market, and effectively demonstrated Haining's strength as the source of China's leather fashion, and opened a prelude to the new round of market development in Haining leather city of China.

Haining Leather City Bulletin shows that Haining fur city square fur shops in the form of leasing, bidding to attract investment, the price of shops is the two part of the leasehold fee and rentals in the lease term. In the next five years, the total annual rental income and rent are two yuan, nearly 200 million yuan, about 35% of the company's 2009 annual revenue.

The company said that the income has been substantially improved compared to the company's initial prospectus. Based on the principle of revenue recognition, it will be included in the current monthly income from the date of renting (October 1, 2010). It is expected that the fourth quarter of 2010 will play a significant role in improving the company's performance.