[photopress:property_shenyang_ice_festival.jpg,full,alignright]Great China International Holdings, a Shenyang-based real estate development and property management company in the People’s Republic of China, has brought in an outside company — CCG Elite — to conduct its investor relations program.
Great China International was founded in 1989 and engages in the development and commercialization of premium private residential and commercial properties and the management of commercial buildings in Shenyang.
The company, through its amazingly named, indirect wholly-owned subsidiary, Shenyang Maryland International Industry, was one of the first private property developers in China. The company currently owns and manages the President Building, which has 20 tenants comprised of Fortune 500 multinational corporations. Last year rental income and property management fees accounted for 55% of revenue, while proceeds from the sale of properties constituted the remaining revenue.
Frank Jiang, Chief Executive Officer and Chairman of Great China International, said, ‘As one of the largest non-state-owned real estate developers in the northeastern China, we believe Great China International is well positioned to take advantage of the strong demand for property development in the region.’
Crocker Coulson, President of CCG Elite, quickly getting into the swing of things said, ‘Demand for both residential and commercial properties in Shenyang should continue to grow very quickly. We believe Great China International offers an attractive opportunity for investors seeking an established leader with strong prospects for growth.’
The key to the whole business is whether demand for both residential and commercial properties in Shenyang should continue to grow very quickly. On past results this seems likely.
The elegant illustration is of one of the contructions from the justly famous Shenyang Snow Festival.