Page 17 - Forterra

15
COMMERCIAL REAL ESTATE PORTFOLIO
HQ 1 :
The refurbishment of the
existing 7 level
(including 1 basement)
retail podium previously
housing Parkson
Department Stores as its
HQ 3 :
Construction of a 4 level
basement, 7 level retail podium
and 12 level office
HQ 2 :
Refurbishment of the outdoor
pedestrian mall and food street
PROPERTIES (RMB MILLION)
AS AT
31/12/2012
AS AT
31/12/2011 % VARIANCE
STABILIZED ASSETS
Central Plaza, Shanghai 1,813 1,787 +1.5%
Forterra House, Shanghai 721 704 +2.4%
Beijing Logistics Park, Beijing 326 265 +23.0%
Total Stabilized Assets 2,860 2,756 +3.8%
TRANSITIONAL ASSETS
The HQ Existing, Shanghai 6,164 6,031 +2.2%
Central Park Mall, Qingdao (Existing) 665 655 +1.5%
Huai Hai Mall, Shanghai 809 780 +3.7%
Total Transitional Assets 7,638 7,466 +2.3%
DEVELOPMENT ASSETS
The HQ Extension, Shanghai 1,690 1,406 +20.2%
Total Development Assets 1,690 1,406 +20.2%
LAND-BANK ASSETS
Central Park Mall, Qingdao 1,349 1,310 +3.0%
Total Portfolio 13,537 12,938 +4.6%
Total Portfolio reflecting 55% ownership of
Central Park Mall 12,631 12,054 +4.8%
Forterra undertakes independent valuations of its real estate portfolio in June and December of each year. The
results of the December 2012 valuation process, prepared by CB Richard Ellis in accordance with the guidelines of
the Royal Institute of Chartered Surveyors and the subject of a separate review by Forterra’s Audit Committee are
detailed below.