Shenzhen International Advances South China Logistics Park Redevelopment With New Land Deal
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Shenzhen International Holdings has signed a land use right transfer agreement for phase 2, stage 1 of its South China Logistics Park redevelopment, covering a 25,008-square-meter residential plot for approximately RMB287 million. This deal supports the park's transformation into a digital economy-oriented mixed-use district, enhancing profit realization and cash flow recovery. The current analyst rating for Shenzhen International Holdings (HK:0152) is a Hold with a price target of HK$9.50. The company aims to shift the park towards high-end commercial and residential projects to capitalize on urban land values.
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