Throughout April, ChinaResources Land Ltd. acquired four new sites in China for approximately6.14 billion Chinese yuan.
The land parcels are in Suzhou, Dalian, Ningbo and Wuhan, andcombined, offer a total gross floor area of about 1,150,292 square meters, accordingto a news release.
The company said it took full ownership of the sites in Suzhouand Dalian, plus 33% and 51% interests in the Ningbo and Wuhan parcels, respectively.
Year-to-date, the company has recorded 11 land acquisitions fora total land premium of 25.05 billion yuan. In March, the group bought three land parcels.
As of May 5, US$1 was equivalentto 6.50 Chinese yuan.