LT Holdings Plans for Expansion across Hebei by Starting Construction in Tangshan and Signing Contract in Xingtai
Grand sceneswith a massive crowd of people. Recently, LT Holdings Limited, a Hong Kong listed company under China Lerthai Commercial Real Estate Group, has been reporting fresh successes. On 15 May, LT Holdings held a grand ceremony to start the construction of the Tangshan Lerthai City project. Following this, during the China (Lang Fang) International Economic & Trade Fair organized in Langfang, LT Holdings signed an official agreement with the government of Qiaoxi District, Xingtai on 18 May to develop the Xingtai Lerthai Center, an international standard large urban complex. The project is another milestone highlighting LT Holdings’ focus on city development in China with global strategic deployment. Upon completion, this project is set to be a legendary landmark in Xingtai. It is learned that as the next step of its strategic deployment in China, LT Holdings will continue to enhance its investments in Hebei, with a focus on key cities within the province, including Baoding, Zhangjiakou and Qinhuangdao.
Mr. Yang Longfei was invited to sit at the main table with leaders from Hebei provincial CCP committee and government during the Welcome Reception of China (Lang Fang) International Economic & Trade Fair 2014
Targeting to be a giant in integration of global commercial resources with access to international capital
LT Holdings Limited has strong power to tap into capital markets and to consolidate international resources from the industry and consortia. Its parent China Lerthai Commercial Real Estate Group is a world-class large-scale commercial property development and operation group that combines real estate development, property operation and commercial retail business. The Group owns LT Holdings Limited, a Hong Kong listed company, Lerthai Commercial Investment Group and Lerthai Commercial Property Group, forming a three-prong layout comprised of real estate development, commercial investment and property operation.
The Group has strong power to tap into capital markets and to consolidate international resources from the industry and consortia. Its parent China Lerthai Commercial Real Estate Group has formed a strategic development alliance Hong Kong Chinachem Group, French retailer Carrefour, UK-based global property manager DTZ and a US architecture firm. Its business scope covers 5 segments, including branding retail, commercial real estate, agricultural product logistic park, culture and tourism, high-end hospitality. With compelling brand appeal, the Group has entered into strategic partnership with over 50 enterprises on the global top 500 list, including China Railway Construction Group Co., Ltd., China Railway Urban Construction Group Co., Ltd. and China Electronics Engineering Design Institute. To date, the Group has successfully developed a number of urban complexes like Shijiazhuang Lerthai Center, Tangshan Yuanyang City and Xi'an Datang West City, as well as Dahe International Agricultural Product Logistics Park with the largest size in China. Moreover, the Group also engages in retail business through the Carrefour Baolongcang supermarkets.
Currently, LT Holdings is expanding across the China market with a focus on northern and eastern China by investing in cities well-positioned for economic growth and government administration to develop commercial, cultural and sports infrastructures under the names of "Lerthai Center", "Lerthai City" and "Lerthai Plaza". With the completion of overseas commercial properties in the US, and negotiations running smoothly on projects in Changsha, Nanjing, Wuhan, Tianjin, Beijing, as well as Baoding and Zhangjiakou in Hebei province, LT Holdings is committed, through its global strategic layout, to becoming the leader in global commercial integration and to achieving its aspiration to "Change urban lifestyle by working with global commerce".
Investing heavily in Tangshan to create the third space for urban lifestyle
Funded and developed by LT Holdings in the prime location in Lubei District, Tangshan, this project is designed to be a one-stop urban commercial center, which combines international 5-star hotel, cluster of international brand flagship stores, international fine-dining restaurants, club house, water world, international 5A-grade office building and serviced apartments. A future landmark in Tangshan, Tangshan Lerthai City will become the core of a new urban business district, injecting fresh impetus into Tangshan, a city that enables wonders and dreams. In particular, after the "coordinated development of Beijing-Tianjin-Hebei" has been elevated as a national strategy, the value of Tangshan, being the cradle of modern industry and economic center in Hebei province, in regional development attracts tremendous attention. Leveraging on its unique style and iconic image, Tangshan Lerthai City is aimed to be a brand-new third space for urban life in Tangshan.
Mr. Yang Longfei, chairman of China Lerthai Commercial Real Estate Group and LT Holdings Limited, said: "By investing heavily in the Lerthai City project, LT Holdings is strongly committed to Tangshan, not only because Tangshan enjoys long and profound history and culture, prosperous urban economy, as well as civilized, open, honest and efficient administration, but also with a view to introducing a business model the city needs, improving existing urban landscape, and providing people with extensive dining, cultural, entertaining experience and fresh pleasure."
"Another success: LT Holdings signed agreement in Xingtai to build urban "commercial carrier"
On 18 May during the China (Langfang) Economic & Trade Fair, LT Holdings successfully signed an agreement with the government of Qiaoxi District, Xingtai on 18 May to develop the Xingtai Lerthai Center project, which is located in a prime urban area. This project is designed to be a one-stop urban recreation center, which combines international 5-star hotels, a cluster of international brand flagship stores, international fine-dining restaurants, club houses, international 5A-grade office buildings and serviced apartments.
Based on in-depth experience and consideration of living needs in the past, the Xingtai Lerthai Center project will introduce a brand-new urban leisure lifestyle to the city. It will maximize the benefits of its various functions to create more added-value by concentrating and restructuring elements necessary in urban life, as well as balancing and coordinating resource deployment. In accordance with international practices, to synchronize the preliminary development and leasing operation for the Xingtai Lerthai Center project, LT Holdings’ parent company - China Lerthai Commercial Real Estate Group Limitedhas so far entered into agreements with a batch of international branded strategic partners, including Austrian Eurojoy Ice Rink, US Tera Wellness Club, Hong Kong UME Cinema, Taiwan Golden Jaguar, Shanghai Xiao Nan Guo Restaurant, Spanish ZARA and HOLA. Upon completion of the project, these international brands will form a cluster of branded flagship stores in Xingtai Lerthai Center with 1,000 domestic and foreign flagship stores offering 10,000 branded products, establishing the Center as a super commercial carrier.
At the signing ceremony, Mr. Yang Longfei, chairman of China Lerthai Commercial Real Estate Group Limited and LT Holdings Limited said: "LT Holdings Limited aspires to 'explore the cultural essence of cities and represent their historic characteristics'. The company will introduce a brand-new urban leisure lifestyle to Xingtai by leveraging on its strong power to tap into capital markets and to consolidate international resources from the industry and consortia, as well as its compelling brand appeal. Once completed, Xingtai Lerthai Center is set to be a legendary landmark in the city. It will, after being put in full operation, strongly boost Xingtai’s economic development, accelerate the growth of its tertiary industry and form into a new urban business district."