Super City En Bloc Sale of Tianchen Rose Plaza at RMB 1.455 Billion

February 11, 2010

Super City Group has recently handled an en bloc sales for Shanghai Hetai Real Estate Development Co., Ltd. (a fully subsidiary owned by Tianchen Corporation) of their project “Tianchen Rose Plaza” located at Hongkou District. The buyer is M Shanghai Britto (HK) Limited, and the transaction price is approximately RMB 1,455 million.

The property is an integrated mix-used project comprising both of retail and office, bordered by Sichui Road North on the east and Qiujiang Road on the south in Hongkou District, the total GFA is 76,436.69 sq. m. including basement, and sellable area is 66,780.85 sq. m. The shareholder of M Shanghai Britto (HK) Limited is a real estate investment fund managed by AM alpha GmbH from Germany. The headquarter of the fund management company is located in Munich and has invested in different real estate products in main cities and emerging markets in Europe; and now is actively involved in real estate investment markets in Asia.