The Lakeville Regency Tower 18 is located at the prime location of Luwan District in Shanghai. The project is within walking distance of the Shanghai Xintiandi, the Huai Hai Zhong Road business district and a metro station at Huangpi Nan Road.
A luxury residential building with a GFA of approximately 22,200 square metres in the heart of Shanghai. This completed development, comprising 103 top-tier apartment units, is currently managed by a renowned serviced apartment operator. The acquisition was completed in January 2010.
Benefit from the growth in the number of visitors both in the business and tourist sectors, occupancy and average room rates were strong which provide the Group with stable recurrent rental income.