The official website of the Shenzhen Public Resources Trading Center has released an announcement about the upcoming listing and transfer of a commercial land parcel (Parcel No. K602 - 0016) situated in Yuehai Subdistrict, Nanshan District. The transfer is set to take place on November 10, with an initial asking price of 965 million yuan.
This particular land parcel mandates joint bidding among enterprises. Construction must kick off within 1.5 years and reach completion within 3.5 years. The designated gross floor area is 87,000 square meters, and there are strict limitations on the excessive transfer of property rights. The land is earmarked for the specific information technology service industry, and it will serve as the site for constructing a pan - video technology R&D headquarters project.
Bidders are required to meet certain selection criteria. The selection plan, which was made public in May this year, reveals that Toutiao Information and FaceU Technologies are the intended land users. The project is envisioned to establish a pan - video R&D industrial cluster and a brand - new business headquarters in the Greater Bay Area. The consortium has pledged to achieve corresponding revenue, financial, and added - value targets from 2025 to 2029.
In the past, these two companies have already organized an architectural design competition for relevant projects.