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Hengguang - A Bright Idea for Chinese Retail Development
Hengguang (Shenzhen Hengguang Enterprise Management Consulting Co., Ltd.) is a partnership of three highly experienced, leading real estate investment and development companies - Gerrity International, LLC, the Morgan Stanley Real Estate Funds (MSREF), and the SZITIC Commercial Property Co., Ltd. (SCP).
Hengguang develops high-quality, professionally managed community shopping centers that are located primarily in provincial cities throughout China.
Hengguang combines international best practices and design concepts with local expertise and market knowledge to provide a superior shopping environment. We create partnerships with communities, as well as leading and emerging retailers in China. We are focused on customer service and long-term value creation.
Hengguang – a bright idea for Chinese retail development.
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FACTS AND FIGURES
Currently, the company is engaged in development or pre-development work on 15 retail projects comprising 8 million square feet (745,000 square meters). Typically, these shopping centers feature hypermarkets of 10,000-18,000 square meters and shop space of 8,000-20,000 square meters on three levels. Many of these shopping centers are strategically positioned in secondary cities and provincial cities.
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