Sino-Ocean eyes commercial properties

Children receive rewards from the Future Angle Children Fund, which was jointly established by the Tianjin Sino-Ocean We-Life Future Plaza and Tianjin Children’s Palace, at the opening ceremony of the Tianjin Sino-Ocean We-Life Future Plaza held on Jan 1, 2014 in Tianjin. [Photo / Provided to chinadaily.com.cn]

Founded in 1993, Sino-Ocean Land Holdings was listed on the Main Board of the Hong Kong Stock Exchange on September 28, 2007. The company focuses on developing mid-to-high end residential properties, along with high-end office and retail facilities.

According to a China Daily report from Aug 21, 2013, Sino-Ocean Land jointly worked with Columbia Pacific Management, a company based in Seattle, US, to develop and invest in an upscale senior-living community on the southern outskirts of Beijing, and subsequently won a for-profit operating license.

The business strategy of Sino-Ocean Land’s commercial properties development has the slogan "Four, Three, One Method," which means 40% percent of Sino-Ocean Land's total assets will be invested in the development of commercial real estate, to make 30% percent profit and the revenue will reach to 10% of the general turnover of the company.

According to a recent Sino-Ocean Land press release, in the next two years, the company will roll out 500 thousand square meters of commercial real estate in Beijing, Tianjin, Shenyang, Dalian, Hangzhou and Zhongshan with yearly opening projects secured at over 200 thousand square meters.

Before the Tianjin Sino-Ocean We-Life Future Plaza, a We-Life Future Plaza opened on Feb 2, 2013 in Beijing's Chaoyang district.

An international standard ice stadium is a big attraction at the Tianjin Sino-Ocean We-Life Future Plaza. [Photo / Provided to chinadaily.com.cn]