surfer44
3 years ago
Xinyuan Real Estate Updates Sale of BLOOM on Forty Fifth, New York City, USA
Wed, April 20, 2022, 5:30 AM
BEIJING, April 20, 2022 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer operating primarily in China with assets in other countries, today announced its delivery of Bloom on Forty Fifth, a modernist-inspired eight-story new development features 92 condominium residences comprised of studio to four-bedroom homes. This property is located at 500 West 45th Street, New York City and has a full blockfront between West 44th and 45th Streets along Tenth Avenue. The closings and move-ins are underway this month, with over 20% of units already sold.
"I am very proud of our team in navigating the highly challenging environment throughout the COVID-19 pandemic and in maximizing this development opportunity to meet the market demand," stated Jared Simon, XDGI's Chief Executive Officer of International Real Estate. "This milestone showcases that we have successfully developed and owned a high-quality and well-located property in creating substantial value for our shareholders."
"We're excited to welcome the first wave of residents to Bloom, and are very pleased to receive their positive feedbacks on Bloom's many sought-after amenities, especially the access to outdoor spaces, as well as Bloom's ideal location to easily commute to Midtown, Hudson Yards, and Times Square," added David Chang, Sales Director at Compass Development Marketing Group, who is leading sales at the property.
With its enviable location, Bloom on Forty Fifth offers a prime destination in one of the most vibrant neighborhoods on Manhattan's burgeoning West Side. Residents of Bloom on Forty Fifth are moments away from dining, shopping, and cultural institutions with New York City's famous Theater District to its east. Bloom on Forty Fifth is also moments away from some of Manhattan's most prominent commercial towers including the Empire State Building and Google's forthcoming Hudson Yards campus, giving future residents the option of walking to work. In addition, residents can find transit options with nearby subway and Port Authority Bus Terminal at their convenience.
Designed by the award-winning Marvel Architects, Bloom on Forty Fifth brings a natural and contextual aesthetic to the Hell's Kitchen neighborhood, with a light façade made of glass, steel, and reinforced concrete. Located between Hudson River Park's waterfront greenspaces and Midtown's high-rises, residences at Bloom on Forty Fifth feature natural stones and woods such as Colonial Silver marble backsplashes and warm-toned wide-planked oak flooring to bring natural elements inside. Additionally, the residences offer the rare opportunity of light-filled north-, south-, east- and west-facing residences, with select homes featuring private outdoor space. Surrounded by low-rise buildings, Bloom on Forty Fifth connects residents to nature through a beautifully landscaped 8,000 square-foot elevated courtyard set between the north and south residential towers. The private open-air courtyard features a variety of plants and full-size trees, including honey locust trees and seating areas culminating in an idyllic setting for entertaining or private relaxation. The courtyard also features skylights that shed an abundance of natural light into the lobby.
Bloom on Forty Fifth's lobby features residents' lounge with a lush green wall, continuing the visual connection of nature throughout the building, a fireplace and floor-to-ceiling glass walls that open and close to adapt the space for different uses, such as entertaining or co-working. The lobby level also includes an elite fitness center, outfitted with cardio and strength training equipment to enhance residents' health and wellness. The building additionally features two common rooftops with seating areas and outdoor kitchens.
For more information, please visit the website www.bloom45.com and the on-site sales gallery at 500 West 45th Street or call (212) 289-4529.
surfer44
3 years ago
Xinyuan Announces Strategic Cooperation with Wanda Group
March 30 2022 - 09:27AM
PR Newswire (US)
BEIJING, March 30, 2022 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer operating primarily in China with assets in other countries, today announced that the Company and Wanda Group held a strategic cooperation conference in Beijing on March 28, 2022. Mr. Jianlin Wang, Chairman of Wanda Group, and Mr. Yong Zhang, Chairman of Xinyuan Real Estate, were in attendance. During the conference, Xinyuan and Wanda Group signed a strategic cooperation agreement (the "Agreement"). Pursuant to the Agreement, the parties will establish comprehensive and in-depth business cooperation in business and asset management, industrial real estate, and research and development.
Mr. Yong Zhang, Chairman of Xinyuan Group, said: "We are excited to cooperate with Wanda Group to explore new opportunities in the real estate and business and asset management verticals. Wanda Commercial Properties is the world's largest commercial real estate company. We are confident that this partnership will enable us to leverage our respective strengths and benefit the business of both sides and facilitate our future growth."
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real estate developer and property manager primarily in China with assets in other countries. In China, Xinyuan develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Tianjin, Zhengzhou, Jinan, Qingdao, Chengdu, Xi'an, Suzhou, Dalian, Zhuhai and Foshan. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. Xinyuan aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.
NYBob
3 years ago
XIN Great Real Estate Investment Nice Golf investment Watch; Chinese
from Hong Kong and China etc. buying up Point Roberts, WA
an investment of $475K+ may give them a greencard and immigration
rights needed to move in full time to stay and work in US -
(vs. Canada require about $2mil. + for immigration)
They bought the golf course, Marina and developed farms -
Ex.....
Bald Eagle Golf Club
Unlisted
555 views Jul 12, 2019
https://www.youtube.com/watch?v=pNYgIhD_RdU
Watch; This US City Could Be Sold To Canada
https://www.youtube.com/watch?v=ARYL03Dq8cg
if it happen? The property values in the Point Roberts may
go UP 5 times or better,
mick thanks, you are right on my friend; great wild life and
best fishing on the west coast, in the safest witness
protection area, only 30 min. drive to Vancouver BC Canada,
but still in US on the border to Canada to enjoy the best
of two countries; )
https://www.youtube.com/watch?v=UnXffkvWukU
5 acres Right beside one of the nicest golf clubs;
https://baldeaglepointroberts.com/
across a road from the golf course on Canadian side;
a small lot coast about $one mil.
so the 5 acres are a great bargain )
RealDutch
3 years ago
From January to October, 2021, the group completed and delivered over 9 thousand units of 12 projects in eight cities in China, totaling 1.05 million square meters. The floor area delivered in 1-10 month reached a record high year-on-year in the group history.
https://www.sec.gov/Archives/edgar/data/0001398453/000114036121039567/brhc10031302_ex99-1.htm
In 2021, the Company completed and delivered 12 projects, totaling 1.05 million square meters in eight cities in China.
https://www.sec.gov/Archives/edgar/data/0001398453/000114036121043414/brhc10032374_ex99-1.htm
I'm curious, so I looked it up.
Aggregate GFA delivered
2015 560,232
2016 1,278,492
2017 1,200,222
2018 861,323
2019 744,040
2020 ?
2021 1,050,000
How does this translate into revenues? It doesn't, IMO.
Still curious about those 2021 results. If it is back to business as usual, after a corona year in 2020, this could be a $7 stock.
RealDutch
3 years ago
The Hong Kong listed subsidiary, Xinyuan Property Management Service (67.5% owned by XIN) is worth $99M. Or $1.80 per XIN ADS share.
Well, it's been halted since March 2021. But we've seen the numbers already up to June 2021 and they are pretty good. So I don't see why the pps should come down when it resumes trading in Hong Kong. It's only a P/E of 6.
So you get $1.80 for that subsidiary (which is only a fraction of XIN's total revenue, like < 10%) and you get the rest (which was not profitable in 2020) for free.
A typical case of where the sum of the parts is worth much less than the individual parts
I think my $3 target is a good one, for now. Until we see the 2021 results.
Any self-respecting hedge fund would be loading up with XIN stock and shorting the subsidiary in HK. But hey, they are not that smart in general
Of course it is hard to see in how much "trouble" XIN really is. But I think it will be ok.