The sale of a soon-to-be-completed shopping mall in Taipei County owned by a financially strapped appliance maker has attracted the interest of five potential buyers, the deal＊s arranger said yesterday.
Taiwan Kolin (夆釱) is asking for NT$6 billion (US$182 million) for the mall in Sinjhuang City (蜪薧).
※There shouldn＊t be any problem closing the deal by the third quarter of this year,§ Gordon Kao (邴棬艟), vice president of Savills Taiwan, said by telephone.
The shopping mall, the first and only one in the highly populated city, is expected to generate a return of NT$450 million per year for the new buyer, he said, adding that cash-strapped Kolin put the property up for sale last week.
The mall, located near Fu Jen Catholic University and a mass rapid transit (MRT) station that will start operations in 2012. It has a lot size of about 11,200 ping (37,000m昌) and total floor area of 32,000 ping (105,600m昌), the realtor said.
Nearly 57 percent of the factory-turned shopping mall＊s floor space has been leased to retailers, including hypermarket RT-Mart (豇躽菕), Ambassador Theater (玿瑐蝭僗) and Toys※R§Us Inc.
Although construction of the NT$1.5 billion mall was halted late last year by the bankrupt owner, Kolin has promised to resume and complete the construction for the new buyer one year after the deal is sealed, Kao said.
According to Savills Taiwan, sales of local commercial properties reached NT$35.2 billion in the first six months of this year, a 60 percent growth year-on year. This shows continuing investor interest after the government eased restrictions on Chinese investment, it said.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS