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On 26 November 2018, land parcel of BPY-l010, BPY-l013 and BPY-l011 in village Baipenyao, Fengtai District, Beijing, which was quoted and transferred by Beijing Municipal Commission of Planning and Natural Resources, went into the stage of collective bidding. This collective bidding attracted China Railway Real Estate Group., Ltd., China Railway Nord Group., Ltd., the union of Shoukai+Jindi+Huarun+Pingan, Xincheng, Huafa, Jinma, etc.

After fierce on-site bidding, land parcel BPY-l010 and BPY-l013 with initial price of RMB 4.624 billion went through 64 rounds of bidding, and finally was acquired by Beijing China Railway Nord Real Estate Development Co., Ltd. at the price of RMB 5.84 billion with a premium rate of over 26%. After 49 rounds of bidding, the land parcel BPY-l011 with initial price of RMB 5.6 billion was successfully acquired by China Railway Real Estate Group Co., Ltd. at the price of RMB 7.02 billion with a premium rate of more than 25%.

During the process of the parcel’s listing, the lawyer team composed of managing partner Meng Lei, partner Ren Huan, Zhang Rong, Tan Che from real estate business line of Guantao Beijing office as well as senior adviser Zeng Hong provided the listing of Baipenyao land parcel with legal services all the way. The team offered high-quality legal service in plan formulation and implementation, acting as the agent of civil and administrative litigation in the process of demolition, the financing of the land development, re-listing preparations after the first-time listing auction of the land, etc.