New Times Plaza is located at No. 25 Maliandao Road, Xicheng District, Beijing, the PRC. The Property is a commercial development with a GFA of 69,540 sq. m. comprising 15 storeys above ground and three storeys basement. Construction of the property was completed in early 2012.
A total of 364 car park spaces are located in the two lower storeys of the basement. The car park has a GFA of 11,541 sq. m. and other ancillary areas have a GFA of 6,043 sq. m.. The shopping mall occupies seven floors of the Property on 1st floor of the basement and 1st to 6th floor of the Property and has a GFA of 38,214 sq. m.. It commenced operation in December 2012. A total of 168 office units are located on 7th to 15th floor of the property with a GFA of approximately 13,742 sq. m.. The construction and partitioning, the interior renovation work and furnishing were completed in late 2012.