During the Phase 2 renewal, China Tobacco committed to a lease term of 2.65 years to coincide with the expiry of the Phase 1 renewal.
The manager of EC World REIT has renewed a second major lease of some 74,057 sqm in relation to Hengde Logistics with China Tobacco Zhejiang Industrial.
The second major lease (Phase 2 renewal) came after the successful renewal of 152,752 sqm of space in October 2020 (Phase 1 renewal).
