SHANGHAI
OCTOBER 1991
POST ESTATE STRATEGY
PART 1 : ESTATE FACTS
Area Manager : Derek Savage ROE: £1 = 9.2740 yen
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2.1
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3.1
GENERAL DETAILS
Consulate General with 3 UK based staff
*TWO coverage from Mr Brian Hooker (*B&CE) Tokyo *M&E coverage is provided from London
*TWS coverage from Mr Andy Andrews (M&E) Peking until November 1991 when he will be replaced by Mr Ron Huddy
(B&CE)
Last FCO Inspection November 1990: Last Security Inspection Nov 1988
THE ESTATE
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Offices 244 Yong Fu Lu, Shanghai, Peoples' Republic China. House comprises both Offices and Consul General's Residence.
Leased 3 years from 1 December 1990 at US$6,630.00 p.m. with an increase of 10% in year 3.
Site Area 1,685m2. Floor Area 685m2.
Residence - 244 Yong Fu Lu, Shanghai, Peoples' Republic of China.
Lease Details as for Offices.
The Residence is on the upper floor and has no independent
access.
Residential Accommodation - 2 furnished apartments on 5 year leases from 1 December 1989.
Other Properties
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None
Amenities There are no officially provided amenities. However, the complex housing the 2 staff apartments includes a swimming pool, 2 tennis courts, 2 squash courts, gymnasium, sauna, coffee shop and restaurant.
RELEVANT FACTORS
Shanghai is the centre of the most important industrial and Commercial area of China and its greatest port. It is a difficult city in which to do business. No qualified professional help is available locally so we have to use the services of architects etc. from Hong Kong or Singapore. Rents are high and are paid in hard currency. Money cannot be repatriated.
* TWS * TWO
* M&E
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Technical Works Supervisor
Technical Works Officer
Mechanical and Electrical
* B&CE – Building and Civil Engineering
PJJN.569