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New alliance with major Beijing property firm, HPEG

Beijing based ‘Heyday Property Enterprise Group’ (HPEG) have entered into a Property Alliance with Bannon, Ireland’s leading Retail Property Consultants.

HPEG currently operates 3 divisions within mainland China: Investment Consultancy and; Retail franchises. The firm employs over 160 staff and are currently involved in the following projects of over 1 million sq.ft.:

– Daxing Fire Temple International Shopping Center (FTMALL)
– Beijing Daxing Fenix (Fenghuang) Plaza
– Shanxi Jincheng International Trade Center
– Shanxi Yulin Southgate Shopping Center
– Zhangjiakou Time Square
– Beijing Xizhimen Hotel

The firm is also developing a major leisure, golf and residential resort at Mount Yellow, famous holiday destination in An Hui province.

Speaking about the alliance with Bannon, Max Wu CEO (HPEG) stated that he was ‘impressed with the track record of Bannon particularly in the context of the International Award winning Dundrum Town Centre and various other retail and regeneration schemes around the country including Dublin Central and Athlone Towncentre’. He confirmed that HPEG had engaged with a number of Irish and International Agents but saw ‘the youth, dynamism and tailored expertise of Bannon as being the decisive factors in selecting the firm to offer premium service and advice on their portfolio in the coming years’.

Neil Bannon MD of Bannon stated that it was ‘testimony to the hard work and endeavours of the firm’s employees that it had been selected to work with such a prestigious company as HPEG in the vibrant, exciting retail arena of Beijing. Our commitment to maximising client profitability combines perfectly with HPEG’s extensive development client base. The Chinese market is where there is enormous opportunity for both HPEG and Bannon clients.’

It is understood that the agreement will be for a period of 4 years and that Bannon will commence work with HPEG on a major retail scheme in downtown Beijing in the autumn.