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Smooth Completion of Lease Signing Operations for MeHAS Shopping Mall

Taipei City Department of Rapid Transit Systems (DORTS) announced the bid opening results for the public rental case of Xindian Depot (M17, 18, and 19) joint-development building’s shopping mall -- publicly owned property (location: No. 157, 159, Zhongyang Rd., Xindian Dist., New Taipei City, four floors above ground, and ownership of 960 parking spaces on B1, 2F, and 3F) on October 12, 2017. IKEA was the highest bidder for a monthly rent of NT$11,698,888 (with an approximately 2.96% premium). DORTS and IKEA completed lease signing and transfer of property operations on November 17, 2017, and IKEA will have 18 subsequent months for carrying out investor recruitment, shopping mall planning, and fire evacuation performance design and construction before opening for operation.