C Cheng (HKG:1486) unit C Cheng Investment entered into a property use agreement with C Cheng Future City related to the right of use of premises in China, a Monday filing with the Hong Kong bourse said.

Under the contract, C Cheng Investment exercised its rights to use an entire office floor in a building in Guangzhou, China, at nil consideration up until Feb.4, 2071.

The right of use was granted to the company under a joint venture arrangement involving the construction of the building.