Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project
The plan will find the redevelopment of Zhaojia Lou Ancient Community, a location that has been identified by the Shanghai municipal government for rehabilitation. Known for its canals and even ancient water communities, it is a well-known tourism place. In 2015, it was rated an AAAA tourist destination by Chinese authorities, meaning the location draws in over 500,000 guests each year. Situated alongside the Shanghai Shenjiahu Expressway and the Shanghai North-South Raised Road, the area is flanked by 2 metro lines.
She showcase that the group has certainly additionally started one more large city improvement project in Shanghai at Panlong Tiandi. “Our success in the Panlong Tiandi work is a powerful testament to the group’s capabilities in the urban-village renovation, providing us confidence in the future prospects of the Zhaojia Lou venture,” Wang includes.
“Over the past 30 years, Shui On Land has established a solid footing in Shanghai plus participated in rehabilitation projects with tested capabilities in master planning, ethnic preservation, area operation and city regrowth,” says Jessica Wang, Chief Executive Officer of Shui On Land.
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Hong Kong-listed property business Shui On Land has introduced that its subsidiary, Shanghai Ruilou Enterprise Management, has indeed developed a consolidated venture with state-owned business Shanghai Pucheng to execute a redevelopment project at Pujiang Community, in the Minhang region of Shanghai, China.
Shui On Land is the front runner real property project firm of the Shui On Group, a building-materials and building firm founded by Hong Kong billionaire Vincent Lo.
According to an April 20 news release by Shui On Land, the brand-new property development will include household, industrial as well as secondary facilities. The mutual venture is assumed to preserve the one-of-a-kind background and even heritage of Pujiang Community, while redeveloping it right into a “new site of Shanghai”.
The Shui-On Land-Shanghai Pucheng joint project will undertake the redevelopment of land parcels located in Pujiang Area, which extend to Jiageng Road to the eastern, Yaojia Bang to the south, Huichi Road to the west, and Xiaoyan Lake to the north.
