Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project
The project will certainly see the redevelopment of Zhaojia Lou Ancient Community, a place that has actually been determined by the Shanghai local government for renovation. Recognized for its canals and also old water towns, it is a well-known vacation spot. In 2015, it was ranked an AAAA tourism spots by Chinese authorities, suggesting the place draws in over 500,000 visitors yearly. Situated alongside the Shanghai Shenjiahu Expressway and the Shanghai North-South Raised Roadway, the area is flanked by two train lines.
According to an April 20 press release by Shui On Land, the brand-new property development will certainly feature domestic, business and also supplementary centers. The mutual project is expected to preserve the special history along with culture of Pujiang Community, while redeveloping it right into a “brand-new landmark of Shanghai”.
“Over the past three decades, Shui On Land has certainly created a strong grip in Shanghai plus took part in renovation projects with tested capacities in master planning, ethnic conservation, neighborhood operation and even urban regeneration,” claims Jessica Wang, Chief Executive Officer of Shui On Land.
Hong Kong-listed property business Shui On Land has recently introduced that its branch, Shanghai Ruilou Enterprise Management, has definitely created a joined venture with state-owned venture Shanghai Pucheng to accomplish a redevelopment work at Pujiang Community, in the Minhang region of Shanghai, China.
The Shui-On Land-Shanghai Pucheng joint project will undertake the redevelopment of land parcels located in Pujiang Area, which stretch to Jiageng Road to the eastern, Yaojia Bang to the south, Huichi Roadway to the west, as well as Xiaoyan Lake to the north.
Shui On Land is the flagship real property project company of the Shui On Group, a building-materials plus construction company founded by Hong Kong billionaire Vincent Lo.
She accentuate that the group has actually likewise embarked on another massive urban remodelling project in Shanghai at Panlong Tiandi. “Our results in the Panlong Tiandi project is a strong testimony to the group’s capacities in the urban-village restoration, offering us assurance in the future prospects of the Zhaojia Lou plan,” Wang adds.