Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project
The Shui-On Land-Shanghai Pucheng joint project will certainly embark on the redevelopment of real estate parcels located in Pujiang Village, that stretch to Jiageng Road to the eastern, Yaojia Bang to the south, Huichi Roadway to the west, and Xiaoyan Lake to the north.
She accentuate that the group has actually also commenced one more large-scale city improvement job in Shanghai at Panlong Tiandi. “Our success in the Panlong Tiandi work is a strong testament to the group’s capabilities in the urban-village renovation, giving us assurance in the near future opportunities of the Zhaojia Lou project,” Wang adds in.
Hong Kong-listed property company Shui On Land has recently declared that its subsidiary, Shanghai Ruilou Enterprise Management, has definitely developed a consolidated venture with state-owned business Shanghai Pucheng to accomplish a redevelopment work at Pujiang Community, in the Minhang area of Shanghai, China.
“Over the past thirty years, Shui On Land has indeed established a solid foothold in Shanghai plus joined urban renewal campaigns with proven capacities in master preparation, ethnic preservation, community operation and even city regrowth,” states Jessica Wang, Chief Executive Officer of Shui On Land.
The plan will certainly view the redevelopment of Zhaojia Lou Ancient Town, an area that has been recognized by the Shanghai local government for rehabilitation. Recognized for its canals and also old water villages, it is a famous vacation place. In 2015, it was ranked an AAAA tourism spots by Chinese authorities, meaning the place draws in over 500,000 guests every year. Located alongside the Shanghai Shenjiahu Expressway and also the Shanghai North-South Elevated Roadway, the area is flanked by two train lines.
Shui On Land is the front runner real property project company of the Shui On Group, a building-materials and building firm started by Hong Kong billionaire Vincent Lo.
According to an April 20 press release by Shui On Land, the brand-new property development will certainly feature domestic, business and also ancillary establishments. The shared venture is anticipated to maintain the distinct history and even culture of Pujiang Community, while redeveloping it into a “brand-new landmark of Shanghai”.
