Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project
Shui On Land is the flagship real estate project firm of the Shui On Group, a building-materials also construction firm established by Hong Kong billionaire Vincent Lo.
“Over the past thirty years, Shui On Land has indeed developed a solid foothold in Shanghai and even took part in renovation programs with proven capabilities in master planning, cultural security, neighborhood operation and even city regeneration,” claims Jessica Wang, CEO of Shui On Land.
Hong Kong-listed building firm Shui On Land has already declared that its subsidiary, Shanghai Ruilou Enterprise Management, has created a joint move with state-owned enterprise Shanghai Pucheng to accomplish a redevelopment project at Pujiang Town, in the Minhang area of Shanghai, China.
The project will certainly view the redevelopment of Zhaojia Lou Ancient Community, a location that has actually been identified by the Shanghai municipal government for urban renewal. Known for its canals and also old water villages, it is a famous tourist spot. In 2015, it was ranked an AAAA tourism spots by Chinese authorities, meaning the place draws in over 500,000 guests yearly. Found next to the Shanghai Shenjiahu Expressway and also the Shanghai North-South Raised Road, the area is flanked by two train lines.
She accentuate that the group has certainly additionally embarked on one more large-scale city remodelling plan in Shanghai at Panlong Tiandi. “Our results in the Panlong Tiandi venture is a solid testament to the group’s capacities in the urban-village renovation, offering us faith in the coming future opportunities of the Zhaojia Lou plan,” Wang adds in.
The Shui-On Land-Shanghai Pucheng joint venture will certainly take on the redevelopment of property parcels located in Pujiang Village, which reach to Jiageng Road to the eastern, Yaojia Bang to the south, Huichi Road to the west, as well as Xiaoyan Lake to the north.
According to an April 20 press release by Shui On Land, the brand-new development will certainly include domestic, industrial as well as secondary centers. The mutual venture is anticipated to protect the one-of-a-kind past history and even heritage of Pujiang Community, while redeveloping it into a “brand-new landmark of Shanghai”.
