Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project
The plan will view the redevelopment of Zhaojia Lou Ancient Town, an area that has been recognized by the Shanghai community government for urban renewal. Recognized for its canals and even old water communities, it is a well-known tourist area. In 2015, it was ranked an AAAA tourism attraction by Chinese authorities, indicating the location brings in over 500,000 visitors yearly. Located alongside the Shanghai Shenjiahu Expressway and also the Shanghai North-South Elevated Roadway, the location is flanked by two metro lines.
Shui On Land is the flagship real estate project company of the Shui On Group, a building-materials and construction firm founded by Hong Kong billionaire Vincent Lo.
“Over the past 30 years, Shui On Land has developed a strong grip in Shanghai plus participated in rehabilitation campaigns with tried and tested capabilities in master preparation, societal preservation, community operation along with urban regeneration,” says Jessica Wang, CEO of Shui On Land.
She showcase that the group has certainly likewise commenced an additional large-scale urban remodelling job in Shanghai at Panlong Tiandi. “Our results in the Panlong Tiandi project is a powerful testament to the group’s abilities in the urban-village remodelling, offering us faith in the future prospects of the Zhaojia Lou venture,” Wang adds in.
According to an April 20 bulletin by Shui On Land, the new property development will certainly include residential, industrial and ancillary establishments. The shared project is assumed to maintain the unique background and even heritage of Pujiang Town, while redeveloping it right into a “new spots of Shanghai”.
The Shui-On Land-Shanghai Pucheng joint project will embark on the redevelopment of real estate parcels located in Pujiang Area, that stretch to Jiageng Road to the east, Yaojia Bang to the south, Huichi Road to the west, and also Xiaoyan Lake to the north.
Hong Kong-listed property firm Shui On Land has recently introduced that its branch, Shanghai Ruilou Enterprise Management, has developed a consolidated venture with state-owned enterprise Shanghai Pucheng to perform a redevelopment plan at Pujiang Town, in the Minhang area of Shanghai, China.