Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project
The Shui-On Land-Shanghai Pucheng joint venture will certainly undertake the redevelopment of land parcels positioned in Pujiang Area, which stretch to Jiageng Road to the eastern, Yaojia Bang to the south, Huichi Road to the west, and Xiaoyan Lake to the north.
She highlights that the group has additionally started another large metropolitan renovation plan in Shanghai at Panlong Tiandi. “Our success in the Panlong Tiandi venture is a powerful testament to the group’s abilities in the urban-village remodelling, giving us confidence in the future prospects of the Zhaojia Lou project,” Wang adds.
According to an April 20 news release by Shui On Land, the brand-new property development will include domestic, business and supplementary centers. The joint project is expected to protect the one-of-a-kind history and even heritage of Pujiang Town, while redeveloping it into a “new landmark of Shanghai”.
Shui On Land is the flagship real property development company of the Shui On Group, a building-materials and building firm established by Hong Kong billionaire Vincent Lo.
“Over the past 30 years, Shui On Land has established a strong grip in Shanghai and joined renovation programs with tried and tested capacities in master preparation, societal preservation, neighborhood procedure and city regrowth,” states Jessica Wang, Chief Executive Officer of Shui On Land.
Hong Kong-listed real estate firm Shui On Land has announced that its branch, Shanghai Ruilou Enterprise Management, has indeed formed a joined project with state-owned venture Shanghai Pucheng to execute a redevelopment plan at Pujiang Town, in the Minhang region of Shanghai, China.
The project will certainly find the redevelopment of Zhaojia Lou Ancient Community, an area that has actually been recognized by the Shanghai community government for urban renewal. Understood for its canals and also old water communities, it is a famous vacation spot. In 2015, it was rated an AAAA travellers spots by Chinese authorities, indicating the location draws in over 500,000 visitors annually. Situated next to the Shanghai Shenjiahu Expressway as well as the Shanghai North-South Raised Roadway, the location is flanked by two subway lines.