Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project
The Shui-On Land-Shanghai Pucheng joint project will take on the redevelopment of property parcels positioned in Pujiang Town, that extend to Jiageng Road to the east, Yaojia Bang to the south, Huichi Road to the west, as well as Xiaoyan Lake to the north.
“Over the past 30 years, Shui On Land has established a solid foothold in Shanghai and even joined renovation projects with tested capabilities in master planning, cultural conservation, neighborhood procedure and metropolitan regrowth,” states Jessica Wang, CEO of Shui On Land.
Shui On Land is the flagship real estate project business of the Shui On Group, a building-materials and construction company established by Hong Kong billionaire Vincent Lo.
According to an April 20 news release by Shui On Land, the brand-new development will certainly feature residential, commercial as well as secondary facilities. The mutual project is anticipated to preserve the distinct background and even heritage of Pujiang Community, while redeveloping it right into a “brand-new landmark of Shanghai”.
The plan will find the redevelopment of Zhaojia Lou Ancient Town, a place that has actually been identified by the Shanghai municipal government for urban renewal. Understood for its canals and even ancient water villages, it is a famous tourism place. In 2015, it was rated an AAAA travellers attraction by Chinese authorities, suggesting the place draws in over 500,000 visitors each year. Located next to the Shanghai Shenjiahu Expressway as well as the Shanghai North-South Elevated Roadway, the area is flanked by two subway lines.
She accentuate that the group has likewise commenced another large-scale city improvement project in Shanghai at Panlong Tiandi. “Our triumph in the Panlong Tiandi venture is a strong testimony to the group’s capabilities in the urban-village renovation, giving us assurance in the coming future opportunities of the Zhaojia Lou project,” Wang adds.
Hong Kong-listed building company Shui On Land has introduced that its branch, Shanghai Ruilou Enterprise Management, has created a joint move with state-owned enterprise Shanghai Pucheng to accomplish a redevelopment work at Pujiang Town, in the Minhang area of Shanghai, China.
