Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project

Shui On Land is the flagship real property development firm of the Shui On Group, a building-materials also construction business founded by Hong Kong billionaire Vincent Lo.

She highlights that the group has certainly additionally embarked on one more massive city remodelling project in Shanghai at Panlong Tiandi. “Our success in the Panlong Tiandi project is a powerful testimony to the group’s abilities in the urban-village improvement, providing us confidence in the coming future leads of the Zhaojia Lou project,” Wang includes.

The Shui-On Land-Shanghai Pucheng joint project will undertake the redevelopment of property parcels situated in Pujiang Area, that reach to Jiageng Roadway to the eastern, Yaojia Bang to the south, Huichi Road to the west, and also Xiaoyan Lake to the north.

“Over the past thirty years, Shui On Land has indeed created a strong grip in Shanghai and even joined rehabilitation campaigns with proven capacities in master planning, societal preservation, community operation and metropolitan regeneration,” says Jessica Wang, CEO of Shui On Land.

Hong Kong-listed real estate firm Shui On Land has announced that its subsidiary, Shanghai Ruilou Enterprise Management, has definitely formed a joined project with state-owned business Shanghai Pucheng to perform a redevelopment project at Pujiang Town, in the Minhang area of Shanghai, China.

According to an April 20 press release by Shui On Land, the brand-new project will certainly include residential, business and also secondary establishments. The joint venture is expected to preserve the one-of-a-kind past history along with culture of Pujiang Town, while redeveloping it into a “brand-new spots of Shanghai”.

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The plan will certainly view the redevelopment of Zhaojia Lou Ancient Community, a location that has actually been identified by the Shanghai community government for rehabilitation. Understood for its canals and ancient water towns, it is a popular vacation spot. In 2015, it was ranked an AAAA travellers destination by Chinese authorities, meaning the location brings in over 500,000 visitors each year. Situated alongside the Shanghai Shenjiahu Expressway as well as the Shanghai North-South Raised Road, the location is flanked by two subway lines.

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