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

According to an April 20 bulletin by Shui On Land, the new development will certainly include residential, industrial as well as supplementary establishments. The joint venture is expected to preserve the special background and even culture of Pujiang Community, while redeveloping it right into a “brand-new landmark of Shanghai”.

The plan will certainly see the redevelopment of Zhaojia Lou Ancient Community, a location that has actually been identified by the Shanghai community government for renovation. Known for its canals and even ancient water villages, it is a popular vacation place. In 2015, it was ranked an AAAA travellers spots by Chinese authorities, suggesting the area draws in over 500,000 guests each year. Found next to the Shanghai Shenjiahu Expressway and also the Shanghai North-South Elevated Roadway, the area is flanked by two train lines.

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

She showcase that the group has additionally embarked on another large-scale metropolitan remodelling job in Shanghai at Panlong Tiandi. “Our success in the Panlong Tiandi venture is a solid testimony to the group’s capacities in the urban-village restoration, giving us assurance in the coming future prospects of the Zhaojia Lou plan,” Wang includes.

The Shui-On Land-Shanghai Pucheng joint project will embark on the redevelopment of property parcels situated in Pujiang Village, which extend to Jiageng Road to the eastern, Yaojia Bang to the south, Huichi Roadway to the west, as well as Xiaoyan Lake to the north.

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“Over the past 30 years, Shui On Land has certainly developed a strong footing in Shanghai and joined urban renewal projects with tried and tested capabilities in master planning, societal preservation, neighborhood procedure and metropolitan regeneration,” says Jessica Wang, Chief Executive Officer of Shui On Land.

Hong Kong-listed building business Shui On Land has already announced that its branch, Shanghai Ruilou Enterprise Management, has indeed created a joined venture with state-owned enterprise Shanghai Pucheng to perform a redevelopment plan at Pujiang Town, in the Minhang region of Shanghai, China.

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