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

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

The Shui-On Land-Shanghai Pucheng joint venture will certainly take on the redevelopment of real estate parcels located in Pujiang Village, that stretch to Jiageng Road to the eastern, Yaojia Bang to the south, Huichi Road to the west, and also Xiaoyan Lake to the north.

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According to an April 20 press release by Shui On Land, the brand-new project will consist of residential, industrial and secondary facilities. The joint venture is expected to protect the distinct past history and even heritage of Pujiang Community, while redeveloping it into a “brand-new landmark of Shanghai”.

“Over the past thirty years, Shui On Land has indeed established a solid footing in Shanghai plus participated in renovation projects with tried and tested capabilities in master planning, cultural security, community procedure and even metropolitan regeneration,” states Jessica Wang, CEO of Shui On Land.

She accentuate that the group has actually likewise embarked on an additional large urban remodelling job in Shanghai at Panlong Tiandi. “Our success in the Panlong Tiandi work is a solid testimony to the group’s capabilities in the urban-village restoration, giving us assurance in the near future leads of the Zhaojia Lou plan,” Wang adds.

The project will certainly find the redevelopment of Zhaojia Lou Ancient Town, an area that has actually been determined by the Shanghai municipal government for rehabilitation. Known for its canals and old water communities, it is a well-known vacation area. In 2015, it was ranked an AAAA travellers destination by Chinese authorities, implying the area attracts over 500,000 guests annually. Situated alongside the Shanghai Shenjiahu Expressway and the Shanghai North-South Raised Roadway, the area is flanked by two subway lines.

Hong Kong-listed property company Shui On Land has announced that its branch, Shanghai Ruilou Enterprise Management, has indeed created a joint venture with state-owned venture Shanghai Pucheng to accomplish a redevelopment plan at Pujiang Town, in the Minhang area of Shanghai, China.


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