Shui On Land’s first large-scale, “city-centre master-planned community” project, in Huangpu, Shanghai. SOM Co., Ltd. (Skidmore, Owings and Merrill, LLP) is masterplan consultant of the overall community development. the project, with a planned total gross floor area of approximately 1.3 million sq.m.. The project is comprised of several main components: historical redevelopment zone Shanghai Xintiandi in the west; premium offices in Corporate Avenue in the North; Luxury residential area Lakeville in the South; mixed-use shopping and entertainment business centre to the East, and an artificial lake and greeneries at the centre.
The main components of this community are:
On July 5, 2018, Shui On Development (Holding) Limited, a wholly-owned subsidiary of the Company, invested in partnership with CPIC Life and YongYe (with 25%, 70% and 5% interests, respectively), successfully won the three land parcels numbered 123, 124 and 132, located in the vicinity of Middle Huaihai Road, Huangpu, Shanghai.
At present, Shanghai Ruiyongjing Real Estate Development co., LTD., the main developer of the land parcelS, has been established. Shui On Development (Holding) Limited, China Pacific life insurance and yongye group hold 25%, 70% and 5% shares respectively.
To the future, the development of this land will form a comprehensive development project of business, office and residence with the completed properties developed by the Company in Taipingqiao area. The project will be a new chapter in Shui On Land’s sustained endeavours of over twenty years contributing to the Taipingqiao Development, and will add further vibrance to Shanghai’s continued urban renewal effort.