Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project
Shui On Land, a Hong Kong-listed property company, has announced that its subsidiary Shanghai Ruilou Enterprise Management has formed a joint venture with state-owned enterprise Shanghai Pucheng. The joint venture is for the purpose of executing a redevelopment project at Pujiang Town, in the Minhang district of Shanghai, China.The project will revamp the ancient Zhaojia Lou Town which is already recognised with a AAAA tourist attraction status by Chinese authorities. This is due to the area’s canals, water towns, and 500,000 annual tourists. Moreover, the area is accessible to two subway lines and flanked by the Shanghai Shenjiahu Expressway and the Shanghai North-South Elevated Road.The joint venture between Shui On Land and Shanghai Pucheng will handle the redevelopment of the land parcels located in Pujiang Town. The area stretches from Jiageng Road to the east, Yaojia Bang to the south, Huichi Road to the west and Xiaoyan Lake to the …

