The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
3
print
Print
RetailRenee McKeownFri 21 Feb 20

Hongkong Land Secures US$4.4bn Shanghai Site

533c8d22-488a-4081-b862-31894aca131f

Hongkong Land Holdings Limited secured a US$4.4 billion (A$6.6bn) mixed-use site on the West Bund of Shanghai in a deal with the Chinese government.

One of Asia's largest conglomerates, Hongkong Land is developing a A-grade office, retail, residential and hotel precinct with a gross floor area of 1,087,050sq m, built across multiple stages by 2027.

The transaction for the 23.1 hectare site—along the Huangpu River South Extension area—is in line with the group’s strategy to acquire prime sites in key gateway cities across Asia.

Hongkong Land has extensive large commercial development projects in Hong Kong, Singapore, Beijing and Jakarta.

Related: Chinese-based Dahua Moves On $350m Sydney Masterplan

▲ Hongkong Land Holdings Limited already have the Caohejing project in Shanghai on an 11.83-hectare site.

Their first development in Shanghai was Parkville which opened in 2018 and the Group also had the Caohejing Project in development.

This latest Shanghai project would be partially funded by pre-sales with about a quarter of the land able to be sold in accordance with the land grant.

The term of land use rights was 70 years for residential purposes, 50 years for office and 40 years for retail and hotel.

Hongkong Land is a member of the Jardine Matheson Group and is listed on the London Stock Exchange with secondary listings in Bermuda and Singapore.

HotelRetailResidentialInternationalConstructionFinancePlanningPlanningDeal
AUTHOR
Renee McKeown
More articles by this author
ADVERTISEMENT
TOP STORIES
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
5 Min
Korean coliving hero
Exclusive

Disconnection by Design: Why ‘Untech’ is the Next Big Amenity

Clare Burnett
5 Min
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
View All >
Planning

Bipartisan NSW Planning Reform a Welcome Surprise

Patrick Lau
Kincrest Hollick Place HERO
Residential

Kincrest Acquires Second Essendon Site After Sellout

Leon Della Bosca
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
Policy framework is in place, land is available, but there’s one hurdle to clear before the sector can works its magic..…
LATEST
Planning

Bipartisan NSW Planning Reform a Welcome Surprise

Patrick Lau
5 Min
Kincrest Hollick Place HERO
Residential

Kincrest Acquires Second Essendon Site After Sellout

Leon Della Bosca
3 Min
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
5 Min
Darwin Sentinel Industrial East Arm Deal hero
Industrial

Sentinel Property Expands NT Portfolio with $57.4m Buy

Phil Bartsch
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/hongkong-land-secure-666bn-shanghai-site