Swire in retail deal
Source: Shanghai Daily |
August 1, 2015, Saturday
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Print Edition
Print Edition
SWIRE properties signed a framework agreement yesterday with a subsidiary of Shanghai Lujiazui Finance & Trade Zone Development Co Ltd to jointly develop a retail project in Shanghai’s Pudong New Area.
Located in the planned business area of Qiantan with an expected total gross floor area of 124,000 square meters, the project will be Swire’s second development in Shanghai after HKRI Taikoo Hui and also its first project in Pudong.
The joint venture will be formed under a 50-50 structure, according to a statement released yesterday by Swire.
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