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GuocoLand to grow brand to other cities
By Cherry Cao |
June 1, 2010, Tuesday
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Print Edition
Print Edition
SINGAPORE-BASED GuocoLand Ltd, a real estate developer controlled by Malaysian billionaire Quek Leng Chan, said over the weekend that it is keen to expand "Guoson Centre," a brand for mixed-use landmark projects, to more Chinese cities from its existing two as it continues to strengthen its presence across China.
The company, the property arm of Malaysian conglomerate Hong Leong Group, officially unveiled its US$80 million, 442-room Guoman Hotel on Saturday in Shanghai's Putuo District to herald the entry of the deluxe United Kingdom hotel brand, which runs four hotels in London, into the Asian market.
Guoman Hotel Shanghai is part of Guoson Centre Changfeng, a US$600 million, 500,000-square-meter project scheduled to be completed in 2012 which also comprises a shopping mall, SOHO, Grade A offices and serviced apartments.
"We are very keen to extend our Guoson Centre portfolio, which is under development in Shanghai and Beijing, to more Chinese cities in the future particularly in Nanjing, Tianjin and Chengdu," said Violet Lee, group managing director of GuocoLand (China) Ltd.
The company, the property arm of Malaysian conglomerate Hong Leong Group, officially unveiled its US$80 million, 442-room Guoman Hotel on Saturday in Shanghai's Putuo District to herald the entry of the deluxe United Kingdom hotel brand, which runs four hotels in London, into the Asian market.
Guoman Hotel Shanghai is part of Guoson Centre Changfeng, a US$600 million, 500,000-square-meter project scheduled to be completed in 2012 which also comprises a shopping mall, SOHO, Grade A offices and serviced apartments.
"We are very keen to extend our Guoson Centre portfolio, which is under development in Shanghai and Beijing, to more Chinese cities in the future particularly in Nanjing, Tianjin and Chengdu," said Violet Lee, group managing director of GuocoLand (China) Ltd.
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