Hong Kong-based Sun Hung Kai Properties (SHKP) announced that it has won the tender for the Xu Jia Hui Centre Project in Shanghai through its wholly-owned subsidiary Well Master for RMB21.77 billion (approximately HK$27.58 billion). The project will be in the Xu Jia Hui commercial core of Shanghai, close to the Xu Jia Hui metro station.
     The Xu Jia Hui Centre Project will have a total site area of over 99,000 square metres and a total gross floor area above ground of approximately 584,000 square metres. SHKP tentatively plans to develop an integrated commercial complex with 70% premium offices and 30% for retail and hotel use.
     SHKP Chairman and Managing Director Thomas Kwok said: "The Xu Jia Hui site is in a premium location with great development potential.  We are committed to high-quality developments and have extensive experience in producing large integrated projects in Hong Kong and on the mainland. Following Shanghai IFC and Shanghai ICC, we hope to bring yet another new dazzling landmark to Shanghai with the Xu Jia Hui Centre Project."




Shanghai IFC ¨C developed by SHKP
(Photo courtesy: SHKP)