SHANGHAI, April 18, 2012 /PRNewswire-Asia/ -- Shui On
Land Limited, the Shui On Group's flagship property
development company in Mainland China, launched Commercial Cluster
of Chongqing Tiandi to the public, domestic and international
enterprises and media, at Langham Hotel, Shanghai. Senior executives from Shui On Land introduced the features of the
Commercial Cluster of Chongqing Tiandi, which is positioned to be
the contemporary service centre for international commerce and
world enterprises. The office space in the Commercial Cluster
occupies 800,000 square metres, adequate to accommodate a thousand
of large-scale companies. In the first phase, a total office space
of 130,000 square metres will be leased to the enterprise tenants
global wise. "We are approaching approximately a hundred companies
currently, and the leasing revenue is expected to amount to
hundreds of millions," says Mr. Tang Ka Wah, Executive Director of Shui On Land.
The launch of Commercial Cluster of Chongqing Tiandi is a
proactive response to the trend that the manufacturing center is
transferring gradually from the eastern China coast area to the inland middle and
western China. A report from China
Commerce Department reveals that 480 enterprises,among the Global
Top 500 enterprises, have set up office or factories in
China, and mostly in the eastern
coast area in China. However,
those international enterprises, especially the manufacturers, are
facing some similar problems, such as increasing HR cost,
tight producing resources, and decreasing competitiveness. As
a solution to the difficulty, some of the multinational enterprises
have chosen to move its offices or factories to the more inland
area of China. Chongqing boasts attracting the most number of
Global Top 500 enterprises in middle and western China, among them are GM, HP and Ford.
"Chongqing has developed rapidly
since the implementation of the go-west strategy, and its charm and
potential for development is limitless," says Mr. Wei Chuanzhong, an officer from Yuzhong District
of Chongqing.
The rapid development brings huge opportunities, and yet at the
same time it requires the acceleration on the infrastructure and
commercial environment for business practice. Observing the growing
potential in the city, Shui On Land
develops world-class facilities to cater to the increasing
requirements in the rapidly growing municipal. The Commercial
Cluster of Chongqing Tiandi, which is set to become a world-class
landmark of contemporary living, consists of Grade A offices, a
five star hotel, luxury serviced apartments and a shopping
mall.
Occupying a site area of about 1.5 million square metres in
total, the Commercial Cluster contains a total area of 800,000
square metres of Grade A office space; 300,000 square metres. of
retail facilities; 400,000 square metres for a 5-star plus hotel, a
serviced apartment, car parks and other amenities. With a 468-metre
height, 1 Corporate Avenue, one of the three high risers in this
cluster, will be one of the world's tallest buildings, exceeding
the famous "TAIPEI 101" in
Taiwan and the Jin Mao Tower in
Shanghai. Designed by the renowned
architectural practice, KPF, this iconic landmark is destined to
become the most distinguished feature of the Chongqing skyline. Built to the highest
international specifications, Chongqing Tiandi is quickly becoming
the first choice of large corporations, leading financial and
trading services companies.
Like the Chuan Opera performers changes his faces on the launch
conference stage, with the rising of the Commercial Cluster and
other world-class facilities Shui On
Land develops, Chongqing is
ambitious to transform itself dramatically from an inland city into
an international financial settlement center and China's first inland offshore financial center
offering settlement services.
About Shui On Land
Headquartered in Shanghai,
Shui On Land (Stock Code: 272) is
the flagship property development company of the Shui On Group in
the Chinese Mainland with a proven track record in developing
large-scale, mixed-use city-core redevelopment projects. The
Company has eight projects in various stages of development in
prime locations of major cities, with a landbank of 13.0 million
sqm (11.1 million sq.m. of leasable and saleable GFA, and 1.9
million sq.m. of clubhouses, car parking spaces and other
facilities). The Company was listed on the Hong Kong Stock Exchange
on October 4, 2006, the largest
Chinese real estate enterprise listed that year. Shui On Land was included in the 200-Stock Hang
Seng Composite Index Series and Hang Seng Freefloat Index Series in
March 2007.
For further information, please visit
http://www.shuionland.com
SOURCE Shui On Land Limited