Government News
Kerry Properties kicks off construction of largest investment on mainland 2023-08-23
Kerry Properties has launched its new mixed-use project in Shanghai's Huangpu district, its largest investment in the market. [Photo/chinanews.com]
Leading property investment and development company Kerry Properties has launched its new mixed-use project in Shanghai's Huangpu district, its largest investment in the market, to showcase its strong confidence and commitment to the city's development.
Kerry Properties hosted a groundbreaking ceremony for its Kerry Jinling Lu Project in Shanghai's Huangpu district on August 23.
Designed to become a landmark and a mega urban mixed-use project, Kerry Jinling Lu Project will encompass residential properties, offices, retail spaces and hotels, yielding a total gross floor area of about 663,000 square meters upon completion.
The project is expected to be completed in phases from 2027 to 2029.
The project pledges to preserve the time-honored architectural styles of Jinling Road, and include a flagship shopping street nearly one kilometer long accented by unique arcade buildings that line its sides.
"Through this project, Kerry Properties aims to promote urban regeneration in Shanghai and to contribute to the city's high-quality development," said Kuok Khoon Hua, chairman and chief executive officer of Kerry Properties, at the event.
"We have great confidence in the future growth of the Chinese mainland market and are fully committed to improving urban areas through our projects on the mainland."
Kerry Properties is a leading property investment and development company on the mainland and Hong Kong, currently developing projects in over 15 cities, including Beijing, Shanghai, and Hangzhou, Zhejiang province.
Source: China Daily
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