Shui On Land, a Hong Kong real estate development company managed by billionaire Vincent Lo, has filed an application with the Hong Kong Stock Exchange and has 13 commercial investment properties, including Shanghai’s iconic tourist district, Xintiandi. Was listed individually.
The spin-off, called Shui On Xintiandi, also includes commercial and residential real estate management and commercial wealth management.
According to Monday’s filing, spin-off commercial real estate assets will span five cities in addition to Shanghai: Wuhan, Nanjing, Foshan and Chongqing (click here for filing details and press release here Please click on the).
Xintiandi, adjacent lakes and adjacent parks are part of a larger development area called “Taiping qiao” launched by Hong Kong developer Shui On Land in 1996. The 22 blocks are part of Shanghai Tower’s swath, which was popular among Hong Kong developers in the 1990s, when Shanghai was in the early stages of the post-Mao economic boom. The aging residential area of the time, covered with unique “Lontan” houses and “Ishigomon” Ishigomon, has been a trendy and award-winning landmark since its completion in 2001. Thousands of visitors pass by local retailers such as Barberry and Sephora every day. , Tom Ford, Swatch, Lululemon, Tesla, Bose.
Lo’s family is one of the most successful business clans in Hong Kong. Vincent is today’s Forbes Real-Time Billionaireist and is worth $ 1.9 billion.
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