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Wuhan, February 16, 2006: Today marks the commencement
of construction for the first phase of "Hankou
Tiandi", part of a large-scale, mixed use development
by Shui On Land Ltd to redevelop the Yongqing area in
Wuhan city. This represents the first major development
project by Shui On Land in central China, in support
of the city's plans for strategic long-term development
and internationalization.
The groundbreaking ceremony for Hankou Tiandi, located
in the Yongqing area of Jiangan District in Hankou Town
in Wuhan, Hubei Province, took place at the construction
site. Dignitaries in attendance included Secretary of
CPC Wuhan Municipal Committee Miao Wei, Mayor Li Xiansheng,
Zhu Yi of the CPC Municipal Committee, Deputy Mayor
Yin Weizhen and Tan Renjie of the Municipal Government,
Secretary of CPC Jiangan District Committee Huang Weiguo,
District Governor He Yan as well as Mr. Vincent H.S.
Lo, Chairman and CEO of Shui On Land and Mr. Wilfred
Y.W. Wong, Vice-Chairman and COO of Shui On Land.
Shui On Land has a successful history in urban renewal
projects in the Chinese mainland. Honoured to be able
play a role in Wuhan's redevelopment, Mr. Lo said, "Shui
On Land seeks to combine innovative master planning
concepts, leading-edge construction technologies, as
well as extensive management experience dedicated to
this project. With our expertise, we believe we can
help Wuhan to become a regional hub in central China,
and put it on par with other major cities around the
world."
Wuhan is framed by the Yangtze and Han rivers, forming
part of the triangular city cluster with Hankou, Wuchang
and Hanyang. Hankou Town is divided into Jiangan, Jianghan
and Qiaokou districts. Hankou Tiandi is located in the
Jiangan district, covering a site area of approximately
610,000 square meters, and consists of two main sites:
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Site A will comprise office buildings, F&B,
entertainment and retail facilities. Phase I will
preserve and restore nine historical buildings dating
back to the early 1920's or 30's, injecting new
life into traditional buildings with their own unique
architectural features, thereby enhancing their
commercial operation value. They are designed to
transform into Wuhan's new landmark. We also propose
to build a 250-metre tall landmark office tower.
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Site B will comprise mainly residential units supported
by commercial services and amenities.
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total gross floor area is approximately 1.5 million
square meters including open space, and project completion
is expected by 2014. This project is multi-purpose,
offering a mix of Grade 'A' office buildings, high-end
retail and residential properties and hotels. It is
designed to be an extension and enlargement of the Zhongshan
Boulevard Commercial area, providing a gentrified urban
environment with widened green spaces.
Grade 'A' office buildings and modern residences at
Hankou Tiandi will combine to create an ideal "live-work"
environment. Attractively fashionable as a place to
live and work, it will offer a wide selection of cultural
and entertainment activities. We believe these attractions
will help bring and retain leading talent to the city.
Every Shui On Land project is in alignment with the
future development objectives of the cities in which
the company invests. Through a combination of traditional
architecture and modern construction technologies, Shui
On Land has created a trademark approach to master planning
and a trajectory for the company's own long term growth
as it expands together with its host cities. We hope
that Hankou Tiandi will pave the way for an influx of
world-class companies by creating high quality commercial
and residential facilities. It aims to transform Wuhan
into a compelling location for foreign investors and
local professionals. Upon completion, our aim for this
project is for it to become not only the gateway to
Hankou, but also a focal point of central China.
About Shui On Land
Established in 2004 and headquartered in Shanghai, Shui
On Land Limited is the PRC flagship property company
of the Shui On Group. Backed by a prestigious group
of investors, including Asia Real Estate Income Fund
(backed by Ergo), MetroProp (China), Co-Investment Limited
Partnership V (SOL), Ocean Equity Holdings Limited,
Value Partners Funds, Standard Chartered Bank (Hong
Kong) Limited, Shanghai Hope International Limited and
Jebsen and Company Limited, Shui On Land leverages the
Group's proven track record in developing large-scale
integrated property projects.
Shui On Land focuses on large scale projects, primarily
of the following two types: City-Core Development Projects,
which are large-scale, mixed-use, multi-phased developments
typically consisting of office, residential, retail,
entertainment and cultural properties, and Integrated
Residential Development Projects, which are high-quality
urban residential developments typically comprising
residential accommodation, a school and commercial,
retail and recreational areas.
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