Asia’s leading property developer, Hongkong Land, and China Merchants Shekou Holdings today celebrated the grand opening of joint venture project Landmark Riverside Park, Chongqing’s first cultural tourism complex.
The development is located in the central business area of Danzishi in Chongqing’s Nanan District, between the Yangtze and Jialing rivers. The ceremony was attended by Mr Lai Jiao, General of the Chongqing Commercial Committee; Mr Lin Bin, General of Chongqing Nanan district’s NPC Committee; Mr Huang Changlin, Chairman of CPPCC Chongqing Nanan District; Mr Robert Wong, Chief Executive of Hongkong Land and Mr Sun Chengming, Vice President of China Merchants Group.
Speaking at the ceremony, Mr Wong said, “Landmark Riverside Park is Hongkong Land’s first commercial project in Chongqing. It embodies our vision of developing quality projects that strengthen and enhance the urban fabric of major cities across Asia. We are thankful for our close partnership with China Merchants Shekou Holdings, whose collaboration has helped provide a world-class destination for Chongqing, and we plan on being actively involved in the development of the city and Nanan District to continue building a first-class business district.”
“We anticipate that Landmark Riverside Park will be a cultural tourism attraction, a lifestyle centre, and a destination for leisure, entertainment, travel and shopping,” said Mr Sun. “It will also serve as a springboard for enhanced urban planning in Chongqing. China Merchants Shekou Holdings is committed to giving this historic city new life and continuing to play a leading role in China’s urban development.”
Landmark Riverside Park brings world-class standards and best practices for commercial and lifestyle developments to bear in the fast-growing Chongqing market. Located in an area of rich cultural heritage and history, it was designed to link the city’s storied past to its promising future, and to connect local society with the world through a multicultural environment.
The development has a total gross floor area of 120,000 sq. m. Among its numerous attractions are Madame Tussauds, the famous waxworks museum, and SEA LIFE, the world’s biggest aquarium brand. The Chongqingcultural and creative hub “Maker Space”, a cultural experience area provides visitors with a taste of authenticChongqing culture. Dining options include a wide selection of high-end local and international outlets, and the retail offering features leading brands from around the world. Approximately 2,000 parking spaces enable convenient access for local residents. The development also involved the rehabilitation of one kilometre of marble stone streets as well as the renovation of the old French navy barracks.
Hongkong Land is a listed leading property investment, management and development group. Founded in 1889, Hongkong Land’s business is built on excellence, integrity and partnership.
The Group owns and manages almost 800,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong and Singapore. Hongkong Land’s properties attract the world’s foremost companies and luxury brands.
Its Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high quality residential and mixed-use projects under development in cities across Greater China and Southeast Asia, including a luxury retail centre at Wangfujing in Beijing. In Singapore, its subsidiary, MCL Land, is a well-established residential developer.
Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange as its primary listing, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.
China Merchants Shekou Holdings
China Merchants Shekou Holdings (CMSK) is a flagship company engaged in comprehensive urban development under the century-old China Merchants Group (CMG). CMSK is also a leading urban and industrial park/zone developer, operator and service supplier in China.
Founded in 1872, China Merchants Group is the oldest conglomerate in Mainland China and a major state-owned enterprise directly under State-owned Assets Supervision and Administration Commission (SASAC). In 2015, Total Assets: RMB6.4 trillion, Owners’ Equity: RMB660 billion. The China Merchants Group owns 29 publically-listed (Mainland China, Hong Kong and Singapore) subsidiaries, Engaging in Industry and Finance on a Global Scale.
Went public after the merger of China Merchants Shekou Industrial Zone and China Merchants Property Development, China Merchants Shekou Holdings (CMSK) was born out of the merging of China Merchants Shekou Industrial Zone and China Merchants Property Development. It aims to build smarter cities, business districts, industrial parks and communities. Moreover, to also aims to improve urban centers through the integration of industry, Internet, finance and urban development.
Existing Land Reserve: 25 million square meters, Area under Construction: 10 million square meters, Total Assets: RMB210.9 billion.
The free trade zone enjoys favorable policies and accelerates development. CMSK is with better land reserve and development competence. The consolation of the real estate assets of the China Merchants Group will trigger resource synergy. All of these will unleash CMSK’s potential for future development. It will lead the urban renewal, improve quality of life, and inspire future modes of urban development.