Private Equity

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China
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Location Shui On Land (SOL)
Site Description Projects on the site have developed into prime mixed-used developments in various locations
Shanghai, Shanghai province
Xintiandi: Situated in the heart of downtown Shanghai, Xintiandi is just one block south of the prestigious Huai Hai Zhong Road and its Metro station at Huangpi Nan Road. This internationally acclaimed restoration site covers a gross floor area of 57,000 sqm houses, some of Shanghai's top restaurants, bars, shops and boutiques. Shui On Land has also set up its own hotel, restaurant, clubhouses and gift shops at Shanghai Xintiandi.
Lakeview Developments: Located on the southern side of Taipingqiao Lake in Shanghai, this is an upmarket residential development with 17 apartment blocks comprising 645 residential units as well as a 7,000 sqm luxurious residents’ clubhouse.
Corporate Avenue: Located at the north end of Taipingqiao Lake and adjacent to Shanghai’s Xintiandi, it features Grade A office buildings with commercial and entertainment complexes and covers a total gross floor area of 416,000 sqm.
Wuhan, Hubei province
Wuhan Tiandi:  This mixed-use redevelopment project is situated on the Yangtze riverfront overlooking the scenic Jiangtan Park. With a total gross floor area of 1.52 million sqm, the development comprises a Grade A office cluster as well as residential, hotel, retail, food & beverage and entertainment outlets. 
Chongqing, Sichuan Province
Chongqing Tiandi: Adjacent to the central business district in the Yuzhong District of Chongqing, this is a mixed redevelopment project comprising a man-made lake with pavilions; an exhibition and merchandise centre, luxury hotels, conference facilities, office buildings as well as retail and entertainment amenities. 
Hangzhou, Zhejiang province
Xihu Tiandi: Situated beside Hangzhou's famed West Lake, Xihu Tiandi is a leisure and lifestyle destination incorporating food, entertainment and retail outlets done in Southern Chinese architectural style. It has a total gross floor area of 52,000 sqm.  
Investment Strategy The Pacific Star group invested USD150 million for a private preferred equity stake in a leading China developer, Shui On Land in May 2004. Both partners saw the potential of the land sites, to be redeveloped into several mixed-use high quality urban projects. The portfolio now comprises high-rise luxury and mid-tier apartments, prime office space, retail malls and entertainment complexes in China, including Shanghai’s Xintiandi district.

The Hong Kong-based Shui On Group was founded in 1971 by its group Chairman Vincent Hong Sui Lo. One of Hong Kong’s most influential developers, it is involved in property development, construction, construction materials and property investment with interests in Hong Kong, China and North America. It is also the lead investor and developer of Shanghai Xintiandi and the Xihu Tiandi project in Hangzhou.

The subsequent divestment in Shui On Land following its public listing on the Hong Kong Stock Exchange in October 2006.

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