Hong Kong兴业国际 and SCP Group to co-operate Zhejiang mixed-use project
Hong Kong兴业国际 has signed a strategic co-operation agreement with SCP Group, a subsidiary of China Vanke, to jointly manage the "Xiuhu Xingye Impression City" mixed-use project in Jiaxing, Zhejiang province. The project, with total floor area of about 230,000 square metres, is expected to break groun
Hong Kong兴业国际 (Hong Kong兴业 International) has entered into a strategic co-operation agreement with 印力集团 (SCP Group), a subsidiary of China Vanke, to jointly operate and manage the "秀湖兴业印象城" (Xiuhu Xingye Impression City) mixed-use project in Jiaxing, Zhejiang province. The two companies also expressed an intention for long-term and comprehensive strategic co-operation across mainland China.
The project is being jointly developed by the company and the Jiaxing运河湾 City Investment Group. It will have a total floor area of approximately 230,000 square metres. Construction is scheduled to begin this year, with the project expected to open in 2029. Upon completion, Hong Kong兴业 International and SCP Group will jointly manage the commercial operations of the project, which will introduce more than 300 brands.
Hong Kong兴业 International stated that the project marks a new milestone in the company's shift towards an asset-light management strategy. The two companies will continue to explore potential co-operation opportunities in commercial asset investment and development, existing asset operations and value enhancement, focusing on the core city clusters of the Yangtze River Delta and the Guangdong-Hong Kong-Macau Greater Bay Area.