The first and largest premium business park to be built within Guangzhou South Railway Station economic circle
From left to right:
- Mr. Ray Wong, General Manager of Foshan Ying Feng Real Estate Co., Ltd
- Mr. Peng Shunming, Chairman of Southern Packaging Co., Ltd
- Mr. Quek Kwang Meng, Regional Chief Executive Officer, China and India, Mapletree Investments Pte Ltd
- Mr. Luo Jianhua, Deputy Secretary of the Party Working Committee of Guicheng Community
- Mr. Chen Jinghong, Deputy Director of the Bureau of Foreign Trade and Economic Cooperation of Foshan City
- Mr. Song Deping, Deputy Mayor of Foshan City
- Mr. Edmund Cheng, Chairman of Mapletree Investments Pte Ltd
- Mr. Hiew Yoon Khong, Group Chief Executive Officer of Mapletree Investments Pte Ltd
- Mr. Zheng Canru, Mayor of Nanhai District
- Mr. Loh Tuck Wai, Consulate-General of the Republic of Singapore
- Mr. Wong Mun Hoong, Group Chief Financial Officer, Mapletree Investments Pte Ltd
- Mr. Loh Shyh, Chief Executive Officer, China, Mapletree Investments Pte Ltd
Foshan, China – Mapletree Investments Pte Ltd (“Mapletree”) today celebrated the groundbreaking of its South Station Enterprise City in Guangdong, China. The development project is located in Sanshan New City, which is itself situated between Guangzhou and Foshan, and it is the first and largest premium business park to be built within the Guangzhou South Railway Station economic circle area.
Foshan government officials and Mapletree’s senior management attended the ceremony.
The largest premium business park in Foshan and Guangzhou
Mapletree will invest 3.0 billion RMB to develop the South Station Enterprise City which will cover a gross floor area of over 500,000 sqm, and comprise 23 premium office buildings, ranging from 9 to 21 storeys with 5,600 parking spaces in total.
Commenting on the project, Mapletree’s Group Chief Executive Officer Mr Hiew Yoon Khong said, “South Station Enterprise City will herald a new standard for Guangzhou and Foshan by benchmarking itself to Singapore’s Grade-A office features. With its innovative business space design, eco-friendly features and state-of-the-art amenities, South Station Enterprise City is well-positioned to meet the real estate requirements of regional headquarters, companies in information and technology, research and development, finance as well as that of larger back-of-the-office operations.”
The office, industrial park project capitalises on one of Mapletree’s product strategies in China by building on its proven concept of combining work and entertainment space to create what will be Asia’s most exciting, high-tech and green commercial development.
Sanshan New City’s key location advantages
Sanshan New City (where Mapletree’s South Station Enterprise City is within) is situated in the central region of the Pearl River Delta area and encircled by Guangzhou City to its east, Foshan city to its west and Hong Kong SAR to its south. This unique position bears distinct added benefits in terms of transportation links, educational institutions, communications infrastructure and various business support services. With the completion of the much anticipated Guangzhu Light Railway, Foshan City together with Macau will be located within a one-hour radius which further serves to enhance the transportation connectivity of Sanshan New City.
At the same time, Guangzhou’s South Railway Station, the largest railway transportation hub in Asia, is located within close proximity to Sanshan New City. The South Railway Station is further expected to bring large volumes of cross border travellers, thus providing further impetus for future improvements in infrastructure and for other new urbanisation opportunities to Sanshan New City.
Sanshan New City as one of the most rapidly developing areas in Nanhai enjoys a high level of attention, resources and investments by the Foshan government. With all of these factors, Sanshan New City is well placed to be a key centre for high-tech service industries in Guangdong and provides key support to its financial industries.
South Station Enterprise City is Mapletree’s second integrated development in Foshan, Guangzhou and the development underscores Mapletree’s commitment and confidence in the city. Together with the success of its Nanhai Business City and the South Station Enterprise City developments, the Group aims to bring its unique approach to large-scale developments in China, as well as continue to forge stronger alliances with local partners to create sustainable growth for in China.
Marketing for the project is scheduled to commence in the fourth quarter of 2013.
ABOUT SOUTH STATION ENTERPRISE CITY
Description: Business park and office development
Location: Sanshan New City, Nanhai District, Foshan, China
Land area: 260, 000 sqm
Gross floor area: 500,000 sqm
Tenants: Regional headquarters, companies in information and technology, research and development, finance as well as that of larger back-of-the-office operations
