Strategic Partnership Announcement Between Phoenix and Financial Street Holdings on Shanghai’S Jing’An Landmark Mixed Use Development
Press Release For immediate release STRATEGIC PARTNERSHIP ANNOUNCEMENT BETWEEN PHOENIX AND FINANCIAL STREET HOLDINGS ON SHANGHAI’S JING’AN LANDMARK MIXED USE DEVELOPMENT Shanghai, March 13th, 2019 - Financial Street Holdings (“Financial Street”) unveiled its latest development in the “Financial Street Centre” series and announced its strategic partnership with Phoenix Property Investors (“Phoenix”) today on phase one of a new landmark mixed use development at the heart of Jing’an, Shanghai. Strategic Partnership Announcement between Financial Street Holdings And Phoenix Property Investors With a G.F.A. of approximately 490,000 sqm, the project is located in the North Plaza of Shanghai Railway Station, bordered by Datong Road to the East, Zhongxing Road and Jiaotong Road to the South, Pengyuepu to the West and Zhonghuaxin Road and Hutai Road to the North. The mixed-use project includes residential, office, retail as well as culture, entertainment, recreational facilities and public open green space. 1 The office area is approximately 220,000 sqm, occupies over 63% of total G.F.A., while the retail area is approximately 60,000 sqm, occupying around 18% of total G.F.A.. “Financial Street Shanghai” is anticipated to be a landmark mixed use development at the heart of Jing’an in Shanghai, introducing new experiences in office, shopping, dining and entertainment experience. The development will be constructed in two phases. Phase I consists of 5 office buildings, retail space and greenery area, with G.F.A. of approximately 119,000 sqm, is scheduled for completion by the first quarter of 2020. Phase II, which has been named as ”Financial Street Rongyue Center”, consists of office buildings and a shopping mall of 60,000 sqm, with G.F.A.
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