Page 23 - Building Journal - June 2015

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releasing three parcels of commercial land at
RMB2,500 per sq m, compared with prices
of more than RMB5,000 per sq m in the city
centre. The three sites could provide a total
gross floor area of 1.2 million sq m.
The first site on offer is designated for
a hotel/convention and exhibition centre
with a total gross floor area of 445,000 sq
m. Another site, earmarked for Grade A
offices, will generate a gross floor area of
502,000 sq m and the third commercial site,
also designated for premium offices, could
provide a gross floor area of 272,000 sq m.

US$32 billion mega-theme park
planned for Zhuhai
(ZHUHAI) A RMB200 billion (approx US$32
billion) mega theme park reportedly invested
in by Time Warner and DreamWorks Studios
is to rise in Doumen District in Zhuhai, near
Hengqin Island.
The theme park will comprise two stages.
The first phase, which is set to be located
in Hezhoubei, involves an investment
of RMB80 billion. Its reported location,
Beijing Greenland Center occupying some 10 sq km, is also positioned
to be developed as a leisure and tourism
topped out playground complementing Macau.
(BEIJING) Beijing Greenland Center has Meanwhile, US company Major League
recently topped out and will become one Gaming (MLG) is to build an e-sports gaming
of the prominent landmarks in the Beijing arena in the 'V-Zhone', a video game
International Airport area. destination that is part of the first phase of
Located in Chiaoyang district, the office/ the Lai Sun Group's RMB18 billion 'Creative
commercial development has a total GFA Culture City' project in Hengqin. The
of approximately 352,000 sq m. There are a entire first phase of this project is slated for
total of five building blocks with building no. completion in 2017.
4 being the tallest reaching 260 meters with
55 storeys.
Construction of the RMB1.08 billion
project commenced in October 2011 and is
expected to complete at the end of 2015. The
project has recently received the Great Wall
Gold Award for its outstanding structural
design.
Incentives for HK investors to
develop 3 commercial sites in
Changsha

(HUNAN PROVINCE) Changsha is looking
to encourage Hong Kong developers to help
build a commercial district near its high-
speed train station by offering land at 50%
less than the rate for city centre plots.
Hunan's provincial capital Changsha is

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