Chinese property firm Shui On Land and Redevco Asia, the Amsterdam-headquartered real estate developer, have started construction of a Rmb1.8bn shopping mall Wuhan, capital of Hubei province. Both partners will invest half of the total cost.
The mall, which is expected to start business in the second half of 2013, will include a 33,000 sq metre open square and 250 stores; the entire project will have a floor area totalling 109,000 sq metres. It will be located in Wuhan Tiandi in central Hankou district, on the Yangtze waterfront and overlooking Jiangtan Park.