Media Resouces
Mapletree to Develop Business Park Project at Sanshan New City of Foshan, China
24 Feb 2012

Artist Impression

Artist impression of Sanshan New City with Mapletree Innovation City at the foreground

Singapore – Mapletree Investments Pte Ltd (“Mapletree”, “the Group”) announced today that it will be developing a modern business park on 400 mu (about 267,667 sqm) of land within Sanshan New City in Nanhai District, Foshan (China). This was announced during a visit to Singapore by a Foshan Government delegation, led by its Mayor, Mr Liu Yuelun. The delegation visited Mapletree where they met with senior management of the Group and toured Mapletree Business City, the Group’s headquarters.

Foshan’s Mayor Liu Yuelun viewing the model 

Foshan’s Mayor Liu Yuelun (second from left) viewing the model of Mapletree’s Alexandra Precinct developments with Mapletree Business City in the fore. Mapletree Group’s CEO, Hiew Yoon Khong (left most) hosted the visiting delegation from Foshan.

The Sanshan project, named Mapletree Innovation City, will create high-quality contemporary business park space that is supported by modern infrastructure and lifestyle amenities, making it an integrated work-and-play environment. It is well-suited for companies offering outsourcing (BPO/ITO) services, back-room operations of financial institutions as well as headquarters of companies. Construction is expected to commence in 2013 and complete by 2017.

Mapletree Innovation City enjoys an excellent geographical location served by modern and efficient transportation hubs such as the Guangzhou South Railway Station and Guangzhou Baiyun International Airport. Its location within Sanshan New City is also strategic as it is mid-way between Guangzhou and Foshan, the two large growth engines of the Pearl River Delta region. Companies and businesses seeking to tap opportunities arising from the urbanisation, integration and redevelopment of Guangzhou and Foshan will find Mapletree Innovation City a compelling location for their operations. Strong support from the local government will be offered in the form of business-friendly tax and incentive policies for companies located in Mapletree Innovation City, thereby accelerating growth for these companies and for Sanshan New City itself.

Commenting on the significance of the project, Mapletree’s Group Chief Executive Officer Mr Hiew Yoon Khong said, “China is a key market where we are scaling up substantially. We are delighted to bring our experience in developing and managing business parks in Singapore and across the region to Foshan. The integrated office and business park development will be Mapletree’s first in the city and we are confident that Mapletree’s reputation in providing high quality business hubs for ‘work and play’ will attract progressive and high value-added enterprises to locate their offices to the business park.”

“The development of Mapletree Innovation City also underscores our continued interest to further invest in Foshan. Through the development Nanhai Business City (NBC), a 42-hectare mixed-use project in the same district, Mapletree has gained a deeper understanding of the region and is confident of its growth potential.”

In 2010, Foshan’s GDP increased by 14 % to RMB 565.1 billion, ranking 11th in China, and 3th in Guangdong province . The city offers a conducive business environment with competitive operating costs and strong government support. With Foshan’s economically vibrant landscape, the demand for good quality real estate is expected to remain strong.

PROPERTY DETAILS

Description: Business park and office development
Location: Sanshan New City, Nanhai District, Foshan, China
Date of completion: 2017
Land area: 266, 667 sqm
Gross floor area: Approx. 500,000 sqm
Tenants: Companies offering (BPO / ITO) outsource services, back-room operations of financial institutions, headquarters of companies, etc.

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MEDIA CONTACTS

Ms Jane YEO
Corporate Communications (Singapore)
Mapletree Investments Pte Ltd
DID: +65 6659 3669
Email: jane.yeo@mapletree.com.sg

Ms Grace LEE
Corporate Communications (Singapore) Mapletree Investments Pte Ltd
DID: +65 6377 6218
Email: grace.lee@mapletree.com.sg

ABOUT MAPLETREE

Mapletree Investments Pte Ltd is a leading Asia-focused real estate development, investment and capital management company headquartered in Singapore. Its strategic focus is to invest in markets and real estate sectors with good growth potential in Asia. By combining its key strengths as a developer, an investor and a capital manager, the Group has established a track record of award-winning projects in Singapore and delivered consistent and high returns from across various real estate classes in Asia.

As at 30 September 2011, Mapletree owns and manages S$18.7 billion of office, logistics, industrial, residential and retail/lifestyle properties. It manages three Singapore-listed real estate investment trusts (“REITs”) and three private equity real estate funds which together hold a diverse portfolio of assets in Singapore and throughout Asia. The Group has also established an extensive network of offices in Singapore, China, Hong Kong, India, Japan, Malaysia, South Korea and Vietnam to support its regional expansion. Mapletree’s property portfolio includes award-winning projects in Singapore such as the VivoCity, Mapletree Business City, and Tata Communications Exchange as well as mixed-use developments in the region such as the Future City and Nanhai Business City in China.