DEALS
Zhong Lun Advises Capitaland, Capitamalls and Singbridge on Landmark Complex Project In Chongqing
Zhong Lun Advises Capitaland, Capitamalls and Singbridge on Landmark Complex Project In Chongqing
On November 28, 2011, a joint venture of CapitaLand Limited, CapitaMalls Asia Limited and Singbridge Holdings Pte. Ltd., an associate of Temasek, received a notification of award for a land located at the core of Chongqing, Southwestern China (the "Site"). Zhong Lun Law Firm served as legal counsel for this project, providing advice on progress of bidding for land use rights of the site. This service was led by partner Ma Huijun with associate Liu Na from Beijing office. Catherine Guo and Chen Ming were supporting partners for the project.
The site is strategically located in the heart of Yuzhong District in Chongqing at the strategic gateway to Chongqing at Chao Tian Men with frontage along two important rivers, Yangtze River and Jialing River, and is the crown jewel of the city. The site was awarded at the tender price of RMB6.536 billion. The site has a land area of approximately 91,783 square meters, with a total gross floor area of 817,000 square meters. CapitaLand, CMA and Singbridge intended to develop the site into a landmark complex, which will include a shopping mall and eight towers for residential, office, hotel/serviced apartment use, and a transport hub for subway, bus, and ship terminals.
