Vanke Will Fight Urban Blight in Shenzhen's Nanshan District
Dou Shicong
DATE:  Oct 19 2017
/ SOURCE:  Yicai
Vanke Will Fight Urban Blight in Shenzhen's Nanshan District Vanke Will Fight Urban Blight in Shenzhen's Nanshan District

(Yicai Global) Oct. 19 -- Real estate giant China Vanke Co. [SHE:000002] has agreed to cooperate with the government of Nanshan District in Shenzhen in southeast China's Guangdong province to participate in a local project to rebuild blighted districts and construct relevant livelihood and economic areas.

The two inked their agreement yesterday, Nanfang Daily reports.

The scope of their cooperation includes urban village reconstruction, rental housing construction, attracting businesses and investment for industrial projects and construction of educational facilities.

Nanshan District lies in the west of Shenzhen and borders on the South China Sea. It is situated within Shenzhen Bay Super Base, which is part of a strategy the Shenzhen government proposed in 2007 to attract Fortune 500 companies to establish headquarters in the city and create an urban center featuring high-end industrial clusters.  

Vanke will home in on Shenzhen Bay Super Base to drive various business developments in Nanshan District, a company executive said, and will utilize its advantages in development, operation and service during this cooperation.

Vanke hopes to create a future base in Nanshan District to further contribute to the economic development and environmental quality improvement of the city and district.

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Keywords:   China Vanke,Nanshan District,Shenzhen,Urban Renewal