Yaojiang International
Shanghai
Overview
Gross Floor Area
4,347㎡
Tenure of Land
50 years leasehold
Quality Development
Yaojiang International
Yaojiang International asset is the first value-added asset that Singapore-listed City Developments Limited (CDL) acquired in Shanghai market. Located in Wusong Road, Hongkou District and primely situated in North Bund office submarket, Yaojiang International is a short stroll to North Bund and Hyatt on the Bund, and Sichuan North Road Substation is a mere kilometre away. With independent property rights and total gross floor area of approximately 4,000 sqm, this acquired property is an office block within the Yaojiang International complex and it was completed in 2005. Through our collaboration with Distrii, CDL carried out a major asset enhancement initiative (AEI) and transformed Yaojiang International into a modern co-working space, with the popular Luckin Coffee housed in this space. The new office space commenced its operations in February 2019 after the completion of the AEI, and is targeted at small to mid-sized tenants to provide flexible and intelligent work spaces that meets the evolving requirements of the new economy.

CDL values the future development of China's core cities' value-add asset market. Riding on the wave of urban renewal and continuous transformation and maturity of China's commercial real estate, there will be more opportunities to shape cities and create value in the value-add asset market.
Prime Location
Shanghai Hongkou
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