Hongkong Land pays a record 31 billion yuan for Shanghai land plot as it continues its search for growth in mainland China

Hongkong Land, 50 per cent owned by Jardine Matheson, plans to build office buildings, shopping malls and high-rise apartment buildings on the plot at West Bund. The parcel will yield 1.8 million square metres (1.94 billion square feet) of gross area. Hongkong Land Holdings Limited, a unit of one of the biggest British conglomerates of the colonial era, has paid a record price for a piece of … http://bit.ly/2TTUUY9

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