China Vanke signs agreement with CapitaLand Retail

China Vanke signs agreement with CapitaLand Retail
By Gareth Powell, July 13, 2007
China Vanke, the country’s top property developer by market value, has signed a strategiccooperation agreement with CapitaLand Retail. CapitaLand Retail is the retail property unit of Singapore’s CapitaLand Group, one of the largest listed real estate companies in Asia.

The company said in a statement filed with the Shenzhen Stock Exchange that two will carry out non-exclusive tie-ups in developing commercial projects, including retail malls and townships, in Vanke’s real estate projects.

China Vanke recently awarded New York City-based Steven Holl Architects the design contract for its new Vanke Center, a sustainable, mixed-use complex in Shenzhen as shown here. Vanke Center will incorporate new sustainable elements designed specifically for the development and will house a conference center, hotel, apartment, offices, and the headquarters of China Vanke.
Source: Forbes