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Hongkong Land to build office tower in Qiantan area

    Hongkong Land Limited, a major property management company, yesterday inked a cooperation agreement with Lujiazui Group to invest in a joint-venture commercial real estate project in Qiantan Area.

    As of yesterday, all real estate projects in the core area of Qiantan International Business District have been confirmed. Hongkong Land and Lujiazui Group will build a Grade A office tower there, close to the Oriental Sports Center.

    The tower with 500,000 square meters of floor space will cost more than 20 billion yuan (US$3.13 billion) and include a shopping mall, upscale residences and business hotels.