A rendering of the Hongqiao Qianwan Incity Mega [Photo/Shanghai Observer]
Three major projects with a total investment of more than 5.1 billion yuan ($739.5 million) broke ground in the Qianwan area of the Shanghai Hongqiao International Central Business District on Feb 16, serving as an impetus for making Qianwan into an ideal place for headquarters economy in the Yangtze River Delta region as well as an industrial model and a key area for green development, vitality and opening-up.
One of those projects is the SupeZET Innovation Base, which covers a construction area of some 102,000 square meters. With an investment of 1.3 billion yuan, the base will include SupeZET 's headquarters office building, an innovation collaborative R&D center, a science service center and an incubation center for innovation projects after completion.
Zhang Xinyu, chairman of Shanghai SupeZET Digital Intelligent Source Co, said the innovation base will rely on the Hongqiao International CBD's advantages in transportation, industry, policy and supporting services.
Others projects include the Hongqiao Qianwan Incity Mega and the Simcere (China) Research and Development Center. The former has a total investment of 3.5 billion yuan, and covers some 68,000 square meters; the latter has a total investment of 300 million yuan with a construction area of about 23,000 square meters. It will be developed into Simcere's R&D headquarters, a precision medical service platform and a CRO central laboratory.
This year marks the second anniversary of the release of the Overall Plan for the Hongqiao International Open Hub Construction. The 151.4-square-kilometer area of the Hongqiao International CBD is the key to the development of the Hongqiao International Open Hub, of which the Minhang part accounts for about one third, including the Qianwan area.