Hong Kong-based Shui On Land Ltd plans to build a large-scale shopping center near the Hongqiao integrated transport hub.
The shopping center will be part of the city's central business district, or CBD, which is now under construction.
The project, with 123,000 square meters of shop space, will have a total investment of 8 billion yuan ($1.27 billion), said Bryan Chan, project director of Shui On Development Ltd.
The shopping center will account for a considerable part of the 204,000 square meters slated for retail shops at the Hongqiao CBD.
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