KOP Limited says subsidiary KOP Properties has entered into a cooperative agreement with Shanghai LuJiaZui (Group) Co. and Shanghai Harbour City Development (Group) Co. for the development of Winterland Shanghai with an estimated total investment of RMB3 billion ($663.5 million) and a site area of 110,000 sqm located in Shanghai’s Lingang City.
Under the cooperative agreement, Shanghai LuJiaZui, Shanghai Harbour City and KOPP would incorporate a joint venture company to undertake the bidding and registration of the land use rights, resort development and operation for Winterland. KOPP’s estimated effective interest in the JVC will be 60%.
It was on Aug 11 that KOP Properties announced the proposed land acquisition and resort development of Winterland.
Winterland will have an above-ground gross floor area GFA of 215,000 sqm, and a below ground GFA of 105,000 sqm, providing visitors with year-round access to an indoor ski park, apres-ski areas, multi-purpose halls and theatres, family resort hotel, retail, and food and beverage establishments.
Phase 1 of the project which includes the indoor ski-park is scheduled to be completed by the end of 2019 while the remaining areas will be completed by the end of 2020.
KOP last traded at 9.8 cents.
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Under the cooperative agreement, Shanghai LuJiaZui, Shanghai Harbour City and KOPP would incorporate a joint venture company to undertake the bidding and registration of the land use rights, resort development and operation for Winterland. KOPP’s estimated effective interest in the JVC will be 60%.
It was on Aug 11 that KOP Properties announced the proposed land acquisition and resort development of Winterland.
Winterland will have an above-ground gross floor area GFA of 215,000 sqm, and a below ground GFA of 105,000 sqm, providing visitors with year-round access to an indoor ski park, apres-ski areas, multi-purpose halls and theatres, family resort hotel, retail, and food and beverage establishments.
Phase 1 of the project which includes the indoor ski-park is scheduled to be completed by the end of 2019 while the remaining areas will be completed by the end of 2020.
KOP last traded at 9.8 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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