SINGAPORE (July 29): Perennial Real Estate Holdings announced Friday that its 45%-owned joint venture vehicle, Perennial HC Holdings, will invest an estimated RMB2.7 billion ($564.3 million) to develop the Tianjin South High Speed Railway (HSR) Integrated Development in Xiqing District, Tianjin.

Spanning approximately 307,500 sqm in total gross floor area (GFA), the Tianjin South HSR Integrated Development is envisioned to be a one-stop regional healthcare and commercial hub to serve the upcoming megalopolis integrating Beijing, Tianjin and Hebei (Jing-Jin-Ji) in Northeast China.

Expected to commence operations progressively from 2022 onwards, the integrated development will comprise a general hospital, women’s and children’s hospital, eldercare facilities supported by a geriatric hospital, hotels, as well as complementary retail and healthcare-related trades.

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