Lendlease to Develop First Senior Living Community in China
Australia developer Lendlease has signed land contract to develop and operate the first senior living community in China.
Lendlease today announced it signed a 50-year land usage contract with the Qingpu government in Shanghai to develop and operate its first senior living community in Shanghai China.
Lendlease’s first China senior living development will provide approximately 900 new independent living units with gardens, recreation areas, health and wellbeing facilities and a large community clubhouse. The expected value of the completed development is approximately RMB1.9 billion.