Henderson Land Development, controlled by Lee Shau-kee, plans to invest 63 billion yuan (HK$70.88 billion) in its mainland projects over the next five to six years.
The developer would add gross floor area totalling 130 million square feet, including 20 million sq ft in key cities and 110 million sq ft in 17 projects in nine fast-growing cities, executive director John Yip Ying-chee said yesterday at a groundbreaking ceremony for the Shenyang International Finance Centre.
The cities are Changsha, Chengdu, Chongqing, Nanjing, Shenyang, Suzhou, Xian, Xuzhou and Yixing.
The capital expenditure for projects in major cities, including the Beijing IFC and four commercial projects in Shanghai's Huangpu and Zhabei districts, would amount to 11 billion yuan, Mr Yip (above) said.
It also earmarked 52 billion yuan for the projects in the fast-growing cities, including 22 billion yuan for three residential and commercial projects in Shenyang, the capital city of Liaoning province.
Mr Yip said Henderson was attracted by Shenyang's buoyant economy, and the company planned to make the largest investment in the city after the major cities.