CapitaMalls Asia breaks ground for East China mall
The shopping mall in the Suzhou Industrial Park Central Business District will be the largest in East China.
CapitaMalls Asia Limited and Suzhou Industrial Park Jinji Lake Urban Development Co., Ltd are developing a seven-storey shopping mall and two Grade A office towers on a prime site in the SIP CBD known as the Suzhou Centre.
The ground-breaking ceremony of the mall was graced by Mr Jiang Hongkun, Member of the Standing Committee of the Communist Party of China Jiangsu Provincial Committee and Secretary of the CPC Suzhou Municipal Committee; Mr Zhou Naixiang, Deputy Secretary of the CPC Suzhou Municipal Committee and Acting Mayor of Suzhou; Mr Du Guoling, Director of the Standing Committee of the National People’s Congress of Suzhou Municipality; Mr Wang Jinhua, Chairman of the Suzhou Municipal Chinese People’s Political Consultative Conference; and His Excellency Mr Stanley Loh Ka Leung, Singapore’s ambassador to China.
The shopping mall will have a total gross floor area of about 290,000 square metres, while the two office towers are expected to have a total GFA of about 60,000 sq m. The retail portion will account for about 83% of the development’s total GFA of about 350,000 sq m, excluding car park spaces.
The total development cost of the project is expected to be about S$1,331 million.