|
CNPC eyes real estate development in Lujiazui |
|
News Archive -
Oil, Gas & Petrochemicals - Nov news
|
|
|
(Jrj.com, Dec 25, 2006) Chinese oil giant China National Petroleum Corporation (CNPC) plans to enter the Shanghai real estate market with a low key attitude, and it eyes the a precious piece of land within the Lujiazui Finance & Trade Zone. The piece of land, adjacent to the Citic Pacific’s shipyard project, will be developed to both commercial and residential buildings, and it will become CNPC’s first large and comprehensive real estate development project in Shanghai if the domestic oil giant reached the deal with Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd, sources familiar with the matter yesterday told Shanghai Securities News. However, related executives at the Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd refused to shed light on the project.
source:Jrj.com
Drawn from Chinese language press |