Surbana Jurong, Vanke to develop industrial new towns in China

Temasek-owned Surbana Jurong has signed a deal to jointly develop industrial new towns in China's mid-west regions.

These towns integrate industrial developments alongside sustainable urban spaces for residents.

The first project that Surbana Jurong and its partner, a unit of China Vanke, will work on is Vanke's Jianzhou Dream Town in Chengdu.

The development will combine Surbana Jurong's expertise in urban planning, design and engineering consultancy, with Vanke's experience in China's real estate development and management.

Surbana Jurong chief executive (international) Teo Eng Cheong said "designing sustainable cities that integrate work and play is a hallmark of Surbana Jurong", and that the firm is proud to partner Vanke in the sustainable long-term development of Chengdu.

China Vanke senior vice-president Wang Haiwu noted that his firm was "committed to develop the mid-west regions to bring about sustainable growth for the regional economy".

"Our mission here is to focus on developing the city, while supporting industries and the government. Our partnership with Surbana Jurong is another big step towards people-focused development and we will jointly advance industrial new town concepts that will be the benchmark of sustainable living."

Apart from this agreement, both partners will also explore setting up a joint venture.

[Quotatation Statement Here.]

Surbana Jurong is one of the largest Asia-based urban, industrial and infrastructure consulting firm.

China Vanke is a real estate company and urban development service provider in China, and is listed on the Hong Kong Stock Exchange.

A version of this article appeared in the print edition of The Straits Times on March 16, 2018, with the headline 'Surbana Jurong, Vanke to develop industrial new towns in China'. Print Edition | Subscribe