METRO GLOBAL ANNOUNCES NEW BUSINESS FOR THE GROUP

Singapore, 13 April 2018
Metro Global is pleased to announce the takeover of a new business for the group – Property Management of the Cross-Region Buildings – Cross Region Plaza and Cross Region Times in Shanghai, China.

Metro Global will officially be the project masters of the 2 buildings effective 13 April 2018.

Cross Region Plaza is a 31-storey office building connected to a huge Shopping Mall and is located at Ling Ling Road and Cao Xi Bei Road. It is also a landmark building in Xujiahui which is the commercial centre of West Shanghai. It is a historic area of commerce and culture administratively within Xuhui District. The area is a well-known precinct for shopping and entertainment in Shanghai, served by the Xujiahui Station of the Shanghai Metro. Cross Region Plaza’s strategic location place it right opposite the Shanghai Stadium, a host to the Opening Ceremony of 2007 Special Olympics World Summer Games, Supercoppa Italiana Final between Juventus and Lazio in 2015. It was built in 1997 when the 8th National Games of China was held and seats almost 57,000 spectators.

Cross Region Times is a 25-storey pure office building located at Shanghai Putuo District, on Zhongshan North Road. It is located in the inner ring of the Shanghai Golden Business Axis, facing the Central Business District and Nanjing West Road shopping district and within 3 kilometres to the Shanghai Exhibition Center, Hang Lung Plaza, Portman Hotel and other landmark buildings.

Shanghai Feizhou Group has been around for more than 20 years since 1994.It has more than 1,000 employees and has created remarkable economic benefits in areas such as tourism development, nuclear power equipment R&D and manufacturing, and financial investment. Received a number of social honours and actively responded to the community through various charitable actions. The Cross-Region Buildings – Cross Region Plaza and Cross Region Times in Shanghai has been a major and strategic investment made in the recent years by the group.

Jerry Xu, Director and Chief Operating Officer, Metro Global says “We are pleased to be partnering with the Feizhou Group, and will focus our attention on introducing world-class hospitality service to Shanghai, which heralds a new era of property management pattern in China.” The property management team appointed to manage the projects comes with many years’ experience in the property management industry in Shanghai whom we are confident to be able to achieve the expectations of the owners and tenants alike.

It is worth noting that Cross Region Plaza will be fully upgraded in the second half to meet the needs of the larger market. Moreover, the Shanghai Stadium opposite it will also undergo a full-scale transformation and upgrading. It will become a comprehensive stadium that can carry out comprehensive track and field events and grass sports by re-arranging and adding more advanced facilities. Jerry says “With this golden opportunity, we will strive to make this project a benchmark for Shanghai property management.”

For further information on the project, please contact Metro Global Corporate Office at contactus@metroglobal.net