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Shanghai: Lingang and GLP co-invested in R&D Prism Industrial Park with RMB970 million capital value of industrial parks continues to rise

GLP and Pudong New Economy Company, a subsidy of Lingang Group, co-invested RMB970 million to build their first industrial park. Known as “Lingang GLP R&D Prism Industrial Park”, the property covers a land area of 278.3 Mu (185, 348 square kilometres) and a proposed GFA of 194,258 sq m. The two parties have set up a joint venture to acquire the land, increase land utilization efficiency, and build it into an intelligent equipment (including IoT) R&D manufacturing base.

Colliers Commented:

The influence of the pandemic has shifted many economic activities towards online. Largely a result, the industrial output of internet, IT and scientific technology service realized a double-digit growth rate in 2020. Industrial parks should benefit from the rapid growth of hi-tech industries serving R&D and manufacturing purposes. Meanwhile, Shanghai is promoting the development of a global innovation centre in science and technology. With both economic dynamic and political incentives, high-end industrial parks in the Yangtze River Delta region are expected to see continuous growth in capital value.


Source: 上海临港普洛斯科创棱镜产业园启动 投资额9.7亿