[photopress:China_Vanke.jpg,full,alignright]China Vanke, the country’s top property developer by market value, has signed a strategiccooperation agreement with CapitaLand Retail. CapitaLand Retail is the retail property unit of Singapore’s CapitaLand Group, one of the largest listed real estate companies in Asia.
The company said in a statement filed with the Shenzhen Stock Exchange that two will carry out non-exclusive tie-ups in developing commercial projects, including retail malls and townships, in Vanke’s real estate projects.
China Vanke recently awarded New York City-based Steven Holl Architects the design contract for its new Vanke Center, a sustainable, mixed-use complex in Shenzhen as shown here. Vanke Center will incorporate new sustainable elements designed specifically for the development and will house a conference center, hotel, apartment, offices, and the headquarters of China Vanke.