[photopress:Suzhou2.jpg,full,alignright]Hong Kong based CTS has its first real estate investment project in Suzhou, the CTS Garden, in Louifeng Township. The project involves a land parcel of approximately 100,000 square meters on the east of Jinji Lake and the north of Songjiang Road.
Hong Kong CTS Group was founded in 1928 and is a state-owned enterprise under the State Assets Management Commission of the State Council. It is primarily engaged in investment activities in tourism, industries , real estate development, logistics, and trade. It is one of the four biggest Chinese-funded corporations in Hong Kong with a total assets of RMB40 billion.
The Group has invested in real estate projects in a dozen cities like Shenzhen, Shanghai, Shenyang, and Zhuhai, and has built up large-scale properties in combination of tourism and land properties. One example is its involvement in Suzhou with the totally redesigned Gusu Hotel which is now the Lv Ju. This is the start of a chain of hotels for business people although if Westerners are to be attracted the name possibly needs a rethink.
The rest of CTS Suzhou Garden is part of the planned expansion of the Group’s real estate undertakings.
Source: Simpac