Our future lies in real estate, a sector we identified four years ago where we would channel our efforts and resources to establish a vibrant and thriving sustainable business in Asia.
The Group owns and operates a 113-room luxury riverside boutique hotel which lies in the heart of the ancient city of Huzhou with its rich legacy in calligraphy, painting and silk cultivation. The hotel has been renamed Hotel Anatole by Landison Huzhou 湖州雷迪森怿曼酒店 (previously known as Cheery Hotel Huzhou) as a result of the Group’s recently concluded hotel brand franchise agreement with Zhejiang Tourism Investment Hotel Group 浙江浙旅投酒店集团有限公司 (“ZTIHG”), one of the largest in China with a wide network of 157 hotels in 14 Chinese provinces under brands such as Deefly, Landison and Yagu.
The Group plans to build an integrated residential-cum-active ageing hub in Huzhou to deal with China ‘massive’ demographic challenge caused by a rapidly ageing population over the next three decades. We revised our master development plan and renamed our project as “Project Phoenix” 凤凰洲项目 (previously known as the Huzhou Project). The integrated hub will be supported by a comprehensive range of professionally managed healthcare-related (including a hospital, specialist clinics and senior activity centres), commercial, educational and family entertainment facilities that promote overall well-being and life-long learning.
We also plan to position Project Phoenix to enhance the rich and unique cultural heritage of Huzhou as well as build on the city’s historical farming and ecological background to develop a modern aquacultural industry around Mulberry Fish Pond, designated as one of the world’s Globally Important Agriculture Heritage Systems by the United Nation’s Food and Agriculture Organisation since 2017.
As our project will provide employment for local residents as well, we believe that Project Phoenix will stand to benefit from China’s recently announced “common prosperity” initiative which aims to improve income distribution by directing resources into rural areas.
Our revised master development plan under Project Phoenix has received positive feedback from the relevant local government authorities and we will provide more details about the project when the Huzhou City National Land and Space 2020-2035 is finalised and published.