Yanlord, Sembcorp JV to build Nanjing business park

Mon May 25, 2009 1:04am EDT
 
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SINGAPORE, May 25 (Reuters) - Singapore-listed Yanlord Land (YNLG.SI) and Sembcorp Industries (SCIL.SI) said on Monday they will jointly develop a business park in the Chinese city of Nanjing that will cater to high-tech businesses.

Yanlord and Sembcorp will join Singapore's Surbana Land in a joint venture that will build 6 million square feet of commercial, industrial and residential space at Jiangxinzhou which is 6.5 kilometres from Nanjing's city centre.

The two companies did not say how much the project would cost. (Reporting by Kevin Lim; Editing by Saeed Azhar)

 

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