Foundation Laid for Shenguotou Commercial Center and Wal Mart in SIP
The foundation was laid for another landmark commercial project in SIP, Shenguotou Commercial Center with Wal Mark Shopping Mall, on June 20. Present at the grand ceremony were all the leaders of SIP Administrative Committee (Sipac) and SIP Leading Group for Service Industry Promotion, representatives of SIP bureaus, offices, major companies, corporate offices in SIP, and rural townships, and representatives from Simon Real Estate and Morgan Stanley. Speaking at the ceremony on behalf of Sipac and SIP Party Working Committee, Mr. Ma Minglong, Director of Sipac, extend warm congratulations on the start of construction of Shenguotou Commercial Plaza and Wal Mart. Mr. Wang Jinhua, Deputy Secretary of CPC Suzhou Municipal Committee and Secretary of SIP Party Working Committee, and Ms. Mi Lan, Deputy GM of Shenguotou Commercial Property Co., Ltd., unveiled the foundation stone for the ceremony.
The project of Shenguotou Commercial Center, jointly invested by Shenguotou Commercial Property, Simon Real Estate and Morgan Stanley Land Foundation of USA, is aimed to build a comprehensive commercial plaza with combined functions of shopping, leisure and entertainment. Besides Wal Mart, items to be introduced into the plaza are a film movie town, an ice skating rink, and franchised stores of world-famous brands. The commercial center is located at the intersection of Modern Avenue and Suzhou-Jiaxing-Hangzhou Expressway, covering an area of 4.6 hectares. With a total constructed area of the center is 130,000 square meters, to be opened for business by the end of 2007, the commercial center will add another landmark and momentum to the development of service industry in SIP.
June 21, 2006