SINGAPORE (Dec 20): Perennial Real Estate Holdings announced that its 45%-owned joint venture vehicle, Perennial HC Holdings, has won a tender to develop two plots of land in China located next the Kunming South High Speed Railway (HSR) Station.

The tender for the development of two plots of land with a total land area of 65,054 sqm and total gross floor area of 627,600 sqm was awarded to the JV by the People’s Government of Chengong District at a land tender price of RMB 341.5 million ($67.6 million).

The Kunming South HSR Integrated Development will be developed into a one-stop regional healthcare and commercial hub comprising medical care, eldercare, hospitality, meetings, incentives, conferences and exhibitions (MICE), as well as retail components.

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