A 700 million yuan (US$115 million) business center, developed by the Pudong Software Industry Park, will open in Shanghai’s Pudong New Area next year, Shanghai Daily reported Tuesday, citing the park operator. The 110,000 square meter Huizhi Life Center will incorporate a hotel, offices, a park, a shopping mall, a convention center and apartments. The integration of these segments is expected to boost the development of the Jinqiao area, where the park is located, and better serve about 40,000 people working in the park, the report said. It’s the first time a local high-tech industry park has expanded into the business property market, the park operator said. By the end of 2012, companies operating in the park generated 45.9 billion yuan in revenue, the report said.
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