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Sign in Sign up for a FREE subscriptionLendlease launches A$400m China senior living project
Lendlease has expanded its presence in Asia with the launch of its first flagship senior living development near Shanghai, worth approximately A$400 million ($281 million).
Located in Zhujiajiao, a unique heritage water town within the Qingpu district of Shanghai, the project marks Lendlease’s entry into the growing senior living market in China. It also signifies Lendlease’s long-term commitment to the Chinese market.
The property, Ardor Gardens, will provide upmarket resort-like services for 1,300 residents in more than 850 apartments. It is scheduled to open in 2021.
“As a new and innovative entrant into China’s senior living sector, we look forward to the opening of Ardor Gardens to set a new benchmark for future senior living communities across the Yangtze River Delta area,” said Tony Lombardo, CEO, Asia Lendlease. “We believe Ardor Gardens will provide a new generation of senior living communities, catering to the growing and evolving needs of
