Swire Properties Limited and HKR International Limited (HKRI) have entered into an agreement with Bank of China under which Bank of China will arrange and underwrite a syndicated loan of up to RMB8 billion for the Dazhongli project, which is being co-developed by the two companies.rnThe Dazhongli project is a major investment by Swire Properties and HKRI in the Jing An District of Shanghai. With a planned gross floor area (excluding car parks) of approximately 3.5 million sq ft (approx 323,000 sq m), the mixed-use development will comprise a major retail centre, two office towers and three hotels. It is scheduled to open in phases from 2014 onwards.
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