Caohejing Nanqiao Business Park aims to be new technology and innovation center in Shanghai
Caohejing Nanqiao Business Park today signed agreements with more than 10 companies to develop itself as a new technology and innovation center in the southern part of Shanghai.
The companies include big-name real estate and investment managers like CBRR (Commercial Real Estate Services) and JLL (Jones Lang LaSalle). A batch of startups, whose business covers cross-border e-commerce, biotherapy and artificial intelligence-driven translation device, also said today they will set up facilities in the park which aims to become a “technology oasis”.
Firms in the park will get rent reduction, investment from industrial funds, and favorable tax policies, said Zhang Sifu, chairman of the park.
The 720,000 square meter park, founded in 2016, is a subsidiary of Lingang Group, a state-owned industrial park operator. The company has nearly 20 industrial parks in Shanghai.
The park operators sign new deals with companies including CBRE and JLL.
