Chengdu East HSR Integrated Development
The Chengdu East High Speed Railway ("HSR") Integrated Development is the first signature showcase of Perennial's integrated real estate and healthcare strategy in China. Measuring over 14.2 million square feet in total gross floor area, the large-scale mixed-use development comprises Perennial International Health and Medical Hub ("PIHMH"), Chengdu HSR Integrated Development Plot C, Plot D1 and Plot D2 ("Chengdu Plot D2"). The integrated development will host a holistic mix of medical, eldercare, senior housing, office, retail and SOHO components when fully completed. Strategically located at the operational Chengdu East HSR Station, one of the largest HSR Stations in China, the development also enjoys unrivalled transportation connectivity.
PIHMH and Chengdu Plot D2 are positioned as healthcare real estate. PIHMH, expected to officially open in 1H 2018, will house an international hospital operator as well as mini-anchor medical and healthcare-related tenants which are Perennial's healthcare businesses. PIHMH is well-poised to become a regional medical and commercial hub that serves the burgeoning populations of Chengdu and neighbouring cities in Sichuan province. Chengdu Plot D2 will house a premium senior housing facility, Chengdu Xiehe International Eldercare and Retirement Home, which is also one of Perennial's healthcare businesses, with operations expected to commence in 2H 2018.
Perennial's integrated capabilities enable it to capture the synergies created between the real estate and healthcare components and set in motion the execution of many similar iconic HSR healthcare integrated mixed-use developments across China.