Greenland USA Acquires 42-Acre Property in South San Francisco’s Oyster Point Property Expected to Transform City and Bolster Short and Long Term Economy Strategic Acquisition Marks Third Investment for Greenland USA
(Los Angeles, California)– August 18, 2016 – Greenland USA, a leading developer of modern and transformative properties, in a joint venture with equity partner Ping An Trust, and minority equity partners Agile Group and Poly Sino Capital Limited, today announced its acquisition of The Landing at Oyster Point in the heart of South San Francisco, the world’s premier biotechnology innovation hub. The vast 42-acre waterfront property will be built into a large-scale office and research and development complex to support the expanding life sciences industry. The joint venture is expected to invest more than $1 billion into the project.
“The San Francisco Bay Area is known globally for its leadership in innovation and we’re proud to bring Greenland’s expertise and vision for transformative properties to the area,” said Yuliang Zhang, Chairman of Greenland Group, parent company of Greenland USA. “The U.S. continues to play a critical role in our overseas expansion and we look forward to what will be a landmark property.”
Greenland USA is the majority shareholder in the joint venture, Oyster Point Development, LLC. Greenland USA’s CEO Gang Hu was named Chairman of the joint venture with Executive Vice President Taotao Song, who oversees Greenland USA’s west coast operations, named as CEO.
“Greenland USA is committed to the long-term health of the properties and communities we develop and we saw early on, with the support of the City of South San Francisco, that there was tremendous potential for growth in Oyster Point,” said Taotao Song, CEO of Oyster Point Development, LLC, and Executive Vice President at Greenland USA. “Our vision is to further cement South San Francisco’s role and reputation as the world’s leading biotech hub by creating a best-in-class campus that will stimulate and sustain its economic and social fabric.”
The to-be-renamed property at Oyster Point will comprise approximately 2,250,000 gross square feet of development, including public open space and recreational areas. The property builds on the established reputation of the South San Francisco area already known as the birthplace of biotechnology, which has attracted more than 240 biotechnology companies to the area. Development of the property will be completed in phases, with Phase I compromising approximately 500,000 square feet in the southern part of the property. Construction is expected to begin by mid-2018, following necessary infrastructure improvements by the City of South San Francisco, including streets, utilities and grading.
“The development of Oyster Point presents tremendous opportunity for the South San Francisco community and Greenland USA has approached it with the vision, expertise and energy needed to bring it to fruition,” said Mark Addiego, Mayor of South San Francisco. “By investing in Oyster Point, we will be able to further cement our position as the world’s leading center for innovation in biotechnology and other industries.”
The Landing at Oyster Point follows Greenland USA’s $1B+ investment in Los Angeles’ Metropolis and $6B+ investment in New York’s Pacific Park Brooklyn. Both projects exemplify Greenland USA’s expertise and vision for developing transformative properties in gateway cities that also support the local economy and foster the growth of the surrounding communities.
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Contact:
Cecilia Fan for Greenland USA
323-202-1465
Cecilia.Fan@Edelman.com
About Greenland USA
Greenland USA is a leading developer of residential and commercial properties that transforms communities. Greenland USA leverages its extensive international track record, commitment to design innovation, quality and efficiency and its local market expertise to bring landmark properties to fruition. It is currently developing the $1B+ property Metropolis in Los Angeles and the $6B+ property Pacific Park Brooklyn in New York.
Established in 2013, Greenland USA is a subsidiary of the Greenland Group, which is publicly traded on the Shanghai Stock Exchange (SSE), and ranked 311th among the Fortune Global 500 in 2016.
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绿地美国在南旧金山牡蛎湾收购42英亩开发案
绿地美国在美第三个投资项目，将有效推进南旧金山市近期与远期经济发展
（洛杉矶，加州）2016年8月18日——以开发现代化大型地产项目著称的绿地美国公司与股权合作伙伴平安信托，联合另外两个股东雅居乐地产和宝丰资本，今日正式宣布收购位于南旧金山市的牡蛎湾项目。南旧金山市是世界领先的生物科技产业中心。此次绿地美国收购的42英亩码头滨水项目，将建成大型办公与研发综合体，以配合南旧金山市不断发展壮大的生命科学产业。预计项目总投资将超过10亿美元。
绿地美国公司母公司，绿地集团董事长张玉良表示：“旧金山湾区是全球闻名的创新之都。绿地非常荣幸有机会为湾区带来绿地对于大型地产项目的视野与专业背景。在绿地的海外拓展战略中，美国始终是一个非常重要的部署。我们期待着把新项目建成当地的地标项目。”
绿地美国公司是项目合资公司——牡蛎湾发展有限公司的最大股东。绿地美国公司CEO胡刚受命担任合资公司董事长，宋涛涛担任合资公司CEO，负责绿地美国公司在西海岸的项目运营。
绿地美国公司执行副总裁，牡蛎湾项目开发公司CEO宋涛涛表示：“绿地美国致力于我们所开发社区的长期可持续发展与繁荣。在南旧金山市政府的支持下，我们对新项目非常有信心。我们的愿景是通过开发世界一流的产业园区，稳固牡蛎湾作为世界领先生物科技中心的地位与声誉，并以此刺激当地的经济与社会发展。”
在绿地正式收购Oyster Point的项目之后，将对其进行重新命名。项目开发案开发面积共计225
平方英尺（约21万平方米），含公共空间与配套休闲设施。南旧金山市作为世界闻名的生物科技发源地，已吸引了240多家生物科技公司前来落户。新项目将分期进行开发，一期开发位于地块南部。在获得南旧金山市政府对街道、公共事业和土地平整等基础建设改进方案批准后，一期开发预计于2018年中启动，开发面积约50
平方英尺（约4.6
平方米）。
南旧金山市市长马克·阿迭戈表示：“牡蛎湾项目的开发对南旧金山市而言，意味着巨大的发展机会。在牡蛎湾项目的成功收购过程中，绿地美国表现出了他们的视野、专业能力与热情。在新项目的推动下，我们有信心进一步巩固南旧金山市作为世界顶级生物科技与其他产业创新中心的地位。”
牡蛎湾的项目是绿地美国继洛杉矶大都会项目超过10亿美元投资和纽约布鲁克林太平洋公园项目超过60亿美元投资之后的在美第三个投资项目。绿地美国当前的两个项目：大都会和太平洋公园都是位于美国口岸城市的大型开发案，对催化当地经济发展，并带动周边社区的发展发挥了重要作用。
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绿地美国媒体关系联系人：
Cecilia Fan for Greenland USA
323-202-1465
Cecilia.Fan@Edelman.com
关于绿地美国
绿地美国是住宅与商业地产行业的领军开发企业，通过开发大规模地产项目推动社区转型。绿地美国拥有丰富的国际项目开发经验、注重创新设计、品质、效率，结合其在本地市场的专业经验，开发地标型地产项目。绿地美国目前在洛杉矶以总投资超10亿美元开发大都会项目，在纽约布鲁克林以总投资超60亿美元开发太平洋公园项目。
绿地美国建于2013年，是总部位于上海的绿地集团的子公司。绿地集团2016年在世界五百强之中排
311，上海证券交易所上市公司。