Baoneng takes over Putuo Central Bailian Phase 2, a project that has been unfinished for many years in Shanghai

Recently, in 2019, Shanghai Putuo District Land and Resources Bureau released the "Report on Putuo District Morphological Planning Presentation", which mentioned that the Central Bailian project has been taken over by Shenzhen Baoneng.

Information shows that this project was previously known as Shanghai’s “Seventh CBD” and was formerly known as Shanghai Xinglida Commercial Plaza, one of Shanghai’s famous unfinished buildings. The project first started planning in 2001. After several equity transfers, it was taken over by Bailian Group. The first phase of Bailian Central Plaza that has been completed has a total construction area of ??430,000 square meters and a commercial construction area of ??250,000 square meters.

In 2011, it was reported that the construction of other parts of the project, namely Bailian Central Phase II, would start, of which the commercial part would be the 157,800-square-meter Bailian Central Life Plaza (originally built with a distribution line), and was expected to be completed in 2012 Opened at the end of the year, it will be connected to the existing Bailian Central Shopping Center through the central square to form the "Bailian Central Urban Complex" commercial project with a commercial area of ??400,000 square meters, becoming one of the largest urban complexes in Shanghai.

However, there has been no movement since the project was announced.

According to the report released by Putuo District, in the future, it will promote an overall urban renewal project with an area of ??about 700,000 square meters of commercial space in Bailian Street, Central, to create a collection of Grade A office buildings, maker spaces, apartments, A commercial office complex integrating multiple functions such as hotels, commerce, and finance.

Shanghai Putuo officials stated that the project has been taken over by Shenzhen Baoneng, but the specific amount has not been specified.

It is reported that the Shanghai company of Baoneng Holdings (China) Co., Ltd. has begun operations on the Central project.

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