Yanlord to develop site in Suzhou with China Ping An Insurance unit

Singapore

IN ITS second joint venture with China Ping An Insurance Group, Yanlord Land Group is partnering a subsidiary of the financial services conglomerate to jointly develop a 295,000 square metre prime integrated development in Suzhou city's Gusu District.

The real estate developer's wholly owned subsidiary, Nanjing Renyuan Investment Co, has entered into a cooperative agreement with Shenzhen Lianxin Investment Management Co, Yanlord said in a release to the Singapore Exchange on Wednesday.