SCORPIO East Holdings, now known as KOP Limited, following a $150 million reverse takeover, will focus on large entertainment-driven, mixed-use developments in key Chinese cities.
First off is Winterland Shanghai, a $2.8 billion project on 18 hectares of land. Construction is expected to begin around the first quarter of next year and the development is expected to be completed by end-2018. KOP will hold a controlling stake in the development, which will include retail, office, residential and hotel components, complementing strong entertainment content that will include a theme park, hiking trail and beach club.
The cost will be funded by seeking partners, financing instruments and presales...