"20" translates to "Henglong Real Estate teams up with Nine Hundred Group to renovate the original Shanghai Meilong Town Plaza project, with a lease of 20 years."
It is reported that the original Meilong Town Square property, which ceased operation in August last year, is about to welcome a new operator. Henderson Property Limited announced that it has signed a contract with Shanghai Jiubai Limited to operate the commercial project at 1038 Nanjing West Road in Shanghai. Henderson said that the project will be operated by Henderson in the form of a 20-year operating lease, adding about 96,000 square meters of total floor area to Henderson's project on Nanjing West Road, increasing by about 44% to approximately 312,335 square meters.
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