New World Development (HKG:0017) will open a 1 billion yuan "grade-A" office building in Hangzhou, China in 2025, The Standard reported Tuesday.
NWD's Front Tower office, seen to boost high-end commercial property demand in the city, is the only grade-A office space up for sale at the New World City Arts Center, the report said.
The tower has floors ranging between 16,000 square feet and 38,000 square feet, featuring a shopping mall, luxury hotel, apartments, and a world-class community, the report said.
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