Kerry Properties forms Shanghai joint venture after winning RMB 2.71 billion Pudong land tender

• Kerry Properties formed a consortium that won a Shanghai land tender on July 30, 2026, paying RMB 2.71 billion for Pudong Yangsi land-use rights.
• A joint venture will be set up in Shanghai to hold and develop the site, owned 95% by Kerry’s unit ShengYao, 5% by partner HengJiu.
• The project targets a large-scale commercial and cultural complex on about 95,775 sq m, with most space intended for long-term self-holding.
• Kerry’s maximum investment commitment is capped at about RMB 5.04 billion, funded via internal resources or bank borrowings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kerry Properties Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260730-12262434), on July 30, 2026, and is solely responsible for the information contained therein.