Twin towers set to rise on the Bund

Preparation work under way on a piece of land on the Bund that was the most expensive parcel in Shanghai when it was sold for 9.22 billion yuan (US$1.44 billion) last February. Construction of two 180-meter towers will start next month on the site after its original buyer Shanghai Zendai Property reportedly sold the parcel to Fosun Group for 9.57 billion yuan on November 2. Plans of the twin towers complex attracted accusations that they would ruin the skyline of the historic Bund and the height of three side buildings has been lowered to below 80 meters to make the project more harmonious with the rest of the Bund's architecture.


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