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The real estate giant, led by former CapitaLand Retail chief executive Pua Seck Guan, has built a one billion yuan , 500-bed tertiary multidisciplinary hospital in Xiqing district in the south of Tianjin city, as part of an integrated medical hub that it has developed. China has, over the last two decades, allowed foreign players to invest in hospitals with Chinese partners. There are more than 60 such establishments across the country, said the National Health Commission.
Developed over a land area of 3.5 million sq ft at the cost of $1 billion, the hub also has four hotels – ranging from three to five stars – offering nearly 1,000 rooms and 32,000 sq ft of meeting, incentive, conference and exhibition space. Its footprint in China covers commercial developments in Foshan, Chengdu and Shenyang, and it began operating a medical hub in Chengdu, capital of Sichuan province, six years ago.