Perennial Real Estate Holdings opens Chengdu medical-retail hub

90% of the development is already occupied by both healthcare and retail tenants.

Perennial Real Estate Holdings (Perennial) opened its first one-stop medical, healthcare, and retail development in Chengdu, the Perennial International Health and Medical Hub (PIHMH), with over 90% committed occupancy.

According to an announcement, PIHMH is part of the Chengdu East HSR Integrated Development which has been positioned as Perennial’s signature showcase of its integrated real estate and healthcare business model in the country.

PIHMH is positioned to serve the residents in Chengdu and the neighbouring cities, and the wider community in the Sichuan province. It is directly connected to the Chengdu East HSR Station, one of the eight largest HSR transportation hubs in China serving approximately 200,000 passengers daily.

The development spans over 280,000 sqm and has more than 50% of its GFA anchored by seven local and international medical tenants. The anchor and mini anchor medical tenants include Gleneagles Chengdu Hospital, Care Alliance Rehabilitation Hospital of Chengdu, Sichuan Integrative Medicine Hospital International Traditional Chinese Medicine Centre (TCM), Perennial International Specialist Medical Centre, BGI Perennial Genomics Diagnostic Imaging Centre, St. Stamford Plastic Surgery and Aesthetic Hospital and Aidigong Maternal and Child Health Centre.

To-date, all the medical tenants have commenced operations, except for Gleneagles Parkway Hospital which is expected to commence operations in the second half of 2018.

Anchor retail tenants at PIHMH include renowned retailers Kidswant, Jenny@Eataly supermarket, Mirako Fitness, and Highwave Sports. Other speciality tenants include lifestyle brands such as Starbucks, Watsons, and Winshare bookstore.

The development is expected to serve the residents at the upcoming 2,000-bed Chengdu Xiehe International Eldercare and Retirement Home.