to the different physical conditions of the elderly. It is a benchmark project under the “publicly-constructedprivately-operated” model within the Yangtze River delta region. Hengshan Eldercare Home, a memory cafe run by the elderly with mild Alzheimer's, was established to empower them through stimulating memories and reflexes, as well as to reduce social stigma. PACVX is China’s largest care-focused integrated Alzheimer’s Care Village covering an area of 42,523 sqm and a capacity of 700 beds. The integrated development consists of a Dementia Care Home with 420 beds, Nursing Hospital with 148 beds and its Rehabilitation Hospital with 113 beds and an International Eldercare Research Institute. Staffed with a dedicated team comprising neurologists, geriatricians, cardiologists, rehabilitation therapists, TCM physicians, psychiatrists, nurses, nutritionists and caregivers, it aims to provide a multi-disciplinary, personalised, wholistic and comprehensive care to its residents. Phase 1 has been completed with 301 eldercare beds in operation. PACVX also established green lane collaboration with the First Affiliated Hospital of Xi’an Jiaotong University, the Affiliated Hospital of Shanxi University of Traditional Chinese Medicine and Xi’an International Medical Center, making emergency transfer and treatment possible. In summary, Perennial Holdings continues to drive synergy with its integrated approach across its growing healthcare network, which encompasses more than 3,000 hospital beds across five cities. This includes four General Hospitals situated in Chengdu, Tianjin, Kunming and Xi’an, along with four Rehabilitation Hospitals located in Tianjin, Kunming, Xi’an and Foshan, as well as Eber Perennial Brain Hospital in Tianjin and two Specialist Hospitals in Kunming. At the same time, Perennial Holdings has over 17,000 eldercare beds under operation or commissioning, including close to 13,000 beds operated or commissioned by Renshoutang. Reaching for New Heights in Commercial and Retail Developments Perennial Holdings’ commercial-centric HSR TOD in Hangzhou stands at the forefront of the city’s dynamic evolution, marked by the emergence of the Hangzhou HSR TOD. Connected to the Hangzhou West HSR Station, this development is set to become the tallest structure in the city, reaffirming its stature as a prominent landmark. Comprising four skyscrapers (Towers A, B, C and D), Cloud Gate and two podiums, the Hangzhou HSR TOD will feature residential, hospitality, office, and retail components. Construction works were ahead of schedule for all its components, such as the Cloud Gate and its shopping mall and Grade A offices. Its structural top-out and facade were already completed, with M&E works underway. Hangzhou HSR TOD is expected to be completed progressively from 2026, with the first phase starting with the Cloud Gate, followed by skyscrapers and podiums in subsequent phases. For its residential component, the construction of the sales gallery is in progress. Beijing Tongzhou TOD is an iconic landmark fronting the famous BeijingHangzhou Grand Canal. It will feature commercial apartments, offices, and retail spaces, including the district’s second tallest office building at nearly 250 metres, developed in two phases. Beijing Tongzhou TOD is poised to become the premier ‘live, work and play’ waterfront destination in Beijing. Under Phase 1, the sales gallery for the commercial apartments was completed in preparation for its sales launch, while the main tower of Plot 14-1 reached structural top-out. Under Phase 2, facade works have commenced. Perennial Qingyang Mall is a prime one-stop suburban mall in Chengdu. It is part of an integrated development that comprises four office blocks and several Small-Office-Home-Office (“SOHO”) components. In the year, it achieved a committed occupancy of 98%, strengthened by a rejuvenated tenant mix with new tenants such as Nitori, Domino’s Pizza, CHAGEE, and JOUIN. The year also saw a significant increase in tenants’ sales brought in by social media during the mid-year and year-end sales campaigns. Creating Destinations with Innovative Concepts and Exceptional Experiences Perennial Holdings continually strives to be at the forefront of the hospitality industry as a growing owner, operator, and manager of 3 to 5-star multiHangzhou West HSR Integrated Development Business Review China 58 PERENNIAL HOLDINGS PRIVATE LIMITED
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