Perennial Holdings Private Limited - Annual Report 2024

65 ANNUAL REPORT 2024 OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX BEIJING TONGZHOU INTEGRATED DEVELOPMENT 北京通州综合项目 Beijing Tongzhou Integrated Development, spanning over 8.4 million sq ft in total GFA, is a large-scale commercial TOD that seamlessly integrates residential, office and retail components. Boasting an iconic architectural design and strategically positioned along the historic Beijing-Hangzhou Grand Canal, this landmark development aspires to become Beijing’s premier waterfront destination, offering an exceptional environment for living, working and leisure. At the heart of the project is the tallest office building in the Tongzhou District, soaring to an impressive height of nearly 250m. Upon completion, this Grade A office tower will redefine the city’s skyline, establishing itself as a distinguished new landmark. Located in the esteemed Tongzhou District, designated as Beijing’s ‘sub-centre’, the development enjoys close proximity to the new Beijing Municipal Government Administrative Centre. The district is home to key cultural and tourist attractions, including the historically significant BeijingHangzhou Grand Canal and the Universal Beijing Resort, which has rapidly become one of China’s most visited destinations since its grand opening in 2021. The development is seamlessly integrated with the forthcoming Tongyunmen Metro Station, which will be served by Metro Line M6 and the highly anticipated Metro Line S6. This strategic location ensures effortless connectivity to the Beijing Municipal Government Administrative Centre, Beijing Capital International Airport and the newly developed Beijing Daxing International Airport. Additionally, the planned Metro Line R1 will further enhance connectivity by providing a direct link to Beijing’s city centre. Just 2km from the development, the monumental 14-million sq ft Beijing Sub-Centre Station Transportation Hub commenced construction in November 2019. Designed to accommodate two HSR lines linking the city’s airports and three metro lines, the hub is set to commence operations in 2025. Upon completion, it is projected to handle an impressive daily passenger flow of 472,000, significantly reducing travel times to Beijing Capital International Airport and Beijing Daxing International Airport to just 15 and 35 minutes, respectively. Furthermore, the integration of HSR lines will enhance regional connectivity, strengthening links to the wider Jing-Jin-Ji economic region.

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