On 8 October 2009, Shimao Property Holdings Limited and Shanghai Shimao Co., Ltd jointly acquired a prime site at the coastal area in downtown Xiamen, Fujian at a consideration of RMB 709.1 million.

The site is located on Xiagang Street, Siming District: east to Xiamen University, west to Gulangyu separated by stretches of sea, north to Wan Shi Shan Arboretum and south to the sea. It is also near Zhongshan Road commercial district and about 12 kilometers away from Xiamen Gaoqi International airport. Based on the traffic convenience and the beautiful landscape, it is an ideal high-end commercial place.

The project occupies an area of approximately 30,000 sq.m. with an aggregated planned GFA of approximately 270,000 sq.m. It is planned to build two super-high-rise buildings over 240 meters and is designated to be developed into a new symbolic construction project in Xiamen city in the future that integrates offices, SOHO, five-star hotels and commercial facilities.

As a large-scale city function body which attracts Taiwan enterprises and even world multinational companies to set headquarters, marketing center and development center in Xiamen as well as attracts advanced high-tech enterprises and entrepreneurs to develop creative industries relying on informative and intellectualized facility, the development of the project will be of great strategic significance for promoting the quick start of the Economic Zone on the West Coast of the Taiwan Straits, enhancing the communication and cooperation across the Straits and making positive contribution towards the harmony of Xiamen Social and economic development. It will also be the platform of tourism and exhibition industry on the theme of coastal tourism, leisure holiday, shopping and entertainment, which comprehensively improve the integrated facilities standard of modern service industry in Xiamen.