Breakthrough! TENGEN and Tishman Signed for Life Science Park

Release time:2023-11-29

On October 14th, the signing ceremony of the strategic cooperation agreement between the Government of Pudong New Area in Shanghai and Tishman Speyer, as well as the signing ceremony of the TENGEN Life Science and Technology Park project, was held at the Pudong New Area Office Center. The globally renowned multinational enterprise Tishman Speyer has teamed up with China's leading industrial and electrical company TENGEN Group, has jointly invest in building the first Life Science Park in the Asia Pacific region in Zhangjiang.

Zhu Zhisong, member of the Standing Committee of the Shanghai Municipal Committee and Secretary of the Pudong New Area Committee, Hang Yingwei, Deputy Secretary General of the Municipal Government, Deputy Secretary of the District Committee and District Mayor, Peng Song, Executive Deputy Director of Shanghai Science and Technology Foundation and member of the Standing Committee of the Pudong New Area Committee, and Wu Qiang, Deputy District Mayor of the Pudong New Area, attended the signing ceremony. Xu Ruibai, CEO of Tishman Speyer, Bao Zhiyuan, Asia Regional Director and Senior Managing Director of Tishman Speyer Company, Chen Zhichao, CEO and Senior Managing Director of Tishman Speyer Company in China, Gao Tianle, Chairman of TENGEN Group, and heads of relevant departments such as Pudong New Area Committee Office, District Government Office, District Science and Technology Commission, District Planning and Resources Bureau, District Ecological Environment Bureau, Zhangjiang Management Bureau, and Kangqiao Town jointly witnessed the signing ceremony. The event was hosted by Li Hui, Director of the Science and Technology Commission of Pudong New Area.

Zhu Zhisong introduced the economic and social development of Pudong and expressed gratitude to Tishman Speyer Company for its positive contributions in the development process of Pudong New Area. Zhu Zhisong said that openness and innovation are the most distinctive features of Pudong. The major strategies and innovative measures of the country and Shanghai in opening up to the outside world are always put first and foremost in Pudong. Tishman Speyer is an important partner of Pudong, and the collaborative development of works has become a landmark project of Pudong. The strategic cooperation between Tishman Speyer and TENGEN Group this time is in line with the construction of the leading area in Pudong and the strategic development needs of the biopharmaceutical industry. He stated that the heads of relevant departments in Pudong New Area will fully support the construction and landing of the TENGEN Life Science and Technology Park project, and believe that the cooperation between the two sides can enter a new stage, reach a new level, and win the future together.

Xu Ruibai, CEO of Tishman Speyer, stated that it is an honor to collaborate with Pudong New Area and TENGEN Group to build a global- leading life science park. He said that Tishman Speyer and Bellco Capital, an investment institution specializing in life sciences, have jointly established a life science project investment platform, Breakthrough Properties, and have successfully invested in 12 life science projects worldwide. They are very looking forward to launching the TENGEN Life Science Park project in Pudong, and will build a world-class life science park against the life science park jointly developed by Tishman Speyer and Harvard Medical School in the United States, Build a world-class life science laboratory and open innovation center, introduce cutting-edge biopharmaceutical enterprises and talents from around the world, and accelerate the construction of Zhangjiang Science City in the field of life science research in Pudong New Area by gathering global resources.

The Kangqiao Town Government of Pudong New Area, TENGEN Group, and Tishman Speyer Company have signed a tripartite agreement to fully launch the construction of a world-class life science park in Zhangjiang Science City. As one of the largest and most mature life science industry clusters in China, Zhangjiang boasts numerous top research universities, academic medical centers, and over 600 life science companies, including many leading biomedical companies worldwide.

This year marks the beginning of the comprehensive implementation of the spirit of the 20th National Congress of the Communist Party of China, as well as a crucial year for Pudong to further promote the construction of leading areas and Kangqiao to promote the construction of private enterprise headquarters gathering areas. Gao Tianle, Chairman of TENGEN Group, stated that he will take this signing as a new starting point, deeply integrate into the construction of Pudong leading areas, and build TENGEN Life Science and Technology Park, contribute to the creation of a globally leading world-class biopharmaceutical industry cluster in Pudong New Area with the "TENGEN Power".

Renderings of TENGEN Life Science and Technology Park

It is understood that the TENGEN Life Science and Technology Park project is a major investment project of TENGEN and also the largest biopharmaceutical platform project that Tishman Speyer Group has built and is currently under construction globally. As the first Breakthrough Life Science Park in the Asia Pacific region jointly built by Tishman Speyer and TENGEN, it will add new momentum to the high-quality development of Pudong's leading area.


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