26th September 2019
This week our client Bolton Clark partnered with Chinese real estate giant Yango Holding Group to assist with China’s emerging aged-care industry.
China has been looking to leading aged care providers from around the world to help them design, build and run high quality aged care facilities. Next year, China’s population is expected to reach 1.4 billion with 248 million being over the age of 60. RDNS Hong Kong, the China subsidiary of Bolton Clark, will deliver eight senior living communities with Yango Group in Shanghai, and will also train Chinese employees in aged care operations and service delivery.
Deputy Premier Jackie Trad attended the signing of the joint venture on Tuesday and said Bolton Clark have the expertise to help China with their aged-care industry.
“By 2022, RDNS Hong Kong will commission and manage up to 5,000 residential aged care beds in Shanghai – starting with the Tianhui Senior Living Community redevelopment, which includes 120 independent living apartments, 10 residential aged care beds and an on-site clinic,” she said.