International real estate developer intends major investments in Nova Scotia. Dongdu International Group signs MOU with Nova Scotia economic development agencies
HALIFAX, NOVA SCOTIA, CANADA May 27, 2014 – Dongdu International Group (DDI), a Shanghai-based international real estate, high technology and lifestyle oriented company, has signed a memorandum of understanding (MOU) with Nova Scotia Business Inc. (NSBI) and Greater Halifax Partnership (GHP) formalizing intentions to carry out a multi-phased plan of investment and development in Halifax and other areas of Nova Scotia.
DDI has more than 20 years of comprehensive real estate development experience, with business interests in east China, southwest China, Hong Kong, the United States and Canada.
In 2013, DDI acquired and is refurbishing the historic Pacific Building on Barrington Street in Halifax, and is planning additional developments in Nova Scotia. To date, DDI has acquired nine properties in Nova Scotia and one property management company.
“Nova Scotia and Halifax have an abundance of well-educated people, many universities and international students, beautiful scenery, interesting tourist attractions, as well as superior transportation linkages and emerging new technologies, all of which make it a compelling location for DDI to establish its first Canadian location,” said Marvin H.L. Li, Founder, Chairman & CEO, DDI.
“DDI is an internationally recognized company that has chosen Nova Scotia to do business,” said Ron Smith, CEO, NSBI. “We will continue to work with our partners and DDI to manage potential investment and trade opportunities for the province.”
“There has never been a better time to invest in Halifax and Nova Scotia,” said Paul Kent, CEO and President of the Greater Halifax Partnership. “Halifax understands its role and responsibility to the province and region to demonstrate leadership in attracting new investment and growing the economy. We look forward to working with DDI to explore economic opportunities for our city and province.”
Investments in Halifax and Nova Scotia are DDI’s first in Canada, but not North America. DDI recently purchased and is refurbishing three prominent buildings in downtown Detroit, MI, including the David Stott, old Detroit Free Press, and Clark Lofts buildings, and also have real estate investments in California.
DDI was recognized as one of the top 100 real estate developers in China in 2013, the top 10 fastest growing real developers in China in 2013, one of the top employers in 2009, and has created a niche in the China’s housing culture for young Chinese leaders and has been recognized for innovation with projects such as: Shanghai DongDu Celebrity Building, Shanghai City Young Executives Series, Changzhou City Young Executives Series and Nanjing International Youth City.
DDI intends to build a strong partnership with Nova Scotia governments, universities and business communities, which will provide opportunities for new jobs, develop new trading relationships, attract tourists, and build new businesses all with mutually beneficial outcomes.
“We see great long-term potential for the development of information technology, film and tourism sectors in Nova Scotia,” said Li.
DDI’s longer-term vision in Nova Scotia could include private-sector investment in resort developments, establishment of a high-tech cluster, promotion of tourism in China, and further development of a film and movie industry.
About Dongdu International Group
Dongdu International Group (DDI) was established in Shenzhen in 1989, and headquartered in Shanghai since 2000. After more than 20 years’ development, DDI has become a comprehensive real estate, high technology and lifestyle group with business involved in east China, southwest China, Hong Kong, the United States and Canada. At the beginning, the focus of the company was in real estate development. However, DDI has diversified its business into multi-purpose real estate, high-technology, finance and private members clubs and residences.
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