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$150 Million Proposal for Adelaide's Chinatown

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Written by Marc Pallisco   
Saturday, 20 February 2010 01:04

ADELAIDE’s Chinatown precinct is set for a $150 million residential and commercial project.

A joint venture between listed solar energy firm Advanced Energy Systems and Chinese property group Tangcheng Group is proposing a six-storey, 300-unit apartment project for the 171 – 207 Gouger Street site.

The majority shareholder in AES is billionaire Chenghui Xu, the AFR reports.
Construction of the new project could start in 2010 if approved.

AES will use solar energy technology to power the project.