Chow Tai Fook Enterprises, the majority shareholder of New World Development, and France-based Groupe Allard, which specialises in reviving heritage buildings, are investing an additional US$95 million for the renovation of a large heritage site in Brazil.
The additional funds will be used to complete construction of Cidade Matarazzo, a mixed-use development, located in the vibrant Paulista Avenue corridor of Sao Paulo and incorporates the historic former Matarazzo hospital. The additional…
Source : South China Morning Post
Read more…Chow Tai Fook invests in Brazil’s largest heritage site renovation















