OREANDA-NEWS. December 11, 2013. Prime Minister David Cameron of the United Kingdom laid the foundation stone for WE City, an extensive mixed - use development project in a prime area of Chengdu, earmarked as its new financial district.

The project is being developed by Hongkong Land tog ether with KWG Property Holding Limited (KWG).

Sir Henry Keswick, Chairman of Jardine Matheson Holdings Limited, Mr Adam Keswick, Deputy Managing Director of Jardine Matheson Holdings Limited, Mr Y K Pang, Chief Executive of Hongkong Land, Mr Kong Jian Tao, Executive Director and Chief Executive Officer of KWG, and executives from professional consultants including Benoy, Parsons Brinckerhoff, Savills and Merlin Entertainments Plc, joined the British Prime Minister to officiate at the ceremony.

“We are honoured to have the Prime Minister of the United Kingdom here to take part in this milestone event. His presence underlines the growing strategic importance of Southwestern China, which is also a key focus for Hongkong Land with almost 70% of our investments in mainland China made in this region,” said Mr Pang at the ceremony.

Strategically located in the Pan Cheng Gang Area of Chengdu?s Jinjiang District, WE City is an exciting mixed-use development which will include high - rise residential apartments , serviced apartments, a lifestyle shopping mall, office space and a stylish luxury hotel.

The entire development will have 1.3 million sq. m., with a total investment cost of almost RMB15 billion.

Skyville, the residential development of WE City, will feature some 4,000 luxurious apartments upon its completion in several years time.