Singapore’s Cubix International and China’s Bestlinkage Group are opening a $1.5bn media hub, D’Hive, in the Songjiang district of Shanghai.
The project, which is backed by the district government of Songjiang, will offer local tax, rental and set-up incentives, production funding and on-site consultation.
Scheduled to break ground at the end of 2014, the commercial development spans 390,000 square metres and aims to bring in tenants ranging from studios and production companies to creative and media agencies. It also aims to become a one-stop destination for foreign media companies who are looking for media-related services or to set up operations in China.
Companies including Singapore’s Yellow Box Studios and Shooting Gallery Asia, Canada’s Mokko Incubation School and the US’ Latitude Entertainment are currently in discussions to set up offices in the complex.
“D’Hive will be an iconic centre for creativity and the congregation of media talents and services. The international media community and Shanghai natives who are pursuing media careers and businesses will come here for opportunities, learning and employment,” said Cubix CEO Bee Goh.
Yafei Sheng, chief secretary of Songjiang District, said: “D’Hive fits well into our long-term goal and we are pleased to team up with Cubix International and Bestlinkage Group in the investment and development of this project, bringing economic growth and value to the region. The district government will provide our utmost support to make D’Hive a success.”
In addition to media facilities, D’Hive will also house a conference centre, business park and two hotels, along with residential and commercial areas.
Cubix is a consulting firm that offers strategic brand consulting, media producing, marketing communications and management solutions. Cubix International is also involved in film financing, production, CGI and special effects. US and China-based Bestlinkage Group is a real estate development and asset management firm.