EDG Parent Company SuperGen Group to Build $1.5B International Cultural and Creative Esports Center in Shanghai

On Monday Chinese property company SuperGen Group, the parent company of Chinese esports organization Edward Gaming (EDG) announced that its “Shanghai International Culture and Creative Esports Center” started construction in Shanghai’s Minhang District. The milestone was commemorated with a ground breaking ceremony at the site of the industrial park.

The new park will serve as the organization’s new home venue and office building, and will also house an esports entertainment venue (which will be capable of hosting an on-site audience of 6K), a “five-star esports-themed” hotel, a breakdancing facility, an indoor skydiving venue, and many other amenities and attractions.  

Construction on the center is expected to be completed by 2023.The first phase of the project cost more than ¥5B ($774M USD), with the total investment of the project will be more than ¥ 10B ($1.55B USD), according to the announcement by SuperGen. The total size of the industrial park is 500K square meters (roughly 5.38M square feet), and plans to host 300 esports international competitions each year, with a capacity of 10K visitors daily.

Jiangzhu Yuan, vice president of SuperGen Group, also stated that the new park is expecting to attract hundreds of esports companies, as well as offering around 2,000 esports related jobs.

Source: Read Full Article