Core Insights - The article highlights the successful transformation and development of LOFT49, a creative landmark in Hangzhou, which has evolved from an abandoned factory into a cultural and creative industry park, with ongoing projects like the Hangzhou Shichuang Center and the Renhe Li Hangshi Intelligent Manufacturing Center [1][2] Group 1: Company Development - The company, Hangzhou Industrial Investment Development Co., Ltd. (工投发展), has shifted from a single focus on land development to a diversified model that includes industrial park development, achieving a stable occupancy rate of around 90% for its projects [2] - The company has developed a unique "fund + base + service" strategy that maximizes the value of each park by aligning with local government industrial plans and market research [2][4] - As of 2023, the company has approximately 500,000 square meters of industrial park projects under construction and operation, indicating significant growth and expansion [2] Group 2: Project Highlights - The LOFT49 project has successfully attracted various art institutions and is set to officially open its second phase by the end of the year, focusing on industrial design and cultural creativity [1] - The Renhe Li Hangshi Intelligent Manufacturing Center, which spans about 210,000 square meters, aims to create an "industrial upstairs" model, with a current occupancy rate of about 31% for its first phase [1][2] - The company has also facilitated the relocation of innovative companies like Kuntai Magnetic Suspension, providing both funding and space to meet their needs, thus enhancing the park's ecosystem [3] Group 3: Strategic Approach - The company emphasizes a long-term strategic planning approach, particularly in its collaboration with state-owned enterprises, which helps in creating a sustainable industrial space [4] - The operational model promotes a positive cycle of "park investment - project discovery - post-investment empowerment - industrial aggregation - park development," which enhances the overall industrial ecosystem in Hangzhou [4] - The dual role of the company as both landlord and investor is expected to accelerate the gathering of technology companies and investment institutions, fostering a more dynamic innovation environment [3]