Swire Properties and Lujiazui Group Name Shanghai Retail Project - "Taikoo Li Qiantan"

Swire Properties and Lujiazui Group officially announced the naming of their joint-venture retail project today as "Taikoo Li Qiantan" (前滩太古里). Located in the heart of the Pudong Qiantan International Business District, this project embodies Swire Properties' "Taikoo Li" concept, which is well-known for its distinct open-plan, lane-driven architectural design.

Taikoo Li Qiantan will offer a gross floor area of approximately 1.3 million sq ft (120,000 sqm) and was created in accordance with a 'naturalism' design concept; blending elements found in nature with contemporary architecture. The project is a major component of a larger mixed-use development, which will also feature a 56-floor Grade-A office tower - "New Bund Centre" as well as a five-star luxury hotel - "New Bund Shangri-La Hotel", both invested by Lujiazui Group.

Qiantan is a new international business district and a rapidly developing hub for art and culture, business, entertainment, residential and world-class sporting facilities. The area is fast-becoming known for its high quality of life and excellent accessibility thanks to the well-developed transportation infrastructure. Qiantan is already home to many multinational corporations and global institutions, including New York University Shanghai and Wellington College International Shanghai. The project will be directly connected to the Oriental Sports Centre metro station which comprises three metro lines - offering direct access to major residential and commercial districts including Lujiazui, Xujiahui, People's Square and Disneyland.

Mr Xu Erjin, General Manager of Shanghai Lujiazui Group said, "Following the success of The Bund and Lujiazui, we are confident that the Qiantan International Business District will become yet another remarkable CBD, and our plan is to create a 'Lujiazui 2.0', which builds on the successful elements from Lujiazui.

"Qiantan is quickly becoming a landmark area in Shanghai, and Taikoo Li Qiantan will be a valuable addition to this district, offering unparalleled retail, F&B and leisure experiences to local communities and the greater Shanghai population."

Mr Han Zhi, Director-Retail of Swire Properties, said, "Taikoo Li Qiantan marks our third 'Taikoo Li' project in Mainland China building on the success of Taikoo Li Sanlitun in Beijing and Sino-Ocean Taikoo Li Chengdu. We are delighted to bring this distinct retail experience to Shanghai. By once again combining local elements with the Taikoo Li concept, we are confident that our second major investment in Shanghai, after the successful launch of HKRI Taikoo Hui in 2017, will become a new retail landmark for residents and visitors."

Taikoo Li Qiantan has commenced the leasing process, and is scheduled to open in phases beginning from the end of 2020.

About Swire Properties
Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong and its investment portfolio in Hong Kong comprises Taikoo Place, Cityplaza and Pacific Place as its core holdings.

In Mainland China, Swire Properties has five completed mixed-use developments in Beijing, Guangzhou, Chengdu and Shanghai, as well as one retail project in Qiantan, Shanghai currently under development. The Company's attributable portfolio in Mainland China amounts to around 9.4 million sq ft.
(www.swireproperties.com)

About Lujiazui Group
Shanghai Lujiazui (Group) Company Limited is one of the large conglomerates approved and supported by Shanghai Municipal People's Government, in charge of developing Lujiazui Finance and Trade Zone, the only national development area named after "Finance and Trade". Following the development of Shanghai World Expo, Lujiazui Group is granted a new mission - to lead the development of Qiantan International CBD.

Photo caption

1	Qiantan is a new international business district and a rapidly developing hub for art and culture, business, entertainment, residential and world-class sporting facilities.
2	Taikoo Li Qiantan enjoys excellent accessibility via a well-developed transportation infrastructure including metro, viaducts, bridges and tunnels.
3	Preliminary design of Taikoo Li Qiantan (computer rendering)
4	Taikoo Li Sanlitun, Beijing
5	Sino-Ocean Taikoo Li Chengdu