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Located in Yangjing Riverside in Pudong New Area, the large-scale, mixed-use development also features Lujiazui Taikoo Yuan Residences, the Company’s residential debut in the Chinese Mainland
Swire Properties is pleased to announce that its Yangjing[1] mixed-use development, the latest joint venture with the Lujiazui Group in the heart of Shanghai’s Pudong New Area, has been named Lujiazui Taikoo Yuan (陸家嘴太古源). Planned to open in phases starting from 2027, Lujiazui Taikoo Yuan will be a mixed-use development comprising luxury residential, Grade-A offices, a retail mall, cultural and event spaces, a hotel and serviced apartments. It includes the Company’s first ever residential product in the Chinese Mainland. Lujiazui Taikoo Yuan Residences (陸家嘴太古源 源邸) will enjoy the open, panoramic views offered by the development which occupies a 1.5km stretch along the Huangpu River.
As the third venture with the Lujiazui Group, a visionary developer in the Pudong New Area, Lujiazui Taikoo Yuan is also Swire Properties’ fourth large-scale development in Shanghai, marking a new milestone for the Company’s expansion in the metropolis and its long-term commitment to developing innovative and transformational destinations in the Chinese Mainland. Swire Properties holds a 40% equity interest in this iconic new development.
A world-class mixed-use development integrating history, modernity and nature
The name Lujiazui Taikoo Yuan draws inspiration from the Chinese character 源 (pronounced as yuan, which means “origin” or “source”). “Yuan” signifies an endless stream of originality and innovation, representing the convergence of heritage and forward-looking development.
It also highlights the special role that Yangjing has played in Shanghai’s development as well as its historical significance to the Swire Group. Yangjing East was the location of the Taikoo Wharf that was built and operated by the Company in the early to mid-1900s. The site’s two silos were once the largest grain storage facilities in Asia.
The partners will leverage their wealth of experience in retaining local cultural and historical elements, as well as maximising the benefits of the unique riverfront location in the development design. The goal will be to curate a mixed-use community that incorporates elements of heritage, culture, art, nature and high-quality modern living.
With a total site area of 152,000 sqm, Lujiazui Taikoo Yuan has an expected gross floor area of approximately 390,000 sqm. The development boasts excellent connectivity, with easy access to the city’s main thoroughfares, metro lines, river ferries, cycle trails and walkways, as well as a seamless link to the iconic Lujiazui CBD. It will feature characterful gardens and a seamless network of public pedestrian link bridges, connecting the new and existing communities behind the development directly with the riverfront to create a cohesive sense of place. There is the potential for integration with the Minsheng Wharf area, and the opportunity to build a thriving mixed-use community for living, working and leisure that will be appealing to both locals and visitors alike.
Xu Erjin, Chairman of Shanghai Lujiazui Group, said: “The extended partnership between the Lujiazui Group and Swire Properties on Lujiazui Taikoo Yuan is primarily attributed to our shared long-term commitment to high-quality sustainable development. We are impressed by Swire Properties’ outstanding track record in urban redevelopment projects, which successfully preserve unique local elements, respect local historical and cultural legacies, and seamlessly integrate modern elements.”
Mr Xu added that the development’s plot along the Huangpu River holds significant industrial heritage. “As a pivotal player in Pudong’s development, Lujiazui Group will leverage our efforts on the development blueprint for waterfront areas along Shanghai’s ‘One River and One Creek’ [referring to the Huangpu River and the Suzhou Creek], and work closely with Swire Properties to carefully plan, design and develop Lujiazui Taikoo Yuan to ensure that it becomes a ‘charming showcase’ for the innovative regeneration of industrial heritage in Shanghai and Pudong, as well as a ‘glorious gem’ along Pudong’s world-class waterfront mixed-functional belt.”
Tim Blackburn, Chief Executive of Swire Properties, lauded the new project and partnership, saying: “Following the great success of our Taikoo Li Qiantan development, we are excited to be continuing our partnership with the Lujiazui Group to build another world-class landmark for Pudong and Shanghai that both honours the area’s rich history and looks ahead to the future of the Yangjing plot, a site full of historical significance for us.”
“Shanghai has always been important to Swire Properties and is now the city where we have the largest scale of operations (in terms of area) in the Chinese Mainland. Backed by our track record and our experience in developing landmark destinations that integrate historical and cultural elements, we are confident that, working together with the Lujiazui Group, we will once again raise the bar in creating an unparalleled experience that will further enhance the vitality and international influence of Shanghai.”
First signature residential brand in the Chinese Mainland by Swire Properties, in partnership with the Lujiazui Group
As Swire Properties’ first residential project in the Chinese Mainland, Lujiazui Taikoo Yuan Residences will combine the Company’s international experience in developing luxury residential projects with the local expertise of the Lujiazui Group to offer future residents a unique living experience at the ultimate riverfront location in Shanghai.
The real estate industry in Shanghai has entered a new stage of high-quality development and the demand for luxury residential offerings remains robust. Designed by a team of experienced and highly reputable international architects, designers and consultants, Lujiazui Taikoo Yuan Residences aims to create a riverside community with a timeless and elegant design that will redefine luxury living in Shanghai. The project will feature eleven exclusive residential buildings with 378 private residences for sale, offering a spacious living environment situated within a lush neighbourhood of secluded landscaped gardens. The elevated building design will allow residents to enjoy commanding Huangpu River views across the bund’s promenade.
Committed to sustainability and environmental excellence, Lujiazui Taikoo Yuan Residences will embrace wellness and quality living, with unparalleled connectivity and walkability along the riverside promenade for residents and guests. In addition to luxury living spaces, residents will be able to enjoy a range of superior facilities in the clubhouses provided.
The sales gallery for Lujiazui Taikoo Yuan Residences will open in the third quarter of this year, with the first batch of residential units scheduled for sale in the fourth quarter. For more information, please follow the official WeChat account of Lujiazui Taikoo Yuan Residences.
[1] According to the latest regional plan of Shanghai’s Pudong New Area, Yangjing area has been renamed as Xinminyang area.
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Photo Captions (The following renderings are for illustrative purpose only, and the final product may vary based on the actual site conditions and construction specifics)
2. Lujiazui Taikoo Yuan Residences
About Lujiazui Group
Shanghai Lujiazui Development (Group) Company was founded in 1990. At the beginning of establishment, the Group was mainly responsible for the overall development of Lujiazui Financial and Trade Zone. In recent years, Lujiazui Group has been developing and managing a broader range of urban areas such as New Bund, Lingang, Zhangjiang, and Chuansha. The Group has also expanded its business to not only regional development and operation, but also investment promotion and financial services. Now the Group manages its business and investments through three major operating divisions: urban development, cultural, sports and tourism development and financial services. Lujiazui Group is committed to becoming an outstanding and competitive mixed-use operator in the Modern Service Industry.
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, Pacific Place, Cityplaza, Citygate Outlets. The Company’s completed portfolio in Hong Kong comprises approximately 1.54 million sqm (approximately 16.5 million sq ft) of space.
In the Chinese Mainland, Swire Properties has six completed mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu. They include Taikoo Li Sanlitun and INDIGO in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Taikoo Li Chengdu. INDIGO II in Beijing, Taikoo Li Xi'an, two new, mixed-use projects in Shanghai and a new retail project in Sanya are currently under development. The Company’s completed portfolio in the Chinese Mainland comprises approximately 1.31 million sqm (14.1 million sq ft) of space.
In addition to Hong Kong and the Chinese Mainland, the Company has a presence in the United States, Indonesia, Vietnam, Singapore and Thailand.
Visit Swire Properties’ website at www.swireproperties.com