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Outlet near Disneyland sets to open in May
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A designer outlet village adjacent to Shanghai Disney Resort will open on May 19 in Pudong New Area, aiming to tap the demand of luxury shopping amid potential tourists toward city's upcoming iconic attraction.
Named as Shanghai Village, the project is a joint venture between London-based mall developer Value Retail and state-backed operator of Shanghai International Tourism and Reports Zone, Shanghai Shendi Group.
The project represented the largest investment of the company worldwide, said Mark Israel, chief executive officer of Value Retail China, with about 150 boutiques set to open either upon launch or thereafter in a 55,000-square-meter space.
The UK developer had opened its first China outlet center of such kind in Suzhou back in May 2014. The phase two construction of the Suzhou Village will begin sometime in fall, according to Value Retail, and then move on to other projects in China including Hong Kong.
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