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Huge shopping developments open
By Cao Qian |
April 27, 2010, Tuesday
|
Online Edition
Online Edition
TWO huge shopping malls are opening on both sides of the Huangpu River to take advantage of the forecast 70 million visitors during the six-month event, and redefining Shanghai's shopping map.
In the heart of Pudong's Lujiazui district, Hong Kong developer Sun Hung Kai Properties' first landmark development in Shanghai, the Shanghai ifc mall, is scheduled to open today, three days ahead of Expo's opening.
The six-floor retail complex, which also includes grade-A offices, a five-star hotel and serviced apartments, will join West Nanjing Road, Middle Huaihai Road and the Bund area as the city's luxury shopping destinations.
With over 90,000 square meters of floor space, Shanghai ifc mall will house the largest collection of international luxury brands in the city. Fifteen percent of them are making their China debut and 40 percent their debut in Shanghai, according to Wong Chik-wing, executive director of SHKP.
Nearly 90 percent of the mall has been leased amid robust market demand, and 25 top-tier brands including Louis Vuitton, Chanel, Hermes, Prada, Gucci, Cartier, Salvatore Ferragamo and Tiffany have secured space on the ground floor.
Meanwhile, on the other side of the Huangpu River, a 300,000-square-meter mixed-used project, half of which is designated for retail and F&B, is also emerging in Dapuqiao in downtown Luwan District.
The SML Central Square, an 8-billion-yuan (US$1.17 billion) development by Ding Rong Real Estate from Taiwan, which includes grade-A offices, will launch retail operations within two months.
In the heart of Pudong's Lujiazui district, Hong Kong developer Sun Hung Kai Properties' first landmark development in Shanghai, the Shanghai ifc mall, is scheduled to open today, three days ahead of Expo's opening.
The six-floor retail complex, which also includes grade-A offices, a five-star hotel and serviced apartments, will join West Nanjing Road, Middle Huaihai Road and the Bund area as the city's luxury shopping destinations.
With over 90,000 square meters of floor space, Shanghai ifc mall will house the largest collection of international luxury brands in the city. Fifteen percent of them are making their China debut and 40 percent their debut in Shanghai, according to Wong Chik-wing, executive director of SHKP.
Nearly 90 percent of the mall has been leased amid robust market demand, and 25 top-tier brands including Louis Vuitton, Chanel, Hermes, Prada, Gucci, Cartier, Salvatore Ferragamo and Tiffany have secured space on the ground floor.
Meanwhile, on the other side of the Huangpu River, a 300,000-square-meter mixed-used project, half of which is designated for retail and F&B, is also emerging in Dapuqiao in downtown Luwan District.
The SML Central Square, an 8-billion-yuan (US$1.17 billion) development by Ding Rong Real Estate from Taiwan, which includes grade-A offices, will launch retail operations within two months.
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