Swire Properties is to develop two more mixed-use projects in Shanghai's Pudong New Area. The company holds 40% equity interest in each of the Yangjing and New Bund projects, in a joint venture with Lujiazui Group, its partner in the development of the landmark Taikoo Li Qiantan retail complex. The new large-scale developments will include retail, office, and premium residential components.
The Yangjing Plot offers extensive views of the Huangpu River and is historically significant for Swire, as it was the location of a wharf and godowns developed and operated by Taikoo from the 1890s. The new development will have a gross floor area of approximately 389,934 sqm (including 20,000 sqm of retail below ground) and will introduce Swire Properties' signature upscale residential brand to the Chinese Mainland.
The New Bund Plot is located at the intersection of three Metro lines and is directly opposite Taikoo Li Qiantan; it is expected to have a gross floor area of approximately 602,431.47 sqm.
As part of its HK$100 billion investment plan over the next decade, Swire Properties is aiming to double its attributable gross floor area on the Chinese Mainland.
