New mixed-use project by HKR International and Swire Properties completes Nanjing Road (West) CBD

Today saw the official topping out of the two office towers in HKRI Taikoo Hui, the latest major project in the Nanjing Road (West) CBD area. Set to be an iconic landmark in Shanghai, HKRI Taikoo Hui is a large-scale mixed-use facility jointly developed by HKR International and Swire Properties.

The two premium Grade-A office towers which stand 250m and 170m tall - known as “HKRI Center One” and “HKRI Center Two” respectively - cover a total of over 170,000 square metres (1,850,000 sq ft).  The development also features a prime retail mall space spanning over 100,000 square meters (1,078,000 sq ft); three luxury hotels and serviced apartments with over 400 rooms; and more than 1,200 parking spaces.

The overall construction of the development continues to make good progress, with both office towers topped out, the superstructure of the retail portion close to completion, and the hotels and serviced apartments at an advanced stage. The site handover to retail and office tenants is targeted to begin from the second half of 2016, while the retail mall, hotels and serviced apartments are scheduled to open in the first half of 2017.

With a total investment of RMB 17 billion, HKR International and Swire Properties are committed to bring a wealth of building and management experience to this development.

"We very much look forward to the forthcoming completion of HKRI Taikoo Hui, our biggest development in Mainland China to date”, said Jackie Tang, CEO of HKRI Taikoo Hui at the ceremony. “This is a pioneering project in many ways with sustainability and quality at its core. Our stakeholders’ commitment to reducing the project’s environmental impact and creating a sustainable business destination is underlined by the attainment of the LEED® Platinum pre-certification, which will attract leading companies with the most ambitious sustainability requirements."

"This signature development will be the fifth project of Swire Properties and the second ‘Taikoo Hui’ in Mainland China,” said Clarence Lee, General Manager – Leasing and Management of HKRI Taikoo Hui. “The opportunity to develop at such a prime location does not come along very often. Today’s topping out marks a key milestone in our journey to bring this landmark project to the city. We believe that HKRI Taikoo Hui’s prominent location, connectivity, bespoke design and quality will ensure its place as a new lifestyle destination and a premium business address in this prestigious neighbourhood of Shanghai."

HKRI Taikoo Hui will feature two open piazzas seamlessly connected to the indoor shopping mall. The mall will host a trade mix of around 250 brands, from luxury fashion and accessories, beauty and international dining options to bookstores, supermarkets and a yoga centre. Fourteen brands will open their first shops in Mainland China at HKRI Taikoo Hui, while 12 leading brands will make their Shanghai debut. The shopping mall will also feature 12 unique concept stores, and over 40 F&B offerings ranging from cafés and casual dining to celebrity restaurants in the mall and hotel.
The project is also home to a European mansion over a century old. The building has been exquisitely preserved and was re-named ‘Cha House’ in commemoration of Dr. Cha Chi Ming, founder of HKR International. The mansion will be renovated to maintain the distinctive flavor of Shanghai’s rich architectural history.

HKRI Taikoo Hui will offer excellent connectivity, with direct access to the new metro line 13, with lines 2 and 12 (phase 2) at West Nanjing Road station only walking distance away. The site is also strategically located next to the city’s two major elevated highways.

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About HKR International
HKR International Limited has been listed on The Stock Exchange of Hong Kong since 1989 (Stock Code: 00480). The Group has diversified interests in real estate development and investment, property management, luxury hotels and serviced apartments, healthcare services and other investments in Hong Kong, Mainland China and across Asia.
Official website: www.hkri.com

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.  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 addition to Hong Kong, the Company has investments in Mainland China, the United States, Singapore and the United Kingdom.
Official website: www.swireproperties.com/en

HKRI Taikoo Hui Backgrounder

Location  
- Located in the heart of Nanjing Road (West) CBD, Jing'an District, Shanghai: Nanjing Road (West) to the north, Qinhai Road to the east, Weihai Road to the south, and Shimen Rd. (No.1) to the west.

Developers
- HKR International Limited (50%)
- Swire Properties Limited (50%)

Total investment cost
- RMB 17 billion

Architect
- Wong & Ouyang (HK) Limited

Structural engineer
- AECOM Environmental Planning and Design (Shanghai) Co., Ltd.

Building services engineer
- Parsons Brinckerhoff (Asia) Ltd.

Building and construction
- Shanghai Construction Group Co., Ltd.

Property manager
- HKRI Taikoo Hui

Estimated opening time
- HKRI Centres (office): second half of 2016
- HKRI Taikoo Hui (retail): first half of 2017
- Hotels and serviced apartments: first half of 2017

Development area
- Land area: approx. 63,000 square metres (approx. 676,000 square feet)
- Gross floor area: approx. 322,000 square metres (approx. 3,460,000 square feet)
- Landscape ratio: approx. 20%

Floor area
- A lifestyle shopping mall - HKRI Taikoo Hui (about 100,000 square metres/ approx. 1,078,000 square feet)
- Two premium Grade-A office towers - HKRI Centre One and HKRI Centre Two（over 170,000 square metres/ approx. 1,850,000 square feet in total）
- Three luxury hotels and serviced apartments (over 50,000 square metres/ approx.  538,195.5 square feet, with more than 400 rooms in total）

Parking space
- More than 1,200 parking spaces

Transport network
- Seamlessly connected to Metro Line 13 with Lines 2 and 12 (phase 2) at West Nanjing Road Station only 3 to 5 minute walking distance away
- Adjacent to the junction of the Yan'an Elevated Highway and the N-S Elevated Highway, with 30-minute distance to Hongqiao Transportation Hub and 50-minute distance to Pudong International Airport
- Well connected to a comprehensive bus network of more than 20 lines, including No.23, No.49, No.921, and No.955

Development summary

HKRI Taikoo Hui is a 50:50 joint venture between two Hong Kong listed companies, HKR International Limited and Swire Properties Limited. With a total investment value of RMB 17 billion, it is a mixed-use development for working, shopping, dining, leisure and living enjoyment. The complex is scheduled to open in phases from the second half of 2016. 
   
Prime location at Puxi
    
HKRI Taikoo Hui is located in the heart of Nanjing Road (West) CBD, Jing’an District, Puxi, Shanghai. It has direct Access to Metro Line 13, with Line 2 and Line 12 (phase two) at West Nanjing Road station only walking distance away. The development is also strategically situated next to Yan'an Elevated Highway and N-S Elevated Highway, providing direct access to the Hongqiao Transportation Hub and Pudong International Airport.

The development covers an area of about 63,000 square metres (about 676,000 square feet), and a gross floor area of about 322,000 square metres (about 3,460,000 square feet), including a lifestyle shopping mall – HKRI Taikoo Hui, two premium Grade A office towers - HKRI Centre One and HKRI Centre Two, three luxury hotels and serviced apartments, and more than 1,200 parking spaces. It is set to be the latest landmark development in the Nanjing Road (West) CBD.

HKRI Taikoo Hui – life without boundaries

The 100,000-square-metre (1,078,000-square-foot) shopping mall is composed of a central spine with two underground and four aboveground levels, which is seamlessly connected by two open piazzas. The mall will host a trade mix of around 250 brands, covering everything from luxury fashion and accessories, beauty, bookstores, supermarkets and a yoga centre to over 40 F&B international dining options. A century-old European style mansion renamed “Cha House”, in commemoration of Dr Cha Chi Ming, founder of HKR International, will be renovated to maintain the distinctive flavor of Shanghai’s rich architectural history. The project also has more than 10 indoor and outdoor venues including an indoor multi-purpose event centre, hosting year-round fashion events and lifestyle activities.

HKRI Centres - LEED® Platinum Pre-certification

The two premium Grade-A office towers, HKRI Centre One and HKRI Centre Two, will provide more than 170,000 square metres (1,850,000 square feet) of high quality office space. Committed to provide a sustainable working environment, the development has attained the LEED® Platinum Pre-certification. More than 73% highly efficient floor plate creates greater productivity and opportunities for tenants while 44 high-speed elevators with a maximum speed of 8m/s provide fast and convenient vertical transport to various zones across the two towers. HKRI Centre One also features a sky lobby at 163m high and a penthouse on the top floor, providing a panoramic view of cosmopolitan Shanghai and additional space for relaxation.

* The above information is up to date as of 2015-11-26