HKRI Taikoo Hui Celebrates Grand Opening in Shanghai

Official launch marks emergence of a vibrant new fashion and lifestyle destination in West Nanjing Road District

HKRI Taikoo Hui, Shanghai’s newest fashion and lifestyle landmark, celebrated its official launch today with a grand opening ceremony held at its mall. Mr Lu Xiaodong, Deputy Chief of the CPC Jing’an District Committee and Jing’an District Governor and Mr Zhou Haiying, Jing’an District Deputy Governor were in attendance to celebrate the opening and officiate the ceremony together with Mr Victor Cha Mou Zing, Deputy Chairman and Managing Director of HKR International Limited (“HKRI”), Mr John Slosar, Chairman of Swire Properties Limited, Mr Guy Bradley, Chief Executive of Swire Properties Limited, and Mr Jackie Tang, HKRI Executive Director and Chief Executive Officer of HKRI Taikoo Hui.

HKRI Taikoo Hui officially welcomed guests from Shanghai and further afield with a full-day opening celebration themed “Dare for More”. Vibrant live performances at the North Piazza brought a chic vibe to the opening ceremony while an exciting light installation further hiked the ambience, with the festivities continuing throughout the mall for the rest of the day.

A New Lifestyle Destination in Shanghai
Jointly developed by HKRI and Swire Properties, two Hong Kong-listed companies, HKRI Taikoo Hui is the last major development in the Nanjing West Road District. A large-scale, mixed-use development, HKRI Taikoo Huicomprises a shopping mall, two Grade-A office towers, two luxuryhotels and one serviced apartment building.

Featuring a diverse trade mix of more than 250 brands, HKRI Taikoo Hui offers a range of lifestyle and dining options and provides over 10 dedicated spaces for exclusive events and activities, contributing to an immersive shopping and entertainment experience for customers.

Lu Xiaodong, Deputy Chief of the CPC Jing’an District Committee and Jing’an District Governor, said, “We are confident that HKRI Taikoo Hui’s official opening will further optimise the commercial ecosystem of Nanjing West Road and enhance its influence, coverage and attractiveness, as well as creating more exciting factors to help Jing’an District become a pilot district of Shanghai, one of the international consumer cities.”

Victor Cha Mou Zing, Deputy Chairman and Managing Director of HKRI, said, “2017 marks the Group’s 40th anniversary and HKRI Taikoo Hui’s grand opening today unveils our new chapter in the Mainland China market. In partnership with Swire Properties, we pride ourselves on developing HKRI Taikoo Hui into a masterpiece. Throughout the years, HKRI has strived to provide a high-end lifestyle experience in all projects, and patrons will no doubt find the same stylish, highly-curated feeling at HKRI Taikoo Hui. We have every confidence that this flagship project, the latest addition to our portfolio, will create great value for the Shanghai community and the Group’s business.”

“HKRI Taikoo Hui bears our hallmarks of a stunning and sustainable design, vibrant mixed-use components and an ideal location in the heart of the city centre,” said John Slosar, Chairman of Swire Properties. “As our fifth mixed-use development in Mainland China and first ever in Shanghai, we’re very proud to debut such an exceptional offering to the Shanghai community together with our partner HKR International, and begin the next chapter in our successful China story. HKRI Taikoo Hui is truly a lifestyle destination for all – a unique place to work, live and play, and we’re confident that it will have a transformational effect on Shanghai’s lifestyle scene.”

A Diverse Retail and F&B Experience
Built in the spirit of Eastern China’s “Dare for More” motto,HKRI Taikoo Hui is home to an array of retail tenants, ranging from fashion, beauty and accessories to lifestyle and dining, many of which are making their debut in Shanghai or Mainland China. More than 90% of the space has been leased out, while over 80% of shops have opened their doors in the mall.

Since its soft opening in May 2017, the mall has witnessed the opening of the largest city’super store (4,000 sqm) in Mainland China,SpaceCycle, a yoga and spinning class studio, and the flagship store of electronic auto brand NIO. Coming soon is Starbucks Reserve Roastery (2,700 sqm), the first of its kind in Asia, which will officially open its doors in December 2017. Disney opens its second store in Mainland China where it offers limited edition products designed by Chinese artists.

Another special highlight is the unique beauty corridor which houses more than 20 beauty brands, one of the few shopping malls in Shanghai to provide such a comprehensive line-up of standalone beauty and skincare stores, some of which feature exclusive spa services. Featured among the brands are CHA LING under LVMH Group, Atelier Cologne and Natura Bisse, all of which are makingtheir debut in Mainland China.

In keeping with its status as a lifestyle destination, HKRI Taikoo Hui is home to a diverse range of dining, with 45 eateries offering more than 13 types of international cuisine. These include Shanghai Club, the premium brand under Jardin de Jade, Paris Blanc, a grill house managed by Paris Group, and Hong Kong Michelin-starred congee and noodle specialist Ho Hung Kee, all of whichare making their first appearance in the region. CINKER PICTURES, a cinema house offering a unique movie experience with gourmet food and wine, is also making its debut in Shanghai.

A Premium Business Address
The two Grade-A office towers, HKRI Centre 1 and HKRI Centre 2, are the first projects to obtain the Core and Shell LEED® Platinum Pre-certification in the Jing’An District. The towers have become the location of choice for many Fortune 500 companies, who have chosen them as the base for their Mainland China or Asia Pacific headquarters, alongside multinational and domestic companies from a well-balanced industry profile, including financial institutions, legal firms, fashion brands and companies from the pharmaceutical and technology sectors. Around 80% of the office space has been leased out or committed. The first office tower opened its doors in December 2016 and tenants began moving into the second office tower in July 2017.

HKRI Taikoo Hui also features two hotels, The Sukhothai Shanghai managed by HKRI and The Middle House, managed by Swire Hotels, as well as “Cha House”, a revitalised historical building. All are expected to launch soon.

A series of exclusive events have been organised to commemorate the grand opening of HKRI Taikoo Hui. Apart from the lighting installation AQUASTELL created by French artistsat the North Piazza, there will be another exciting light installation at the South Piazza, the HKRI Taikoo Hui X YOHO SPOTLIGHT Talk, an interactive Digital Land exhibition and a street fashion exhibition hosted by GRAZIA. Following its official launch, HKRI Taikoo Hui will continue to host an exceptional range of activities to offer truly unique experiences for a wide spectrum of customers.

About HKRI Taikoo Hui
Located at 789 Nanjing Road (West), HKRI Taikoo Hui is a 50:50 joint venture between two Hong Kong listed companies – HKR International and Swire Properties, with a total investment of RMB17 billion. The development covers an area of about 63,000 square metres, and a gross floor area of about 322,000 square metres, including a lifestyle shopping mall, two premium Grade-A office towers, three boutique hotels and serviced apartments, and more than 1,200 parking spaces. It has direct access to Metro Line 13, with Line 2 and Line 12 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.

About HKR International Limited
HKR International Limited 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. 2017 marks the Group’s 40th anniversary. The Company has been listed on The Stock Exchange of Hong Kong since 1989, under the Stock Code of 00480.

In Hong Kong, projects developed by HKRI include Discovery Bay, its flagship project, and a number of residential and commercial properties. Meanwhile, on top of HKRI Taikoo Hui in Shanghai, the Group has been developing various luxurious residential projects in Yangtze River Delta.

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, Cityplaza and Pacific Place as its core holdings.

In Mainland China, Swire Properties has an attributable portfolio amounting to over 8.7 million sq ft (808,000 sqm), including five mixed-use developments in Beijing, Guangzhou, Chengdu and Shanghai. In addition to Hong Kong and Mainland China, the Company has investments in the United States and Singapore.