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20 Sep 2009

TaiKoo Hui Retail Tops Out

TaiKoo Hui (Guangzhou) Development Company Limited, a subsidiary of Swire Properties, topped out the shopping mall at TaiKoo Hui on 18 September 2009, marking an important milestone in the development of this prime mixed-use project.

Targeting the medium to high-end consumer market, the shopping mall at TaiKoo Hui will introduce an array of international premium brands. Some of the brands and stores are newcomers to the Guangzhou market, including the Ole’ Supermarket of China Resources Vanguard Limited, and the Food Republic of BreadTalk from Singapore.

At the topping out ceremony, Martin Cubbon, Swire Properties’ Chief Executive, said, “Being the first mixed-use development by Swire Properties in Guangzhou, TaiKoo Hui is of remarkable significance to the Company. The orchestrated efforts and support by the government, official departments, our partners and friends have proved essential in bringing this project to this important phase. In 2010, the spectacular 16th Asian Games will be taking place in Guangzhou. As a key contributor to the city, delivering a range of ‘infinitely satisfying’ experiences to visitors from all over the world, TaiKoo Hui will welcome this sports extravaganza along with the whole of Guangzhou.”

The shopping mall at TaiKoo Hui has a gross floor area of 1.3 million sq ft (121,000 sqm). To be completed in 2010, before the opening of the Asian Games, the shopping mall will be managed by Swire Properties. Apart from the retail portion, TaiKoo Hui consists of two office towers, a cultural centre and a luxurious hotel managed by the Mandarin Oriental Hotel Group. An unprecedented mixed-use project, TaiKoo Hui is set to be an outstanding landmark of Guangzhou.