Shanghai, Chinese mainland
Swire Properties and Jing'an Real Estate Group have formed a joint venture partnership to revitalise the historic Zhangyuan shikumen compound, which is located close to HKRI Taikoo Hui, into a cultural and commercial landmark. Sitting on four land parcels in the core area of Nanjing Road West, Zhangyuan has a total site area of over 40,000 sqm. Spanning an expected gross floor area (above ground) of approximately 60,000 sqm, the historic Zhangyuan will be repositioned and transformed into a world-class cultural innovation venue, high-end office spaces, unique residential apartments, a boutique hotel and a wide variety of retail and dining outlets. The underground space will connect to three Metro lines (2, 12 and 13) at Shanghai Metro Nanjing Road West Station, enhancing connectivity to the surrounding communities. Swire Properties holds a 60% interest in the joint venture company.