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Swire properties to develop retail project in Shanghai’s Pudong

Swire properties signed a framework agreement on Friday with a subsidiary of Shanghai Lujiazui Finance & Trade Zone Development Co Ltd to jointly develop a retail project in Pudong New Area.

Located in the planned business area of Qiantan with an expected total gross floor area of 124,000 square metres, the project will be Swire’s second development in Shanghai after HKRI Taikoo Hui and also its first project in Pudong.

The joint venture will be formed under a 50-50 structure, according to a statement released today by Swire.

(Source: Shanghai Daily)