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Lujiazui Group joins hands with Swire Properties to create the much-anticipated business city center

2015.09.10

Swire Properties (“Swire Properties”) entered into a Framework Agreement with 上海前滩实业发展有限公司(Shanghai Newbund Industrial Development Co., Ltd. ) (a subsidiary of 上海陆家嘴金融贸易区开发股份有限公司(Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.) (“LJZ Company”)) today signifying their intention to jointly develop a retail project (the “Project”) with an expected total gross floor area of approximately 124,000 sqm in Newbund, Pudong New District in Shanghai.  Entry into the proposed joint venture and undertaking the Project are subject to satisfaction of conditions precedent. 


Located in the planned business area of Newbund, the site for the Project will be connected to a three-line metro interchange station.  If the joint venture is formed, it is expected that Swire Properties will have a 50% interest in the Project.  The Project will benefit from both the substantial local property development experience of LJZ Company and Swire Properties’ strength in property development and management. 


Background Introduction:

Since its founding in 1990, Lujiazui Group has been committed to land & urban functions development. The company has greatly contributed to the Lujiazui Finance & Trade Zone during the past 20 years and has established the world-recognized Shanghai Financial City Center of today



After Expo 2012, Lujiazui Group has given a new mission to develop & construct a new leading international business district in Shanghai, named the “New Bund”.
New Bund’s total land area is 2.83 Square Kilometers with a building capacity of 350 million Square Meters. It has prominent location advantages, excellent transportation facilities and rich landscape resources, to make sure to become the most suitable living & working place for international families and multinational companies within the core area of the Shanghai Free Trade Zone.



The New Bund has been undergoing an efficient & rapid development under the leadership of the Shanghai Municipal Government and Government of Pudong New Area, and confirmed the timely completion of main infrastructure & landscape, while the International Hospital, Sports Development Center and other projects has already been started with a construction area of more than 1 million square meters. For the next five years, till 2020, the New Bund, alongside the Shanghai International Financial Center, will become the recognized top landmarks in Shanghai, forming the pioneer of Shanghai development 3.0.


Introducing the world leading commercial real estate developer, Swire Properties, who has successfully developed complexes and shopping malls in Hong Kong, Beijing, Guangzhou and Chengdu and their signature projects “Taikoo Hui” and Taikoo Li” are well-known architects in Asia. Both Lujiazui and Swire strongly believe that their new alliance will push forward the international level of the new city center!