In mainland China, investment properties are led by the IFS series at the very heart of CBD or new CBD in select cities. IFS developments are positioned as trendsetting landmarks with unrivalled location, superior planning and design, retailer and shopper critical mass, as well as top-notch management. Through years of expansion, the Group’s Mainland Investment Properties portfolio has established leading market positions in the cities where we operate and delivered incremental contribution to the Group’s results.
Changsha IFS, featuring an enormous 246,000-square-metre mall, boasts the city's most coveted location at the intersection of Huangxing Road (one of the busiest pedestrian streets) and Jiefang Road (financial street) with an underground linkage to Wuyi Plaza Station (the interchange station for Metro Lines 1 and 2). With continuous operational efforts to enhance environmental sustainability, this tallest building in Hunan Province has achieved LEED Platinum certification.
As a one-stop destination from entertainment to lifestyle, retail, culture and dining, the retail-led Changsha IFS has promptly emerged as the new landmark in central China. Changsha IFS is injecting new impetus in the central China region as it emerges as the community hub for the city, bringing a vast array of exhibitions, cultural activities, festivals, and art collaborations with famous artists such as KAWS, Steven Harrington and Tom Claassen.
The 243,000-square-metre retail podium houses over 370 brands, including top luxury labels, jewelry & watches, fast fashions, 100 debuts for Hunan and 30 split-gender duplex flagships of international brands. Furthermore, over 100 brands staged their first-ever collaboration with Wharf in mainland China, testament to the Group’s constant value creation capability.
Two top-notch office cum hotel towers include the 452-metre Tower 1, the tallest building in Hunan province. Location and quality quickly made the Tower 1 as the top office address for major enterprises and multi-national corporations. Tower 2 is scheduled for completion in phases from the second half of 2022.
Niccolo Changsha, a luxury sky hotel inaugurated in late 2018, features 243 contemporary chic rooms and spectacular suites. Crowning the top floors of Tower 1, this tallest hotel in central China which commands bird’s eye view of the city skyline and Xiang River has quickly taken over as the leading in the city with top ranking in room yield among competitors.
Chengdu IFS, modelled on Harbour City in Hong Kong, is strategically located at the intersection of three major commercial roads - Hongxing Road, Dacisi Road and Beishamao Street, the busiest pedestrian shopping area of the city. The prime location, comparable to a combination of Hong Kong's Central CBD, Causeway Bay and Tsim Sha Tsui, alongside the directly connected mass transit railway station (lines 2 and 3 intersect), puts Chengdu IFS in an unrivalled position to attract mainstream customers in the western China metropolis. Chengdu IFS comprises a 204,000-square-metre mega shopping mall, 287,000-square-metre premium-grade A office towers, 70,000-square-metre serviced apartments, and a 230-room luxury hotel, Niccolo Chengdu.
Chengdu IFS has rapidly become a landmark destination in western China soon after its opening in 2014. Bringing together the best of international retail, lifestyle and hospitality, Chengdu IFS takes pride in being the industry leader as it is named the top 10 malls in mainland China for retail sales, often the only one from western region. Presenting an impressive selection of over 600 top-tier international brands (over 100 debuts in China), the mega mall affirms its dominant position with its unique advantageous elements. The 15-metre-tall outdoor giant panda art installation and the 7,700-square-metre Sculpture Garden remain popular photographic hotspots, while the entertainment offerings including a UA (IMAX) movie theatre and an ice skating rink create a euphoric atmosphere for shoppers.
Powerful marketing campaigns play a pivotal role in securing shoppers flow. An unprecedented "sister streets' partnership" was announced between Chengdu IFS and Le Comité Saint Germain des Prés of Paris, which helps foster Sino-French exchange and co-operation in art, culture, business and tourism.
The three Grade A office towers attract top international corporations and Fortune 500 companies to set up their regional headquarters, underpinned by the most coveted location in the city and years of deliberate operations.
Hotel and IFS Residences
Niccolo Chengdu, opened in 2015 as the first of the very successful Niccolo Hotels, continues to command market leading position, with room yield and occupancy outperforming peers in the competitive set.
IFS Residences, a serviced apartment encompassing 175 luxurious residences, opened at Chengdu IFS in November 2016. It is home to elite residents including consuls general of various nations, local and overseas entrepreneurs or expatriates of multinational organisations.
It is among the most highly-rated residences in the city and earned an array of industry awards, including “The Best Family — Friendly Serviced Apartment” in the 12th China Best Hotel Awards and garnered three awards in the 17th Beautiful China Golden Olive Awards. High occupancy was also reported with healthy growth seen in domestic market.
Chongqing IFS, the 50%-owned development, is located in Jiangbei District, Chongqing's new CBD where the Yangtze River meets the Jialing River. It enjoys a fabulous panoramic river view and convenient connectivity through three nearby bridges. With light railway lines 6 and 9 set to pass that area with respective stations nearby, the development is adjacent to the Chongqing City Grand Theatre, the Chongqing Science Museum and the Central Park. The iconic 300-metre landmark, together with four other towers, featuring "City-within-a-City" concept that comprises premium Grade A offices and Niccolo Chongqing atop the 106,000-square-metre world class retail podium, becomes one of the largest mixed-used mega developments in the emerging Jiangbeizui financial district.
As a pioneer of Chongqing’s luxury retail era, Chongqing IFS showcases the largest cluster of first-tier brands in the city with a diverse retail portfolio of over 170 premium brands including luxury brands’ exclusives or debuts and high-end cosmetic brands’ standalone boutiques. Coupled with exhilarating one-stop lifestyle experiences, the mall offers an enticing array of dining options, as well as exclusive entertainment facilities.
The Grade-A office towers, adjacent to a cluster of financial institutions, offers a coveted office address for multinationals, Fortune 500 and state enterprises in the area and provide a quality work environment for high-flying executives to excel.
Niccolo Chongqing, housed within the top floors of Chongqing IFS, is Chongqing's highest sky hotel with spectacular views. Opened alongside the mall in September 2017, this 252-room Niccolo hotel is the city’s epicentre for events and celebrations.
Wuxi IFS is a 339-metre landmark tower with world-class Grade A offices. As the tallest skyscraper in Wuxi CBD, the development is overlooking Taihu Plaza which boasts the large adjacent landscaped square, a public library, the public museum and the historic Grand Canal.
Shanghai Wheelock Square
Shanghai Wheelock Square, an iconic skyscraper in Puxi at 270 metres, is a compelling office address for multinationals and major corporations. Its unrivalled location right opposite to Jing’an Temple Metro Station from where frequent trains commute to Pudong International Airport and adjacent to the Yan’an elevated expressway provides excellent accessibility. It integrates environmentally-friendly aspects with state-of-the-art amenities to create sophisticated modern architecture.
In recognition of its provision of world-class service and management to tenants, Shanghai Wheelock Square was honoured with many accolades.
Times Square Series
Shanghai Times Square, strategically located on Huaihai Zhong Road, is a prominent retail destination and an ideal office choice for multinational enterprises. The development also boasts a 30-storey Grade A office tower and a 26-storey deluxe serviced apartment tower.
Besides Shanghai Times Square, the Group also has Times Square projects in Chongqing, Dalian and Wuhan.
Times Outlets Series
Outlet malls are among the fastest growing sectors of commercial properties in China. The Group has developed two world-class outlet malls in Chengdu and Changsha to tap into the huge potential of burgeoning domestic consumption by the rapidly-rising middle class.
Times Outlets Chengdu, conveniently located in close proximity to the Chengdu Shuangliu International Airport, ranks among the most-visited outlet destinations nationwide since opening in late 2009. This 63,000-square-metre mall housing over 260 international brands at attractive prices sets an excellent model for the sister mall in Changsha.
Times Outlets Changsha, mirroring the success of Times Outlets Chengdu, opened in November 2016. Located at the northwest area of Changsha, this 72,000-square-metre outlet mall which offers over 230 brands, enjoys direct access to multiple major motorways (including metro and high-speed expressway) connecting Changsha to various popular tourist attractions nationwide including Zhangjiajie and Dongting Lake. It has positioned itself as a one-stop integrated shopping and leisure landmark in the region.
The Group's IP Portfolio
|Project Name||Retail||Office||Serviced Apartment||Hotel||Total GFA1 (s.m.)||Year of Completion|
|Mixed-use IFS Complexes (Critical Mass)|
|Shanghai Times Square||90,000||1999|
|Shanghai Wheelock Square||111,000||2010|
|Chongqing Times Square2||55,000||2004|
|Dalian Times Square2||17,000||2008|
|Wuhan Times Square 2||38,000||2008|
|Times Outlets Changsha||72,000||2016|
|Times Outlets Chengdu||63,000||2009|
1Total development area, excluding basement area and carpark
2Gross area and net of recognised sales