In the Mainland, 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. The IFS developments will further strengthen the Group's recurrent income base in the years to come.
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). Opened in May 2018, the gigantic mall is poised to become an unrivalled shopping, dining, lifestyle and leisure destination in Hunan Province. Retail leasing exceeds the Group's most ambitious expectations, with a commitment rate of 97% and an opening rate of 84%. It demonstrates retailers' confidence in the Group's management capabilities. This retail-oriented IFS complex will tap the strong consumption market in this Central China metropolis.
Top-notch office towers of the complex will represent the most coveted address and destined to raise the standard for future workplace for financial institutions and major corporations based in the region. The opening of Niccolo Changsha, the third Niccolo hotel in the Mainland, at Changsha IFS is scheduled for the second half of 2018
Full completion of the project is scheduled for 2019.
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. With a total development area of 752,000 square metres, 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. Presenting an impressive selection of nearly 300 global premium brands (over 100 debuts in western 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 world's debut of the 180-metre-long Sonic Runway, a contemporary audio-visual art avenue, was launched on Hongxing Road as well by performing a glorious showcase of sonic art based on the integration of science, technology and art at the Chengdu IFS International Fashion Walk.
The three premium Grade A office towers mark the ultimate 21st Century workplace and the most compelling location for multinationals, financial institutions and major corporations in western China. Raising the benchmark for future offices, they create an optimal marketplace for tenants to conduct seamless business interaction.
IFS Residences, a serviced apartment encompassing 175 luxurious residences, opened at Chengdu IFS in November 2016. It is currently accommodating elite residents who are local and overseas entrepreneurs or expatriates of multinational organisations. IFS Residences is recognised as one of the most aspirational reviewed residences in Chengdu.
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 Grade A offices and Niccolo Chongqing atop the 109,000-square-metre world class retail podium, becomes the most massive integrated complex (total GFA: 541,000 square metres) in the district. This impressive development is creating a one-of-a-kind cluster that sets the quality standard for the entire area.
The premier mall is the city's new landmark offering an exceptional one-stop lifestyle experience in Chongqing and China West. Having the largest cluster of first tier brands in Chongqing under one roof, Chongqing IFS is the preferred address for the global premium retailers. The tenant mix speaks for itself, with more than 150 retailers including 80 most coveted international brands and 20 debuts in the city. An impressive lineup of delectable dining options was unveiled to spice up diners' palates. Alongside the delightful entertainment offerings including The Rink and PALACE cinema, the diverse tenant mix reinforces Chongqing IFS' s position as an iconic shopping, dining, entertainment and lifestyle destination, bringing unprecedented experiences to customers.
Niccolo Chongqing, Chongqing's highest sky hotel with spectacular views of the city, was opened alongside the mall in September 2017.
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
Wheelock Square, among the tallest skyscrapers in Puxi at 270 metres, remains one of the most preferred addresses 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 high-end retail destination with the largest Lane Crawford store in China and a mega lifestyle specialty store city'super. Various family-friendly events have been hosted to bolster engagement of families and to drive patronage and sales. 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 250 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 Chengdu||63,000||2009|
|Times Outlets Changsha||72,000||2016|
1Total development area, excluding basement area and carpark
2Gross area and net of recognised sales