| For Immediate Release | 3 June 2013 |
(3 June 2013, Beijing) Sino-Ocean Land and Swire Properties jointly announced today the name of their Chengdu joint-venture retail project as "Sino-Ocean Taikoo Li Chengdu" (成都遠洋太古里).
Located in the heart of Chengdu Jinjiang District and in close proximity to the popular Chunxi Road shopping circle, Sino-Ocean Taikoo Li Chengdu represents an open-plan, lane-driven mall covering over 1,140,000 sq ft (over 100,000 sqm)*. The retail centre is complemented by a 100-room intriguing urban hotel, The Temple House, and 42 serviced apartments, both managed by Swire Hotels, as well as a 47-storey Grade A office tower called Pinnacle One. Upon completion, the over 2,710,000 sq ft (250,000 sqm)* complex will be directly connected to Chunxi Road metro station where Metro Lines 2 and 3 interchange.
The architectural design of Sino-Ocean Taikoo Li Chengdu embraces the traditional Sichuan style with a creative modern approach. The low-rise, lane-driven mall will allow retail outlets to express their brand identities to the fullest. In addition, six heritage buildings lie within the site, all of which are to be preserved and reused. The adjacent Daci Temple will add to the historical and cultural flavour of the complex.
"Riding on the success of Taikoo Li Sanlitun, we are excited with the launch of Sino-Ocean Taikoo Li in Chengdu," said Guy Bradley, Swire Properties' Chief Executive Officer - Mainland China. "We are very proud of this development, and confident that the project will become a bustling urban lifestyle hub in this dynamic city. Visitors will find the exploration of over 300 retail and food and beverage brands around the lanes, courtyards and plazas a truly different and enjoyable experience when the complex opens next year."
The shopping streets of Sino-Ocean Taikoo Li Chengdu feature a carefully crafted high-end brand mix including GUCCI, Cartier, Hermès, Ralph Lauren, Chloé, Maria Luisa, Balmain and I.T. Quality culinary line-up includes popular Michelin-starred restaurants Din Tai Fung and Tasty, together with KABB, Blue Frog, Element Fresh, Grappa's and Wagas. Palace Cinema and Ole' Supermarket will offer their premium entertainment and lifestyle experience at Sino-Ocean Taikoo Li Chengdu.
"As a strategic collaboration between Sino-Ocean Land and Swire Properties, Sino-Ocean Taikoo Li Chengdu is a unique new offering for the city of Chengdu," said Li Ming, Chief Executive Officer of Sino-Ocean Land. "We're excited to see the crossover between modern and traditional culture brought by this project, and feel that its open-lane concept, combined with a diverse retail and dining mix and highly experienced management team, will serve to make Sino-Ocean Taikoo Li Chengdu a new cultural and commercial landmark in the city."
Mr. Bradley said that The Temple House would add yet another exciting dimension to the complex. The Temple House is the third House by Swire Hotels following the success of The Opposite House in Beijing and The Upper House in Hong Kong. "The Temple House rounds off the special attraction of Sino-Ocean Taikoo Li Chengdu beautifully," he added.
Sino-Ocean Taikoo Li Chengdu is the second joint-venture project by Sino-Ocean Land and Swire Properties, after INDIGO Beijing which opened officially in September 2012. The complex is scheduled to open in phases from 2014 onwards.
* Gross floor area excludes car park areas
About Sino-Ocean Taikoo Li Chengdu
Sino-Ocean Taikoo Li Chengdu represents an open-plan, lane-driven mall covering over 1,140,000 sq ft (over 100,000 sq m)*, located in the heart of Chengdu Jinjiang District, south of Dacisi Road, east of Shamao Street and in close proximity to the popular Chunxi Road shopping circle. The retail centre is complemented by The Temple House, a 100-room intriguing urban hotel, and 42 serviced apartments, both managed by Swire Hotels, as well as a 47-storey Grade A office tower called Pinnacle One. The over 2,710,000 sq ft (250,000 sq m)* complex will be conveniently accessible from the Chunxi Road interchange station of Metro Lines 2 and 3.
Sino-Ocean Taikoo Li Chengdu embraces the historic Daci Temple and takes pride in the reinvigoration of surrounding heritage buildings. Welcoming lanes, courtyards, plazas with architecture inspired by traditional and modern streets in the east and west make it a unique representation of the Taikoo Li brand in Chengdu. Sino-Ocean Taikoo Li Chengdu won the Silver Award for Best Urban Regeneration Project in MIPIM Asia Awards 2012.
Scheduled for a phased opening from 2014 onwards, Sino-Ocean Taikoo Li Chengdu is a joint-venture between Swire Properties Limited and Sino-Ocean Land Holdings Limited.
* Gross floor area excludes car park area
About Sino-Ocean Land
Founded in 1993, Sino-Ocean Land was listed on the Main Board of the Hong Kong Stock Exchange in 2007. To date, the Company is selected as constituent of a series of indexes by Hang Seng Indexes Company Limited, including the Hang Seng Composite Index, the Hang Seng Composite Indexes (Properties & Construction), the Hang Seng Mainland 100, the Hang Seng Composite Size Indexes (Midcap Index) and the Hang Seng Global Composite Index.
The Company is engaged in the development of mid to high-end residential properties, premium office buildings and retail properties; the sale of real estate and related business. The Company has over 50 projects at various stages of development in numerous fast-growing cities. As at 31 December 2012, The Company has a land bank of over 23 million sq m to sufficiently meet the high-speed development for the next 3 to 5 years.
The Company has 15 years' experience in commercial properties with completed projects, namely Ocean Plaza, ChemSunny World Trade Center, Ocean Office Park, Ocean International Center and We-life. In the years to come, the Company will attach more importance to the development of commercial properties and increase its ratio in the entire portfolio.
Visit Sino-Ocean Land's website at www.sinooceanland.com
About Swire Properties
Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections. Listed on the Main Board of the Stock Exchange of Hong Kong, the Company's investment portfolio in Hong Kong totals over 17 million sq ft (over 1.58 million sqm)* of gross floor area, with Island East and Pacific Place as its core holdings. In addition to Hong Kong, the Company has significant investments in Mainland China, the United States and the United Kingdom.
In Mainland China, Swire Properties has a portfolio amounting to over 13.5 million sq ft (approximately 1.26 million sqm)*, including five mixed-use developments in Beijing, Guangzhou, Chengdu and Shanghai. Of these, Taikoo Li Sanlitun and INDIGO in Beijing and TaiKoo Hui in Guangzhou have opened.
Since 1980, the Company has been developing investment and trading properties on the island of Brickell Key in downtown Miami, Florida where it has created an acclaimed residential and commercial portfolio, including the new large-scale mixed-use project, Brickell CityCentre.
Through Swire Hotels, the Company also creates and manages intriguing urban hotels in Hong Kong, Mainland China and the United Kingdom, aimed at providing an exceptional experience for travellers who seek individuality, style and personalised service.
Visit Swire Properties' website at www.swireproperties.com.
* Gross floor area in respect of 100% of the properties excluding car park areas and not on an attributable basis.
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