SHKP Quarterly

The entire office space at Two ITC has been leased by a renowned sports brand ITC 二期寫字樓整幢由著名運動用品品牌承租 Office and retail space at One ITC and Two ITC deliver brisk performance ITC 一期及二期寫字樓及商場表現理想 Located in the core of the Xujiahui business hub, Shanghai, ITC is the Group’s mega integrated development that spans across a gross floor area of 7.6 million square feet. Developed in three phases, ITC comprises over four million square feet of top-grade offices, more than three million square feet of prime retail space and a luxury hotel. The project will provide easy access through the underground and skywalk. ITC’s covered footbridges will connect to surrounding commercial buildings while the nearby Xujiahui metro station is an interchange station for three existing and two planned metro lines. Massive consumer traffic is expected to be drawn in, boosting its commercial value. One ITC and Two ITC offices about 92% let One ITC on Huashan Road and Two ITC on Gongcheng Road were completed in 2017 and 2018 respectively. The offices at One ITC and Two ITC boast a combined gross floor area of 490,000 square feet with occupancy standing at about 92%. The two grade-A, nine-storey office towers at One ITC have attracted notable multinational corporations as well as mainland enterprises, including the multinational hospitality company Marriott and co-working space provider WeWork. Currently, the 21-storey, grade-A offices at Two ITC have all been leased by renowned sports brand Adidas, serving as its Asia-Pacific and Greater China HomeCourt office which started operations during the first quarter of this year. Shopping mall at One ITC opening in the second half The grand luxury mall at One ITC will cover a gross floor area of about 340,000 square feet across five levels. The mall will offer international trendy brand flagship stores, all-day dining featuring a variety of cuisines, specialty outdoor dining, premium entertainment facilities, outdoor green spaces for leisure and much more to satisfy the needs of high-end millennials. Business News - Mainland Vol 92 • Q2 2019 • SHKP Quarterly 14