SHKP Quarterly

The Shanghai IFC offices are home to tenants mainly from reputable financial institutions, banks and professional services firms. Despite keen competition, the Group’s attributable office space in the project has achieved a high occupancy rate. The Shanghai IFC Mall has redefined shopping for mainland consumers through its abilit y to showcase its premium standards. The mall, positioning as distinctive luxury, houses over 250 top-tier international retailers and global flagship stores. Benefitting from the strong domestic demand for luxury goods, the mall has achieved robust tenant retail sales in the second half of 2020, especially during the October Golden Week. To appeal to high-end shoppers, the mall enhances its tenant mix from time to time. Newcomers include Michelin-star restaurants, sought-after dessert shops and a renowned global cosmetics chain. The Ritz-Carlton Shanghai, Pudong has maintained its prestigious position in Shanghai’s luxury hotel market. The hotel and its spa gained a Forbes Travel Guide five-star rating, and its Chinese restaurant, Jin Xuan, earned a four-star rating in the same campaign. The Shanghai IFC Residence five-star serviced suites are well received by senior executives and expatriates living in Shanghai. Shanghai ICC The Group continued to solidify its foothold in Shanghai by subsequently developing the Shanghai ICC complex. In addition to Shanghai IFC in Pudong, the Group built Shanghai ICC on the other side of Huangpu River, Puxi. It comprises two premium grade-A office towers, the IAPM mall and the luxury Shanghai Cullinan residences. Atop an interchange of three major metro lines, Shanghai ICC offers superior transport connectivity. Shanghai ICC and Shanghai IFC have long been iconic landmarks in Shanghai. The two of fice towers in Shanghai ICC house leading multinationals from diverse industries. Whilst working in premium office space, white-collar workers in Shanghai ICC can also enjoy an exquisite shopping experience at the doorstep. The IAPM mall has continued to refine its tenant mix, attracting trendy luxury flagship stores, a renowned global cosmetics chain, additional pop-up stores of luxury brands, and popular retail stores and coffee shops to offer enriched product selections for shoppers. The mall continually incorporates new technology in promotional events to enhance the shopping experience. To stay connected with millennials and Generation Z, IAPM leverages social media platforms and implements innovative digital marketing campaigns in collaboration with online celebrities. The luxury Shanghai Cullinan offers residential units in various layouts, along with a comprehensive clubhouse and scenic views. ITC, Xujiahui, Shanghai ITC is another of the Group’s integrated projects under development in Shanghai. With its outstanding design and building quality, it is set to mirror the success of Shanghai IFC and Shanghai ICC. Located in the core of the Xujiahui commercial hub, the entire ITC integrated development spans a gross floor area of 706,100 square metres (7.6 million square feet), including over 371,600 square metres (four million square feet) of top-grade offices, more than 278,700 square metres (three million square feet) of prime retail space and a luxury hotel. The strategic complex is adjacent to the Xujiahui metro station, which is an interchange station for three existing and two planned metro lines. ITC will be connected to the surrounding commercial buildings via covered footbridges for easy access. Offices in the first two phases and One ITC mall are now in operation. The opening of One ITC mall on Huashan Road in late 2019 initiated an upgrade for the whole area. The mall houses 138 top international brands, of which 10% are new to the mainland or Shanghai, and over 50% are making their debut in the Xujiahui business district. The 180-metre-long scenic street front showcases an array of international, industry-leading luxury brand flagship stores. Its comprehensive tenant mix is popular among millennials seeking the latest trends and lifestyle. The premium offices in One ITC and Two ITC, on Gongcheng Road, achieved high occupancies. Tenants include international and domestic companies, as well as a renowned sports brand. The remaining phase of ITC, on Hongqiao Road and North Yishan Road, will mainly include a 232,300-square-metre (2.5-million-square-foot) world-class shopping mall, a luxury hotel Shanghai ICC 上海環貿廣場 5