Sun Hung Kai Properties (SHKP) recently acquired the respective one-third stakes in the Guangzhou Tianhui Plaza project previously held by Guangzhou R&F Properties and KWG Group. Following completion of the transactions, SHKP now has full ownership of the project, which comprises the one-million-square-foot IGC mall and the Conrad Guangzhou hotel with over 520,000 square feet of gross floor area and more than 300 rooms.  

The acquisition was conducted at market value. In addition to the consideration paid, SHKP will also assume responsibility for the long-standing tax and debt issues of the JV project company, in which SHKP originally held only a one-third stake.

Situated in the heart of Guangzhou’s Zhujiang New Town CBD, IGC mall is surrounded by Grade-A office towers, luxury residences, and world-class hotels with direct access to Liede Metro Station. Backed by the Group’s proven operational expertise, it has become a premier shopping destination across the Tianhe and Pazhou districts.

Looking ahead, the mall will continue to diversify its retail offerings while embracing the latest consumer trends, introducing a Grab & Go gourmet market and a series of themed zones. Capitalising on its prime riverside setting, the mall will also bring to Guangzhou more high-quality F&B debut stores, further enhancing its appeal as a one-stop destination for family-oriented leisure and shopping. SHKP will also continue to strengthen its collaborative efforts with the Liede community to elevate the integrated experience of leisure, sightseeing, international cultural exchange, and premium cultural tourism.

SHKP remains confident in the future prospects of Tianhui Plaza. The Group will continue to invest in the project and enhance its operational performance, fully leveraging its expertise in large-scale mixed-use developments to establish Tianhui Plaza as a leading retail and lifestyle landmark in Guangzhou and across the Greater Bay Area.