Commercial & Industrial Property News Update

China - Shanghai Tower To Take Title Of China's Tallest

September 24, 2012

Scheduled for completion in 2015, the 2,073 ft Shanghai Tower will boast 6.18 million sq ft of mixed-use commercial space as China's tallest building.

China's obsession with piercing the heavens continue with the unveiling of the country's latest skyscraper project.

Standing at 2,073 sq ft tall, the Shanghai Tower will offer office, retail and other commercial units across 6.18 million sq ft of commercial space. The development is scheduled for completion in 2015, and will bolster Shanghai's stature, as a world-class landmark in China and around the world.

The project, located in Lujiazui district in Shanghai, is being developed by Shanghai Tower Construction & Development Co Ltd, with property management consultancy services provided by CBRE Group.

CEO of CBRE Brett White said, "Shanghai Tower will be one of the most prestigious properties we have ever managed, and a symbol of China's distinguished position in the global economy."

"We look forward to working with Chairman Kong Qing Wei and his team to establish the highest-caliber services for this world-class asset. Together, we will make Shanghai Tower one of the most desirable corporate and retail destinations in the world."

According to Kong Qing Wei, Chairman of Shanghai Tower, the project is "not only designed to international standards, but it also strives to adopt a best-in-class approach to operational management."

Kong added he is confident that CBRE's expertise will result in the highest level of property management for Shanghai Tower.

CBRE will initially provide consultancy in developing property and building operations strategies. Once the tower is completed, CBRE will assume property management and consultancy responsibilities.

Shanghai Tower will show its pedigree through the offer of high-quality Grade A office space, a world-class retail complex featuring international shopping experiences and will cater to sophisticated travellers through a luxury hotel. It will also feature an observation deck, while providing entertainment and cultural venues.

The project will also be a leader in eco-consciousness with the achievement of both the China Green Building Three Star rating and LEED Gold certification.

Tags: Business space, Office for lease, Shop for rent

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