Taubman Asia and Wangfujing Group Co., Ltd announce a retail lineup for CityOn.Zhengzhou shopping center

2 November 2016

(2 November 2016, Zhengzhou) Taubman Asia, a subsidiary of Taubman Centers, Inc. (NYSE: TCO) and Wangfujing Group Co., Ltd (Shanghai Stock Exchange: 600859), today announced a strong collection of contemporary retailers set to open at CityOn.Zhengzhou in Henan province, Central China.

When it opens in March 16, 2017, CityOn.Zhengzhou will be 100 percent leased and 90 percent occupied with nearly 200 stores and restaurants. Located in the heart of Zhengdong New District, the six-level, 94,000 square meter (approximately one million square feet) shopping and dining destination will offer a curated mix of domestic, international and lifestyle brands from fast fashion to accessible luxury anchored by a four-level Wangfujing department store.

“We are thrilled to see our second China project coming to life in Zhengzhou,” said René Tremblay, president of Taubman Asia. “This project will contribute value to all Taubman shareholders as the Company realizes the value of its investment in Asia over the past several years. We are proud to unveil this unprecedented lineup of stores and restaurants.”

Food lovers will be delighted by the variety of local, regional and international cuisine at all price points and in both seated restaurants and quick serve formats. The center will also include several family-friendly experiential, educational and entertainment offerings.

“CityOn.Zhengzhou will offer a stellar collection of the world’s most in-demand brands, many making their Central China debut at our center,” said Paul Wright, group vice president, leasing for Taubman Asia. “We are committed to creating an exceptional shopping, dining and entertainment experience for our shoppers in China and at all of our properties.”

“We are glad to be working with Taubman to bring to the local community a modern and contemporary shopping experience at the iconic CityOn.Zhengzhou. Meanwhile, we are bringing a significant investment, job opportunities, economic activities and a neighborhood-friendly project to Zhengdong New District,” said Yi Liu, chairman of Wangfujing Group Co., Ltd.

For more information about CityOn.Zhengzhou, visit www.cityoncenter.com.

More Industry News

Availabilities unmet by demand sets the scene of stabilization for office rents in core submarkets

(5 October 2016, Hong Kong) DTZ/Cushman & Wakefield, a global leader in commercial real estate services, revealed that in Q3 the overall office rent in Hong Kong has edged upward for the seventh consecutive quarter since Q1 2015, but the pace was a mild 0.2% up from Q2, indicating that rentals are close to the ceiling. Meanwhile, the fall in high street rentals narrowed further amid some [...]

Residential property markets set to benefit from new global measurement standard

(27 September 2016, Hong Kong) A new international measurement standard has been launched to offer more clarity and consistency to users of residential property services, whether they’re buying, selling, renting or investing, according to RICS (Royal Institution of Chartered Surveyors. The International Property Measurement Standards (IPMS): Residential Buildings will provide a uniform [...]

Revolutionizing the traditional office leasing model at THE WORK PROJECT

(27 September 2016, Hong Kong) Revolutionary office leasing concept, The Work Project, opened today at Causeway Bay’s Midtown. After observing the multiple challenges that companies in Hong Kong face in trying to lease office spaces, Founder of The Work Project, Junny Lee, wanted to create a space that offered unprecedented flexibility – allowing users to choose an office size and [...]

The History and Culture of Wuhan Sparkle at night, thanks to OSRAM

Osram transforms the Yangtze and Han rivers in Wuhan and their four banks into the largest synchronized LED screen on earth, with over 20km of synchronized LED lightshow weaving fairy tales into the night sky and river reflections. With the lighting and control solutions provided by OSRAM Lighting Solutions, the Yangtze and Han rivers come to life, offering residents and tourists a visual [...]

Atkins helps secure Asian Development Bank loan for Beijing Air Quality Improvement Program

A program preparation report by Atkins assessing the potential environmental impacts of policy actions taken by the Hebei provincial government to tackle the long standing air pollution in the greater Beijing capital area has helped secure a loan of $300 million, the first ever policy based loan to the People’s Republic of China (PRC) from the Asian Development Bank. The greater Beijing [...]

Residential sector drives recovery of China real estate market, says Urban Land Institute survey

(22 September 2016, Beijing) Urban Land Institute (ULI) has released Chinese Mainland Real Estate Markets 2016 today. According to the report, the Chinese mainland real estate made a strong recovery in the past year as a result of the government’s loose monetary policy and favorable policies for the housing market such as the cancellation of home purchase restrictions nationwide, except in [...]

Hong Kong: third most sustainable city in Asia, while facing challenges in environmental and social infrastructure

(12 September 2016, Hong Kong) Hong Kong is the third most sustainable city in Asia, trailing behind Singapore and Seoul – according to the Sustainable Cities Index from Arcadis, the leading global Design & Consultancy for natural and built assets. Zurich is the top-ranked city globally. The advanced Asia Pacific cities of Singapore (in second place), Seoul (7th), Hong Kong (16th) and [...]

Property sales roar back as market buoyed by optimism

(14 September 2016, Hong Kong) DTZ/Cushman & Wakefield, a global leader in commercial real estate services, reviewed today the performance of the residential and property investment markets of Hong Kong in the third quarter of 2016. Continuing the rebound in Q2, the residential market witnessed a robust summer with active property sales thanks to resumed confidence towards the residential [...]

Hong Kong Green Building Week 2016

(31 August 2016, Hong Kong) The Hong Kong Green Building Week (HKGBW) has been a well-received campaign since its launch in 2013. This year, the Construction Industry Council (CIC) and the Hong Kong Green Building Council (HKGBC) again co-organisedthe HKGBW to boost public awareness of the development of green buildings and construction, as well as the green lifestyle. The Launching [...]