Property developer Hongkong Land has introduced a new mix of tenants that will be joining Westbund Central, a US$8 billion premium mixed-use property in Shanghai’s Xuhui District.
The lineup includes international names such as Issey Miyake, the multi-brand boutique SND, Leica Store & Gallery, artisanal Swiss chocolatier House of Läderach, and design houses Hay and Paulmann.
The tenants were announced at the opening of phase two at Westbund Central.
The three-phase project is Hongkong Land’s largest-ever single investment. While phase one centred on food and beverage, cafes, and sports and leisure facilities, phase two focuses on designer lifestyle brands.
Looking ahead, phase three will introduce a cluster of global luxury maison flagships to further boost the district’s international appeal.
According to the group, upon the expected completion of the final phase in 2028, Westbund Central will have 240,000sqm of retail space and house more than 600 international retail and lifestyle brands and 180 food and beverage operators. Around 12,000sqm of retail space is already open, with an additional 30,000sqm set to open later this year.
In addition, the precinct will have 650,000sqm of premium Grade A offices that will house global companies such as Adidas and Lululemon.
“Westbund Central is a fresh and dynamic example of our strategic focus to develop ultra-premium, integrated commercial districts in Asia’s leading gateway cities,” said Michael Smith, group CEO of Hongkong Land.
“As Hongkong Land’s largest single investment to date and our flagship China property, Westbund Central is one of the most significant projects in the company’s portfolio and is designed to deliver sustained long-term value.”
