All Outlet Eyes Turn to Asia - Value Retail News

ChiNa
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complex houses an array of international
cuisine and social clubs designed
to extend the shoppers’ stay.
Urban Retail provides development,
leasing and management services for the
project.
In Yilan, Taiwan, Urban’s Luna Plaza
project is also open. The mixed-use,
multilevel complex has Carrefour on
the lower level and three levels of outlet
tenants. The fourth floor has restaurants,
and on top of all that is the Silk
Place Yilan hotel.
JV plans Mega Mills
in Quingpu, Shanghai
SHANGHAI WELEAD Investment Co.,
Ltd. and The Outlet! Company have
entered into a partnership to jointly develop
and manage China’s first Mega Mills outlet
shopping center.
Mega Mills occupies a 420,000-m 2 site
directly off the Zhao Xiang Exit on the
G50 Highway in Qingpu District, Shanghai,
30 minutes from city center, directly
across from the most successful outlet
project in China, Bailan’s Shanghi QingPu
Outlets.
Phase I of the project will include
60,000-m 2 of luxury outlets and 4,000
parking spaces. Grand opening of phase
1 is planned for May 2012, following a
soft opening in January 2012.
RDM is awarded
Shanghai outlet site
AN APPARENT three-way battle in
China for an outlet site between the
Pudong International Airport and
Shanghai Disney Resort, scheduled to
open in spring 2016, is over. RDM says
it has signed an agreement with the
Shanghai Pudong government to be a
strategic partner in the development of
Florentia Village, the company’s second
outlet center in China.
The new project is scheduled to
open in 2013 with 53,950 m2 of GLA.
Florentia Village in Pudong will feature
traditional Italian architecture, as well
as a contemporary Italian events facility
inspired by the Italian Pavilion in the
Shanghai Expo. This pavilion will be used
for cultural and artistic events to promote
understanding and appreciation between
the Chinese and Italian people.
8 InternatIOnal Outlet JOurnal SummEr 2011
Phase 2 of the
project includes
80,000 m2 of residential
space, 88,000
m 2 of office space,
and a 280-room
Hyatt Place hotel.
The project will
also include 9,000
m2 of restaurants,
cafes and food court
vendors, an eightscreen
movie theater,
entertainment facilities and an extensive
schedule of concerts and special events.
The Outlet! Company is currently
developing Outlet! projects in Taiwan
through its partnership with the Gloria
Hotel Group, and in Wuhan and Nanjing,
China through its partnership with
WB Outlet Developments.
Welead is a member of the Pearl
River Investment Group, a China-based
private company involved in real estate
development, construction services,
telecommunications, energy and education.
Edward Chu is chairman of
Shanghai Welead Investment Co.
China’s Vegas to get
its first outlet center?
THE MACAU DAILy Times reported in
early April that Macau’s first outlet proj-
Ivano Poma, RDM
Asia Ltd. managing
director, says “the
center will have more
lifestyle facilities to
make it as attractive
a destination as the
Disney resort.”
According to the
Shanghai Daily newspaper,
the government
had invited U.S.-based
Simon Property
Group, Japan-based
Mitsui and Italian fashion/retail
giant RDM
to draft a blueprint for
the outlet mall.
RDM is owned by Fingen, the
Italian real estate, retail and finance
company also known for its partnership
with McArthurGlen in developing
outlet centers in Italy.
Mega Mills
ect will open at the Grand Waldo resort
this summer. Hong Kong-listed Get
Nice Holdings is investing € 18 million
to redevelop the hotel complex, which
will include about 200,000 sf of outlet
space. The project will target mid-level
consumers and families, rather than the
gambling mecca’s high-rollers. Products
offered will include a large number of
electronics from Japan.
Sometimes called China’s Las Vegas,
Macau, along with Hong Kong, is one
of the two special administrative regions
of the People’s Republic of China. The
territory’s economy is heavily dependent
on gambling and tourism but also
includes manufacturing. It lies on the
western side of the Pearl River Delta,
bordering Guangdong province to the
north and facing the South China Sea to
the east and south. c
Florentia Village
RDM, which intends to develop five
outlet centers in China in five years, will
open its first, Florentia Village, in June,
a 42,000-m2 center in Wuqing, near Beijing.
Italian brands opening in the center
include Prada, Fendi and Bulgari. c