All Outlet Eyes Turn to Asia - Value Retail News

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ChiNa (continued from page 6) 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
34 Planned Outlet Projects in China By City/region Project name GLA Opening City/Region Developer the Palette Beijing 100,000 sf 2012 Beijing Outlets China-Freeport Globe Outlet - Changchun 810,000 sf pipeline Changchun/Jilin Globe Outlet real estate Ltd. Changsha You’a Outlets 80,000 m2 pipeline Changsha You’a Globe Outlet-Changsha 86,000 sf 2011 (October) Changsha/hunan Globe Outlets-richly Field-horizon Group Globe Outlet - Chongqing 810,000 sf pipeline Chongqing Globe Outlet real estate Ltd. dalian Windfall 300,000 sf 2012 dalian/Liaoning Windfall the Palette Fushan 100,000 sf 2011 (October) Fushan Outlets China-Freeport Globe Outlet - Fuzhou 810,000 sf pipeline Fuzhou/Fujian Globe Outlet real estate Ltd. hangzhou Xiasha Outlets 75,000 m2 2011 haining/haining Bailian hangzhou Scitech n/a 2011 hangzhou PCd Stores Globe Outlet - harbin 810,000 sf pipeline harbin/heilongjiang Globe Outlet real estate Ltd. Globe Outlet - hefei 810,000 sf pipeline hefei/anhui Globe Outlet real estate Ltd. the Palette huzhou 100,000 sf 2012 huzhou Outlets China- Freeport Jinan Pacific Outlets n/a pipeline Jinan taiwan Pacific Group Globe Outlet - Kunming 810,000 sf pipeline Kunming/Yunnan Globe Outlet real estate Ltd. Grand Waldo Outlets 200,000 sf 2012 macao Get nice holdings Wealth Outlets 13,000 m2 pipeline nanchang hongkelong nantong Outlets 30,000 m2 pipeline nantong Xintonghai ningbo Outlets 2011 ningbo/ningbo Shanshan, mitsui, Project ntd n/a Itochu Florentia Village Pudong 53,950 m2 2013 Pudong, near rdm disney resort Globe Outlet - Qingdao 810,000 sf pipeline Qingdao/Shandong Globe Outlet real estate Ltd. Globe Outlet - 810,000 sf pipeline Qinhuangdao/hebei Globe Outlet Qinhuangdao real estate Ltd. Shanghai Fashion 700,000 sf 2011 (June) Shanghai Shangtex holding Co Ltd.- Center Yangpu Urban asia mega mills 60,000 m2 may 2012 Shanghai (Qingpu) Shanghai Welead Investment Co/the Outlet! Company Shenyang Stage n/a 2011 Shenyang Fullco/tianfang mitsubishi Shenyang n/a pipeline Shenyang mitsubishi estate Outlet China Shenyang 100,000 sf pipeline Shenyang Outlets China Shenyang Scitech n/a 2011 Shenyang PCd Stores tianjin Stage n/a 2011 tianjin Fullco/tianfang Globe Outlet - tianjin 810,000 sf pipeline tianjin Globe Outlet real estate Ltd. Florentia Village Wuqing 42,000 m2 2011 (June) tianjin/Beijing rdm PlaNNEd CENTErS Wuhan Pacific Outlets 30,000 m2 pipeline Wuhan taiwan Pacific Group Globe Outlet - Wuhan 810,000 sf pipeline Wuhan/hubei Globe Outlet real estate Ltd. Xiamen Scitech n/a 2011 Xiamen PCd Stores Source: Yiqun Wang, Gap Inc. Corporate Real Estate, ICSC, and VRN Global Outlet Project Directory SummEr 2011 InternatIOnal Outlet JOurnal 9
Page 1 and 2: All Outlet Eyes Turn to Asia Paju P
Page 3 and 4: PAGE 4 PAGE 14 PAGE 26 STAFF DAVID
Page 5 and 6: © Value Retail PLC 2010 THE Chic O
Page 10: aSia Simon lends the voice of exper
Page 13 and 14: Paju Premium Outlets tenants: Aigle
Page 15 and 16: at home, so more and more retailers
Page 17 and 18: We look after the brands as if they
Page 19 and 20: iS The fashion outlets of chicago R
Page 21 and 22: “ Excellent, best conference yet
Page 23 and 24: Fashion House Moscow moves forward
Page 25 and 26: Second Brazilian outlet center is p
Page 27 and 28: 250,000 sq m The Fund's 250,000 sq

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