|For Immediate Release||14 November 2023|
14 November 2023, Xi'an - Swire Properties and Xi'an Qujiang New District today held a groundbreaking ceremony for their joint venture project Taikoo Li Xi'an. The ceremony was attended by Yang Jianqiang, Deputy Mayor of Xi'an, officials from both Beilin District and Qujiang New District, Tim Blackburn, Chief Executive of Swire Properties and Alan Lee, General Manager - Xi'an of Swire Properties.
Spanning a site area of approximately 119,906 sqm, Taikoo Li Xi'an islocated within the Small Wild Goose Pagoda historical and cultural zone, an area of profound cultural significance. The mixed-use development will be Swire Properties' largest “Taikoo Li” project in the Chinese Mainland, with an estimated gross floor area of 256,192 sqm (above and below ground). Taikoo Li Xi'an will comprise a shopping mall, cultural facilities, and a luxury House Collective hotel, with a total investment of approximately RMB 10 billion.
“As the Small Wild Goose Pagoda historical and culturalzone undergoes an exciting transformation, Xi'anQujiang New District is committed to preserving the city's cultural relics and traditions, whilst sharing the rich history of this area with an international audience,” said a spokesperson for Xi'an Qujiang New District. “Our philosophy resonates with Swire Properties' vision, which endeavours to develop transformative projects of international influence whilst respecting local history and the cultural charm of each city. We are confident that the start of construction of Taikoo Li Xi'an will add momentum to the integrated development of ‘culture, commerce and tourism', and inject new vitality into Xi'an.”
“We are delighted to break ground on Taikoo Li Xi'an,” said Tim Blackburn, Chief Executive of Swire Properties. “This is a significant project for us, and we have devoted considerable resources to research the historical background of this very special site in the heart of the Small Wild Goose Pagoda historical and cultural zone. Leveraging our experience in transformational placemaking and urban regeneration, and together with our partner, we have a shared vision to create a vibrant, world-class cultural and commercial destination in Xi'an, which will make the city proud and showcase Xi'an on both the national and international stage.”
As Swire Properties' fourth Taikoo Li-style project, Taikoo Li Xi'an will feature an innovative low-rise, open-plan architectural design, inspired by the simple yet elegant style of traditional Tang Dynasty architecture. Located within the Small Wild Goose Pagoda historical and cultural zone, the development will place the Small Wild Goose Pagoda, a world heritage site, and the Jianfu Temple, a royal temple of Tang Chang'an, as key focal points.
The design will also pay tribute to the historical significance of the location within Anren Fang, one of the 108 ancient Fangs (subdivision of a city) in the Chang'an City of the Tang Dynasty. The traditional urban fabric of the area will be preserved, with ancientstreets, including the 7th Heritage Avenue 第七横街, the 8th Heritage Avenue 第八横街, and Yizi Heritage Avenue 一字横街, carefully integrated into the layout.
In July 2023, Swire Properties and the Xi'an Museum jointly announced a three-year cooperation agreement to preserve and promote Xi'an'slocal culture and history. Swire Properties will donate RMB 4 million to the museum over the next three years to fund the preservation of cultural relics, and to arrange cultural and educational programmes for the community. This exciting collaboration is a joint effort by Swire Properties and Xi'an Museum to advance the city's cultural relic preservation works during the 14th Five-Year Plan period (2021-2025).
Taikoo Li Xi'an is scheduled to be completed in phases from 2026. In addition to Taikoo Li Xi'an, Swire Properties has announced a new retail development in Sanya, and two new mixed-use developments in Shanghai's Pudong New Area. The Company is also currently exploring two potential retail-led investment opportunities in Liwan District, Guangzhou and Futian District, Shenzhen, as part of its expansion plan in the Greater Bay Area.
Swire Properties has announced plans to invest HKD100 billion over the next decade, of which HKD50 billion has been allocated to accelerate its growth in the Chinese Mainland.
Please download the photos here: https://shorturl.at/epIM9
1. Project rendering of Taikoo Li Xi'an
2. Artistic impression of Taikoo Li Xi'an
3. Tim Blackburn, Chief Executive of Swire Properties gives an opening remarks at Taikoo Li Xi'an's groundbreaking ceremony.
About Swire Properties
Swire Properties develops and manages commercial, retail, hotel, and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong and its investment portfolio in Hong Kong comprises Taikoo Place, Pacific Place, Cityplaza, Citygate Outlets. The Company's completed portfolio in Hong Kong comprises approximately 1.54 million sqm (approximately 16.6 million sq ft) of space.
In the Chinese Mainland, Swire Properties has six completed mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu. They include Taikoo Li Sanlitun and INDIGO in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Taikoo Li Chengdu. INDIGO II in Beijing, Taikoo Li Xi'an, a new retail-led project in Sanya and two new mixed-use developments in Pudong, Shanghai are currently under development. The Company's completed portfolio in the Chinese Mainland comprises approximately 1.31 million sqm (approximately 14.1 million sq ft) of space.
In addition to Hong Kong and the Chinese Mainland, the Company has investments in the United States, Indonesia, Vietnam and Thailand.
Visit Swire Properties' website at www.swireproperties.com
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