IR News

12/09/2018
Topping Out of Shopping Mall and Office Tower at Spring City 66 in Kunming
We are very pleased to announce that Spring City 66, our first entry into the southwest region of mainland China, held a topping out ceremony today for its shopping mall and office tower, marking a significant milestone in the project’s construction and heralding the arrival of a new world-class landmark for China’s “Spring City” Kunming.
 
The ceremony was hosted by Chief Executive Officer, Mr. Weber Lo; Chief Financial Officer, Mr. H.C. Ho; and Executive Director, Mr. Adriel Chan, with other top management members also in attendance. Ms. Wang Qingmei, Deputy Director of Yunnan Provincial Bureau of Investment Promotion and Cooperation; Ms. Yi Yingxia, Deputy Governor of Panlong District, Kunming; Mr. Luo Xiaolin, Deputy Director of Kunming Investment Promotion Bureau; Mr. Xiao Rongchun, Chairman of China Construction Eighth Engineering Division. Corp. Ltd.; and Mr. Bian Jiajun, President of Shanghai Construction Group Co., Ltd., also participated in the ceremony.
 
At the topping out ceremony, the officiating guests started the device which gradually lifted a fully-filled concrete funnel and a steel beam to the top of the shopping mall and office tower respectively. With the completion of the last concrete casting for the shopping mall and the welding procedure for the top of office tower, Spring City 66 is officially topped out after intensive construction work spanning six years, and now enters the next phase of development.
 
With total investment of RMB 12 billion, Spring City 66 is our ninth Mainland project after its developments in Shanghai, Shenyang, Jinan, Wuxi, Tianjin, and Dalian. Since acquiring the land in 2011, which was originally where the Kunming Municipal People’s Government was located, we have committed our energies and resources to the construction of a commercial complex that will be a striking new landmark for the city. Following the topping out of the shopping mall and office tower, the next phase of development will see the installation of the curtain wall, interior decoration, landscaping works, and more. The leasing progress of the mall is favorable with over 60% of the leasable area already committed, including a number of brands making their debut in Kunming and the flagship stores of some international brands. The official opening of the mall is scheduled for mid-2019.
 
About Spring City 66 in Kunming
As our first project in mainland China’s southwest region, Spring City 66 is located at the intersection of Dongfeng Dong Road and Beijing Road in Panlong District, Kunming’s central business and commercial hub. The project is seamlessly connected with Metro line No.2 and No.3, offering optimal location and strong connectivity.
 
The mixed-use development under construction has a total gross floor area of 432,000 square meters, comprising a world-class shopping mall, a 63-story Grade A office tower, serviced apartments and car parking spaces. Famed for its pleasant weather, Kunming is known as “Spring City”, and the natural landscape of the city has provided inspiration for the architectural design of the project. The undulating layers of the structure evoke the surrounding mountainous terrain, and highly visible green elements and outdoor leisure spaces flawlessly harmonize the design with the city and its lifestyle, creating a new landmark on the city’s horizon that blooms with style and vitality. From the design stage, Spring City 66 has been conscious of the need to incorporate environmentally-friendly features. Its sustainability initiatives have already earned Spring City 66 the "Precertification under Leadership in Energy and Environmental Design (LEED) for Core and Shell Development – Gold Level" issued by the U.S. Green Building Council.
 
Spring City 66 will showcase the Retail-tainment concept, a one-stop retail and entertainment shopping model, introducing over 300 international retail, dining, lifestyle, and entertainment brands in a confluence of unique experiences that will ignite the imagination of the community. Spring City 66 is poised to inject fresh new vitality into Kunming’s burgeoning retail market with an excitement that will reverberate through the whole of Yunnan Province.
  • Hang Lung’s Chief Executive Officer, Mr. Weber Lo (8th from left); Chief Financial Officer, Mr. H.C. Ho (6th from left); and Executive Director, Mr. Adriel Chan (8th from right), with other top management members and Ms. Wang Qingmei (center), Deputy Director of Yunnan Provincial Bureau of Investment Promotion and Cooperation; Ms. Yi Yingxia (7th from right), Deputy Governor of Panlong District, Kunming; Mr. Luo Xiaolin (7th from left), Deputy Director of Kunming Investment Promotion Bureau; Mr. Xiao Rongchun (3rd from left), Chairman of China Construction Eighth Engineering Division. Corp. Ltd.; and Mr. Bian Jiajun (3rd from right), President of Shanghai Construction Group Co., Ltd., officiated the topping out ceremony of Spring City 66 in Kunming.
  • Hang Lung’s Chief Executive Officer Mr. Weber Lo thanks the effort and contribution by the team of Spring City 66 in Kunming.

Select and copy the link below:

Select and copy the link below:

Copied to clipboard