Hongkong Land opens Phase Two of US$8b Westbund Central in Shanghai

The flagship mixed-use project will feature more than 600 retail and lifestyle brands.

Hongkong Land has opened Phase Two of Westbund Central, its US$8b ultra-premium integrated commercial property in Shanghai’s Xuhui District.

The project is the company’s largest-ever single investment, with a planned total gross floor area of more than 1.7 million square metres (sq m). It is scheduled to be completed in phases by 2028.

Phase Two introduces a mix of global first stores, designer labels, and flagship concepts, including Issey Miyake, SND, Leica Store & Gallery, House of Läderach, HAY, and Paulmann.

Westbund Central will include 240,000 sq m of retail space, 650,000 sq m of premium Grade A offices, 160,000 sq m of high-end waterfront luxury residences, two hotels totalling 55,000 sq m, and more than 50,000 sq m of cultural and art venues.

The development will bring together more than 600 international retail and lifestyle brands and 180 F&B operators. Office occupiers will include global brands such as adidas and lululemon.

Around 12,000 sq m of retail space is already open, with another 30,000 sq m set to open within the year.

Hongkong Land said Phase Three will introduce a cluster of global luxury maison flagships to further strengthen the district’s international appeal.