The project is situated at a prime location in the Wuqing District of Tianjin and is close to the Wuqing Station of the Beijing-Tianjin Intercity Railway. The area is undergoing a major transformation into an important hub for knowledge and innovation, modern logistics and trading.
SOCAM entered into an agreement to acquire the project in December 2011. The project comprises a retail mall featuring attractive Italian style pedestrian streets, with a total GFA of 98,100 square metres scheduled to be fully completed in 2019.
The first phase of 65,500 square metres has commenced operation in stages since January 2015. The mall revamping plan that began in 2016 is scheduled for completed by the end of 2017. We aim to make it a priority destination for visitors looking for a retail experience that is includsive of the whole family. We have recently adjusted the tenant mix and upgraded facilities with the aim of providing visitors with the best possible experience.
With regard to Phases 2 and 3, the development plan is being finalised for submission to the local government for approval.