Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Swire Properties Sees Luxury Mall Revenue Grow Across China

Taikoo Li Qiantan. Swire.
Swire's new Taikoo Li Qiantan mall in Shanghai. (Swire)

The Hong Kong-based real estate group saw double-digit gains in retail revenue across its mainland China properties, according to a fourth quarter operating report released Friday.

Its two Beijing malls, Taikoo Li Sanlitun and One Indigo saw 27 percent and 11 percent year-on-year growth, while Chengdu’s Taikoo Li shopping centre saw revenue grow 21.9 on the year. Taikoo Hui Guangzhou had the group’s biggest yearly jump in revenue, up 33.4 percent, but Taikoo Hui Shanghai was not far behind it, with revenue growth of 28.8 percent.

Swire opened its new Shanghai property, Taikoo Li Qiantan, last October. This latest report doesn’t give any indication of sales for that property, but did say it was running at 90 percent occupancy.

At Swire’s three malls in Hong Kong, retail revenue grew 27.4 percent, 21.6 percent and 8.8 percent year-on-year respectively.

ADVERTISEMENT

Learn more:

Swire Opens Colossal Luxury Shopping Centre in Shanghai

Swire Properties unveiled its new open-plan shopping complex, Taikoo Li Qiantan, next to Shanghai’s financial district on Sept. 30, boasting around 120,000 square metres of mixed-use space and boutiques from brands owned by LVMH, Kering and Hermès.

In This Article
Topics

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from China
On-the-ground intelligence and insights from the world’s largest fashion market.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024