Outlet near Disneyland sets to open in May
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A designer outlet village adjacent to Shanghai Disney Resort will open on May 19 in Pudong New Area, aiming to tap the demand of luxury shopping amid potential tourists toward city’s upcoming iconic attraction.
Named as Shanghai Village, the project is a joint venture between London-based mall developer Value Retail and state-backed operator of Shanghai International Tourism and Reports Zone, Shanghai Shendi Group.
The project represented the largest investment of the company worldwide, said Mark Israel, chief executive officer of Value Retail China, with about 150 boutiques set to open either upon launch or thereafter in a 55,000-square-meter space.
The UK developer had opened its first China outlet center of such kind in Suzhou back in May 2014. The phase two construction of the Suzhou Village will begin sometime in fall, according to Value Retail, and then move on to other projects in China including Hong Kong.
Questions & Answers
Q.Who are the key partners involved in developing the Shanghai Village outlet?
Who are the key partners involved in developing the Shanghai Village outlet?
The project is a joint venture between Value Retail, a London-based mall developer, and the state-backed operator, Shanghai Shendi Group. This partnership aims to tap into the luxury shopping demand from tourists.
Q.When is the new designer outlet village near Disneyland scheduled to open?
When is the new designer outlet village near Disneyland scheduled to open?
The new designer outlet village, named Shanghai Village, is set to open its doors on May 19. It is located in Pudong New Area, adjacent to Shanghai Disney Resort.
Q.What is the scale of the Shanghai Village development in terms of investment and retail space?
What is the scale of the Shanghai Village development in terms of investment and retail space?
Mark Israel, CEO of Value Retail China, stated this project represents the company's largest investment globally. The village will feature approximately 150 boutiques within a 55,000-square-meter space.
Q.What are Value Retail's plans for further expansion in China after the Shanghai Village project?
What are Value Retail's plans for further expansion in China after the Shanghai Village project?
Following the Shanghai Village, Value Retail plans to begin phase two construction of Suzhou Village sometime in the autumn. The company also intends to pursue other projects across China, including in Hong Kong.
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