Large scale retail -led complex to redefine the Wangfujing experience
Leading developer Hongkong Land today celebrated the topping-out of its Beijing flagship development WF CENTRAL. The ceremony was officiated by Mr Y K Pang, Chief Executive of Hongkong Land, Mr Yang Liu Yin,Party Secretary of CPC Committee of Dongcheng District, Mr Zhang JiaMing, Mayor of Dongcheng District, Mr Adam Keswick, Deputy Managing Director of Jardine Matheson, Mr Raymond Chow, Executive Director of Hongkong Land and Mr Chen DaiHua, Chairman of Beijing Urban Construction Group.
“Today’s occasion marks a major milestone of Hongkong Land’s business development on the mainland, as we celebrate the structural completion of WF CENTRAL,” said Mr Pang at the topping-out ceremony. “The design, development and future management of this complex are testament of the Company’s vision and capability to create vibrant commercial districts, each with a sense of place.”
Occupying a site area of approximately 21,000 sq. m., WF CENTRAL enjoys a prime location and frontage on Wangfujing Street in Dongcheng District.
The complex will offer some 50,000 sq. m. of world-class retail, fine dining and hospitality experiences to become the next high-end shopping and lifestyle destination in Beijing.WF CENTRAL will also house a 74-room Mandarin Oriental hotel that will enjoy majestic views of the Forbidden City.
“We are most grateful for the support of Dongcheng District government as well as our business partners and contractors,” added Mr Pang. “Their guidance and help, together with the Group’s expertise and experience in developing high-quality projects across Asia, ensured a smooth and efficient construction process that has led us to this topping-out ceremony today.”
Hongkong Land acquired the project site in 2011, following which construction commenced with a foundation laying ceremony in March 2012. Located on the prosperous Wangfujing Street, WF CENTRAL is only a stone’s throw away from the Forbidden City and the Central Business District of Beijing.
The area is well served by the capital’s public transportation and metro networks, including Wangfujing Station of Metro Line 1 and Dengshikou Station of Line 5. WF CENTRAL will also provide 660 carpark spaces upon its completion in late 2016 while the hotel is scheduled for completion in 2017.