HANG LUNG PPT(HK:00101) Sou Hu Cai Jing·2025-12-12 13:46Core Viewpoint - Hang Lung Properties Limited has signed a commercial operation project at 1038 Nanjing West Road in Shanghai, expanding its total building area by approximately 96,000 square meters, an increase of about 44% to approximately 312,335 square meters, as part of its "Hang Lung V.3" strategy to strengthen its leadership in core markets and contribute to Shanghai's development as an international consumption center [1][5][6]. Group 1 - The project will be operated by Hang Lung under a 20-year lease agreement, enhancing its presence in a prime retail and lifestyle hub in Shanghai [1][5]. - The Nanjing West Road 1038 project will be transformed into a vibrant commercial landmark, featuring retail, hotel, and office spaces, targeting a new generation of consumers seeking high-quality experiential spaces [5][6]. - The collaboration between Hang Lung and Shanghai Jiubai Group aims to integrate resources and enhance commercial vitality in the Jing'an District, providing a new model for urban renewal and international consumption center development in Shanghai [6][7]. Group 2 - Hang Lung's CEO emphasized the importance of this project in revitalizing the cultural and historical essence of Nanjing West Road, reinforcing the company's commitment to customer-centric experiences and diverse business offerings [6]. - Jiubai Group's chairman highlighted the project's alignment with the strategic planning of the Jing'an District to develop a high-end service axis, marking a significant milestone in their pursuit of high-quality development [6].