SWIREPROPERTIES(HK:01972) Bei Jing Shang Bao·2026-01-21 09:41Core Insights - Swire Properties announced significant progress in the renovation and upgrade of Sanlitun Taikoo Li, aiming to establish it as a globally recognized fashion and cultural destination [1] - The renovation focuses on experiential retail, integrating local cultural elements with global lifestyle trends, providing a dynamic platform for both international and local brands [1] Group 1: Renovation Progress - The North District renovation has been completed over three years since its initiation in 2022, with nearly half of the commercial space revamped and an optimized brand lineup [3] - High-end flagship stores from international brands such as Dior, Hermès, Louis Vuitton, and Tiffany & Co. have opened, all designed by top architects [3] - The foot traffic at Sanlitun Taikoo Li has significantly increased since the opening of multiple flagship stores in December 2025 [3] Group 2: Brand and Service Enhancements - The brand mix emphasizes diversity and functional integration, featuring China's first Dior restaurant and the first Le Café Louis Vuitton in Beijing, along with a planned Hermès store set to open in Spring 2026 [4] - A variety of luxury brands, including Alaïa, Balenciaga, Burberry, and Rolex, have established flagship stores, creating a multi-layered high-quality brand cluster [4] - Service enhancements include the establishment of high-quality VIP lounges, an upgraded membership system, improved drop-off areas, and a revitalized sunken garden for cultural and community activities [5] Group 3: Future Developments - The renovation journey continues with plans for the redevelopment of the North District N1 floor and further community building and public space quality improvements [5] - The project aims to deepen the integration of international avant-garde art, fashion, and culture, reinforcing its status as a future urban landmark and contributing to Beijing's development as a world-class city [5]