Biggest Mall in Asia
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| 8-Jul-2002 - |
Asia's biggest shopping mall - and Shanghai's first to operate around the clock - will open in the Hongqiao area by year's end, its developers said recently. Shanghai Gang Hong Industrial Development Co. Ltd. said the Shanghai Rainbow Mall has been taking shape at the intersection of Hongjing and Wuzhong roads in southwestern Shanghai's Minhang District. The 1.5 billion-yuan (US$180 million) shopping center will have 330,000 square meters of space, according to Yang Guoqiang, vice general manager of the development company. That would make it 90,000 square meters larger than the Super Brand Mall in Pudong District's Lujiazui Financial Zone, scheduled to open in July. Funded by the Thai-based Chai Tai Group, Super Brand Mall called itself Asia's biggest by area. Shanghai Gang Hong is a joint venture between Hong Kong Hualong Group Co. Ltd., developing its first major Shanghai project, and Hongxi Industrial Co. Ltd. of Minhang District, which provided the land. "In the future, shopping malls should have various functions to meet the taste of all levels of customers," said Tony Tsoi Chun Lee, the mall's managing director. The mall will have seven floors, including one below ground, and feature a tropical forest with coconut palms and waterfalls. The 24-hour-a-day operation plans to have one or more supermarkets, department stores, exhibition areas, construction-material centers, movie theaters, electrical-appliance centers, furniture shops, restaurant areas, karaoke parlors, body-building centers, hair salons and bookstores. The developer said it was negotiating with companies about 80 percent of the mall's business space but no leases had been signed yet. Yang said hypermarket operator Carrefour would open a store on the underground floor and retailer Louis Vuitton also intended to lease space. |
| 8-Jul-2002 - |
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