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Shanghai Tower Creates New Model for High-End Property Management

 

Shanghai Tower Construction and Development Company has announced that it is creating a joint venture named "Shanghai Tower CBRE Property Management Company Limited" with three other partners, including Beijing CBRE Property Management Company, Shanghai Lujiazui Property Management Company, and Shanghai Tower Real Estate Management Company for the purpose of providing property management services for the new Shanghai Tower.

 

Shanghai Tower is located at the center of the Lujiazui Financial Development Zone in the Pudong section of Shanghai. Construction of the building, which has a height of 632 metres, is expected to be completed by the end of 2014, the property is scheduled to be fully operational by mid-2015. Boasting 576,000 sq.m. of gross floor area, the iconic mixed-use development is set to become one of the most famous buildings in China and across the world.

 

General Manager of Shanghai Tower Construction and Development Company Gu Jianping noted several key aspects of the project, "Shanghai Tower has been designed and built to meet international green standards, and it is our intention that the building will likewise be managed in accordance with those standards. Operation management for the Tower was taken into consideration in the early stages of design and construction with plans made utilizing the expertise of internationally renowned consultants.”

 

“With construction of the building now in its final phase, we looked at property management teams across the world, and decided to create a four-party joint venture company for the purpose of providing property management services for the building. With CBREs rich experience in managing top-grade properties around the globe combined with the deep local market experience of Lujiazui Property Management Company, Shanghai Tower is certain to attain its property management goals of "high quality", "high standard" and "high requirement". General Manager Gu further stated, “The four partners look forward to sincerely cooperating together in building a seasoned property management team for this supertall mixed-use development. The professional and human-centric property management services provided will enable Shanghai Tower to fully realize its potential as a green, sustainable  vertical community to be viewed as an icon in the world high-end property development."

 

“CBRE began its cooperation with Shanghai Tower two years ago as the buildings pre-occupancy  property management consultant. At that time we helped the management team map out its property management and building operations strategies. We are honored now to have this opportunity to partake in the management of this prestigious landmark building as a stakeholder in the new joint venture. We look forward to cooperating with our partners to offer property management services of the highest quality for this world-class development, and turning it into the first choice for office and work space in Shanghai.” Added Willy Shee, Chairman of CBRE Asia

 

 

About Shanghai Tower

 

Shanghai Tower, located at the core of Pudong’s Lujiazui Finance and Trade Area in Shanghai, is 632 meters tall, with 121 floors above ground, 5 floors underground and a total construction area of ​​576,000 square meters. It is a vertical city and a mixed-use structure, with office space, a hotel, exhibition halls and both business and tourism functionalities.

 

Shanghai Tower gradually spirals up with a 120-degree inclination, its curved façade and spiraling form symbolizing the dynamic emergence of modern China.

 

Leading the design concept of global sustainability, Shanghai Tower strictly adheres to today’s green building design standards. Shanghai Tower is a reflection of the city’s commitment and support towards an ecological environment, with a variety of green building techniques and a high greening ratio of 33%.

 

Together with its neighbors, the 420-meter Jinmao Tower and the 492-meter Shanghai World Financial Center, Shanghai Tower and its graceful spiraling design completes the urban triumvirate. Shanghai Tower will stand as the city’s new beacon, defining the skyline with its silhouette together with surrounding landmarks such as the Oriental Pearl TV Tower, and reflecting the opening up of the Pudong Lujiazui Finance and Trade Area.

 

As the masterpiece completing the skyscraper triumvirate in the Lujiazui Finance and Trade Area, Shanghai Tower will be open to the public upon its completion in 2015. It will become the tallest and largest building in China.

 

About Shanghai Tower Construction and Development Co., Ltd.

 

Shanghai Tower Construction & Development Co., Ltd. is Shanghai Tower’s property owner and developer, the company was invested jointly by Shanghai Chengtou Corp., the Luijiazui Finance & Trade Zone Development Co., Ltd., and the Shanghai Construction Group with registered capital of RMB 8.4 billion. The three JV parties hold 51%, 45% and 4% shares respectively.

 

About CBRE

 

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

 

About Shanghai Lujiazui Property Management Company Ltd.

 

Shanghai Lujiaizui Property Management Company is a subsidiary of Shanghai Lujiazui Finance & Development Company Limited and is certified as a first-class property management company under Chinas national certification system.  The Company holds a vice president chair at the Shanghai Property Management Association and in recent years has been honored with a number of distinctions, among them the Shanghai city governments Gold Quality Award and recognitions of "national user satisfaction enterprise" and "Shanghai Famous Brand". The Company currently manages over 8 million sq.m. of real estate, with mixed use projects, super-large exhibition centers and large office towers comprising its main customer base. (Corporate website: WWW.SHLP.COM)

 

About Shanghai Tower Property Management Company Ltd.

 

Shanghai Tower Property Management Company, Ltd., has a registered capital of RMB 5 million and was created with investment from the Shanghai Tower Construction and Development Company and Shanghai Real Estate Group Company, Ltd., the two enterprises contributing respectively 70% and 30% of total investment amount. Shanghai Tower Property Management Company focuses on providing professional property management services for middle- and high-end office buildings. In 2014 the Company was named as a First-Class property management company by the China Ministry of Housing and Urban-Rural Development.