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Swire Properties and Sino-Ocean Land today announced that they have named the international Grade-A office tower at the Chengdu Daci Temple Cultural and Commercial Complex "Pinnacle One"(Chinese name: 睿東中心).
As its English name implies, Pinnacle One offers premium office accommodation in the prime location of Dongda Street, situated in the heart of Chengdu, which is often known as the financial hub of Western China. The office tower's Chinese name takes its inspiration from the Chinese characters for "wisdom" and "vision". Pinnacle One is intended to be developed as a trading property, and is scheduled for completion in 2014.
"As a key investment hub in Western China, Chengdu provides the ideal business location for multinational and local companies," said Guy Bradley, Chief Executive Officer - Mainland China of Swire Properties. "Developed as part of our debut project in Chengdu, Pinnacle One enjoys a prime location, a world-class building design, a premium working environment and a well-connected local transportation network. We are confident that it will set a new benchmark for office developments in the city and offer tenants the best services and facilities in which to operate."
A 200-metre tower, Pinnacle One is located in close proximity to the bustling Chunxi Road shopping district, and enjoys direct connectivity to Chengdu's Metro Lines 2 and 3. Designed by the internationally renowned UK firm MAKE Architects, the office tower features a 130-metre long stainless steel canopy and 30-metre high atriums covered by glass roofs, striking design elements which will set new standards for office architecture in Chengdu.
"As part of the strategic development in Chengdu by Sino-Ocean Land and Swire Properties, Pinnacle One is an integral component of the Daci Temple Cultural and Commercial Complex. With both companies' extensive experience in commercial developments as well as first-class standard in quality and construction management, Sino-Ocean Land and Swire Properties will set a new standard for Chengdu's market. In addition, as part of the commercial complex, Pinnacle One will offer unique services that accommodate daily business needs, including the very best in lifestyle and entertainment." explained Chen Lei, Deputy General Manager of Sino-Ocean Land and General Manager of Chengdu Qianhao Real Estate Co. Ltd.
Building on the success of Swire Properties and Sino-Ocean Land's existing INDIGO joint venture project in Beijing, the Chengdu Daci Temple Cultural and Commercial Complex offers a total gross floor area of over 250,000 sqm*, comprising a high-end shopping centre with gourmet dining options, a boutique hotel and serviced apartments. The new mixed-use development is expected to become a prominent shopping and business destination for residents and visitors in Chengdu, and promises to bring a new visual aesthetic to the city, with its low-density design and distinctive blend of traditional Sichuan architecture and sleek contemporary design. The Chengdu Daci Temple Cultural and Commercial Complex is scheduled to open in phases from 2014 onwards.
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| Pinnacle One |
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| Chengdu Daci Temple Cultural and Commercial Complex |
* Gross floor area excludes car park.
About Swire Properties
Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections. Listed on the Main Board of the Stock Exchange of Hong Kong, the Company's investment portfolio in Hong Kong totals over 17 million sq ft (over 1.58 million sqm)* of gross floor area, with Island East and Pacific Place as its core holdings. In addition to Hong Kong, the Company has significant investments in Mainland China, the United States and the United Kingdom.
In Mainland China, Swire Properties has a portfolio amounting to approximately 13.6 million sq ft (over 1.26 million sqm)*, comprising five mixed-use developments in Beijing, Guangzhou, Chengdu and Shanghai. Of these, Sanlitun Village and INDIGO in Beijing and TaiKoo Hui in Guangzhou have opened.
Since 1980, the Company has been developing investment and trading properties on the island of Brickell Key in downtown Miami, Florida where it has created an acclaimed residential and commercial portfolio that includes three office buildings, nine condominium towers offering a total of 2,100 residential units, and the Mandarin Oriental, Miami.
Through Swire Hotels, the Company also creates and manages intriguing urban hotels in Hong Kong, Mainland China and the United Kingdom, aimed at providing an exceptional experience for travellers who seek individuality, style and personalised service.
Visit Swire Properties' website at www.swireproperties.com.
* Gross floor area in respect of 100% of the properties excluding car park areas and not on an attributable basis.
About Sino-Ocean Land
It is Sino-Ocean Land's goal to become the property market leader in China.
Founded in 1993, Sino-Ocean Land was listed on the Main Board of the Hong Kong Stock Exchange (stock code: 03377) on 28 September 2007 and has become one of the top ten Mainland real estate companies listed in Hong Kong. In March 2008 Sino-Ocean Land was selected as a constituent of the Hang Seng Hong Kong Composite Index and the Hang Seng China-Affiliated Corp Index.
The Company is mainly engaged in the development of mid to high-end residential properties, premium office buildings, retail properties and serviced apartments; the sale of real estate and related business, landscaping, property management and hotels and club operation. Based in Beijing, Sino-Ocean Land boasts a multi-regional and diversified portfolio of both development and investment properties. By virtue of superior projects and services, the Company has firmly established the "Sino-Ocean Land" brand.
Visit Sino-Ocean Land's website at http://www.sinooceanland.com/.