Hang Lung Properties Redefines the Realm of Modern Luxury Retail in China with the Stunning Transformation of Plaza 66

HONG KONG, Sept. 8, 2017 /PRNewswire/ -- Hang Lung Properties Limited (HKSE stock code: 101) today celebrated the completion of a mega-scale transformation of Plaza 66 in Shanghai, marking another milestone for the Company in its development on the Mainland. More than 2,000 esteemed guests, including senior executives from international brands, business partners and investors, as well as local and overseas media attended the star-studded celebration.

The transformation of Plaza 66 heralds a new chapter in the mall's illustrious history, and in addition to a focus on optimizing the shopping environment, Plaza 66 is also welcoming a host of dazzling new international brands and new luxury flagship stores to China, consolidating the mall's unique position as the Home to Luxury on the Mainland.

Mr. Ronnie C. Chan, Chairman of Hang Lung Properties, said: "We are delighted to receive so many representatives from international brands, our business partners, and our customers at the celebration tonight. I still recall vividly the time, more than two decades ago, when I came to Shanghai to look for opportunities to expand our revolutionary business model, of building world-class commercial complexes and iconic landmarks for long-term investment on the Mainland. I am impressed with the results that we have achieved so far. We have successfully established a foothold in China not just in Shanghai but also in seven other cities. Today, we witness the transformation of Plaza 66, the brightest star in the firmament of our property portfolio, shining ever more brightly, not fading with the passing of time. I truly believe that with its outstanding attributes, Plaza 66 stands as the true epitome of modern luxury and will redefine the retail landscape in China."

He added, "Mainland China is becoming the single largest market for luxury goods. Plaza 66 is well positioned to tap this burgeoning potential. The external and integral refinement achieved at Plaza 66 will have long lasting positive impact, and we envision Plaza 66 in Shanghai as a truly luxuriant shopping experience for the young, affluent elite, and connoisseurs of refined living."

The celebration was hosted by Mr. Ronnie C. Chan, Chairman, and Mr. Philip Chen, Chief Executive Officer of Hang Lung Properties, and members of the Board of Directors. Mr. Zhou Hai-Ying, Deputy District Governor of the People's Government of Jing'an District, Shanghai gave the honor of his presence, along with iconic names from the world of fashion, entertainment, art, and gastronomy, including Alicia Keys, David LaChapelle, Tommy Ton, Chef Michael White, Chef Janice Wong, and Belgian Master Chocolatier Pierre Marcolini. Fifteen-time Grammy Award-winning singer-songwriter, Alicia Keys, held the crowds spellbound as she sang three of her greatest hits, taking the event to its climax.

Plaza 66 is the epitome of sophisticated lifestyle and taste, housing more than 100 of the world's most preeminent fashion labels and their China flagship stores, including Berluti, Bottega Veneta, Bulgari, Cartier, Chanel, Dior, Hermes, Loro Piana, Louis Vuitton, Ermenegildo Zegna, Dolce & Gabbana, Tod's, Celine, Roger Vivier, Prada, Van Cleef & Arpels, and many more – a 100% occupancy rate of pure luxury.

In its seamless integration of modern luxury with high fashion and fine dining, Plaza 66 once again breaks the mold as the quintessential window on the world of opulence and grandeur in China, where a new generation of aspirants to the high life will find their Home to Luxury in the exquisitely curated experience that Plaza 66 provides.

About Plaza 66, Shanghai

Located at 1266, Nanjing Xi Lu, the most vibrant shopping destination in Shanghai's Jing'an District, Plaza 66 spans a total gross floor area of over 270,000 square meters. As an iconic landmark in Shanghai, Plaza 66 has established itself at the pinnacle of the Mainland luxury commercial property market and has been the recipient of a host of awards that place it among the most successful commercial complexes in mainland China.

Plaza 66 is well-known as the centerpiece of Shanghai's luxury fashion and lifestyle market, with 100% occupancy. The mall houses over 100 world-renowned luxury brands and its tenant mix is a kaleidoscope of the world's most prestigious brands including Louis Vuitton, Hermes, Chanel, Dior, Prada, Bottega Veneta, and Cartier, along with lifestyle and dining offerings that cater to the refined tastes of the young and vibrant elite. Plaza 66 has built its unique position as the Home to Luxury and an unparalleled symbol of affluence and style of distinguished service to its discerning clientele.

Soaring 66 and 48 stories respectively, the two esteemed office towers have a total gross floor area of nearly 160,000 square meters, occupied by prominent local and international corporations which have established their regional presence at this illustrious address. Furthermore, Plaza 66 is equipped with a car park spanning an area of around 60,000 square meters, providing more than 800 car parking spaces underground for tenants and customers. Along with the completion of its asset enhancement program, Plaza 66 will launch a series of marketing initiatives, a VIC program, and a menu of exclusive services to further strengthen its unique positioning as Shanghai's Home to Luxury; always going the extra mile to extend its leading position in the market.

About Hang Lung Properties

Hang Lung Properties Limited (HKSE stock code: 00101), a constituent stock of the Hang Seng Index and Hang Seng Corporate Sustainability Indices in Hong Kong, is a leading real estate developer operating in Hong Kong and mainland China. Boasting a diversified portfolio of investment properties in Hong Kong, the Company has progressively branched out into the Mainland since the 1990s, with our distinctive footprint now fully established in Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming and Wuhan, with all the Mainland projects carrying the "66" brand. As Hang Lung's business continues to grow, the Company is set to develop into a highly admired national commercial property developer in China.

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SOURCE Hang Lung Properties Limited