Tishman Speyer Enters Shanghai JV to Develop Major Mixed-Use Project

SHANGHAI-Tishman Speyer, along with joint venture partner Shanghai Lujiazui Group, has unveiled plans for a mixed-use development in Shanghai totaling more than 3 million square feet. Located in the New Bund, south of the Shanghai Expo site, the development is the latest in a series of signature projects by Tishman Speyer, featuring class A offices, upscale retail offerings and waterfront residential apartments.

The New Bund, an up-and-coming business center in Pudong, is an ever-expanding asset to the Shanghai business market and has been designated as one of the priority projects in the Shanghai municipality’s 12th Five Year Plan (2011-2015). Situated just south of the Shanghai Expo site along the Huangpu River, bordered by the middle ring road and conveniently located next to a Shanghai Metro hub station of three subway lines, the New Bund is only 15 minutes from the core of Shanghai.