Simon Property Group and Bailian Group have joined their forces to develop an outlet center in Pudong next to the Shanghai Disney Village.
Jun 06, 2012
Bailian is one of the largest Chinese developers of outlet centers. According to the International Outlet Journal, it operates 6,000 stores in the People’s republic under various formats, from department stores to grocery stores. In 2006, it opened the Shanghai Quingpu of 110,000 sq.m, one of China’s first western-style outlet centers, Xiasha Outlets in Hangzhou (75,000 sq.m) in 2010 and in January the Bailian Outlets Park (92,000 sq.m) in Wuhan. It has projects in Wuxi, Nangin and Haining. It is a state-owned company and less than 50% of its capital is listed in the Shanghai stock market. Simon Property Group, the world’s largest outlet center developer, operates 10 centers in Asia (Japan, South Korea and more recently in Malaysia), 1 in Mexico and 69 in the United States. It has projects in Canada and Brazil. RDM, developer of the Florentia Village in Wuqing in China, has also a project next to the Shanghai Disney Village. It confirmed its agreement with the Shanghai Pudong government to contribute to its development between the international airport of Pudong and the Shanghai Disney Resort. RDM is the real estate arm of the Italian financial and fashion conglomerate Fingen.