ebulletin

November 15, 2023
Taikoo Li Xi'an breaks ground

Swire Properties and Xi’an Qujiang New District recently held a groundbreaking ceremony for their joint venture project Taikoo Li Xi’an.

Spanning a site area of approximately 119,906 sq m, Taikoo Li Xi’an is located within the Small Wild Goose Pagoda historical and cultural zone. The mixed-use development will an estimated gross floor area of 256,192 sq m (above and below ground). Taikoo Li Xi’an will comprise a shopping mall, cultural facilities, and a luxury House Collective hotel, with a total investment of approximately RMB 10 billion.

As Swire Properties’ fourth Taikoo Li-style project, Taikoo Li Xi’an will feature an innovative low-rise, open-plan architectural design, inspired by the simple yet elegant style of traditional Tang Dynasty architecture. Located within the Small Wild Goose Pagoda historical and cultural zone, the development will place the Small Wild Goose Pagoda, a world heritage site, and the Jianfu Temple, a royal temple of Tang Chang’an, as key focal points.

The design will also pay tribute to the historical significance of the location within Anren Fang, one of the 108 ancient Fangs (subdivision of a city) in the Chang’an City of the Tang Dynasty. The traditional urban fabric of the area will be preserved, with ancient streets, including the 7th Heritage Avenue, the 8th Heritage Avenue, and Yizi Heritage Avenue, carefully integrated into the layout.

In July 2023, Swire Properties and the Xi’an Museum jointly announced a three-year cooperation agreement to preserve and promote Xi’an’s local culture and history. Swire Properties will donate RMB 4 million to the museum over the next three years to fund the preservation of cultural relics, and to arrange cultural and educational programmes for the community. This exciting collaboration is a joint effort by Swire Properties and Xi’an Museum to advance the city’s cultural relic preservation works during the 14th Five-Year Plan period (2021-2025).

Taikoo Li Xi’an is scheduled to be completed in phases from 2026. In addition to Taikoo Li Xi’an, Swire Properties has announced a new retail development in Sanya, and two new mixed-use developments in Shanghai’s Pudong New Area. The company is also currently exploring two potential retail-led investment opportunities in Liwan District, Guangzhou and Futian District, Shenzhen, as part of its expansion plan in the Greater Bay Area.

Swire Properties has announced plans to invest HKD100 billion over the next decade, of which HKD50 billion has been allocated to accelerate its growth in the Chinese Mainland.