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First Overseas LaLaport to Open in 2017
Mitsui Fudosan Decides to Proceed With LaLaport Shanghai Jinqiao (Tentative Name)

August 6, 2013
Mitsui Fudosan Co., Ltd.

Mitsui Fudosan Co., Ltd. today announced that it has decided to proceed with LaLaport Shanghai Jinqiao (tentative name) in the Jinqiao Export Processing Zone in the Pudong New Area, Shanghai. Plans call for construction to start in December 2014 and for the facility to open in 2017. Mitsui Fudosan established Shanghai Jingqiao Commercial Management Co. in China in April this year as a wholly owned project company to execute this project.

The Pudong New Area has seen the construction of the Shanghai Pudong International Airport and a maglev train line has also been constructed, as it evolves into the gateway to the east of Shanghai. At the same time, as a special economic zone of eastern Shanghai, Pudong is also a new development zone symbolizing Shanghai's development of finance, IT, electronics, chemistry and other industries. The planned opening of Shanghai Disney Resort in 2015 will attract further attention to the area.

The Jinqiao Export Processing Zone where the mall will be built was once home to many factories. In recent years, however, it has seen the rapid development of commercial facilities and residential housing as factories have relocated. Transportation infrastructure, including a subway and roads, is also being developed in the area. A prime location approximately 7 km from central Pudong, the area boasts luxury housing and is home to many middle- to upper-income earners, including foreign nationals.

The mall will have 7 above-ground floors (some parts 9 floors) and 2 floors below ground, and approximately 200 stores tenanting a gross floor area of 142,000 m2. The Mitsui Fudosan Group will lease the entire building constructed by Shanghai Jinqiao Export Processing Zone United Development Co., LTD. and operate it as LaLaport Shanghai Jinqiao (tentative name). As with LaLaport malls opened in Japan, this retail property will feature retail shops centered on the latest apparel and a large-scale supermarket for supporting daily lives. Mitsui Fudosan is also planning entertainment facilities, restaurants and other facilities that will encourage visitors to spend time in the mall.

In September 2011, Mitsui Fudosan opened Shanjing Outlet Plaza-Ningbo as its first overseas retail property in Ningbo City, Zhejiang Province, giving the company experience operating an outlet mall in China. Following in the footsteps of this property, the project announced today is the first LaLaport suburban retail property, which Mitsui Fudosan has been actively developing within Japan, to be opened overseas. This project will draw on Mitsui Fudosan's proven track record in the development, tenant leasing and operation of retail properties over more than 30 years - the company has a total of 102 facilities in Japan at present - and its know-how operating retail facilities in China.

Looking ahead, the Mitsui Fudosan Group will continue to actively develop its retail property, residential housing and other businesses in East Asia, including China, and Southeast Asia.

Artist's impression of LaLaport Shanghai Jinqiao (tentative name)

Business Plan Outline

Property Name LaLaport Shanghai Jinqiao (tentative name)
Usage Retail property, offices (Shanghai Jinqiao Export Processing Zone United Development office space, etc.)
Business model Property management based on leasing of the whole retail property (master lease business))
Term 15 years
Developer Shanghai Jingqiao Commercial Management Co.
Wholly owned project company established by Mitsui Fudosan, Ltd. to execute the project
Location Jinqiao Export Processing Zone, Pudong New Area, Shanghai
Transportation Line 9, Shanghai Metro* - approx. 10-minute walk from nearest station
*Under construction
Site area 42,800 m2
Building floor area Approx. 142,000 m2
Store floor space Approx. 74,000 m2
Number of stores Approx. 200 stores
Parking spaces Approx. 2,200 (including above and below ground)
Building owner Shanghai Jinqiao Export Processing Zone United Development Co., LTD.
Schedule December 2014 Start of construction (planned)
2017 Opening (planned)

Shanghai Jinqiao Export Processing Zone United Development Overview

English company name Shanghai Jinqiao Export Processing Zone United Development Co., LTD.
Established 1991
Chairman Suxin Zhang
Business Principally development and management of real estate in the Jinqiao Export Processing Zone


Map of surrounding area

Close-up map