Hong Kong-based developer Swire Properties will form a joint venture with Xi’an Cheng Huan Cultural Investment and Development Co Ltd, a state-owned subsidiary of Xi’an Qujiang New District Management Committee, to develop the Taikoo Li Xi’an project in mainland China.
This new retail-led mixed-use development, located at Xi’an’s Small Wild Goose Pagoda historical and cultural zone in Beilin district, Shaanxi province, will comprise retail and cultural facilities as well as a luxury hotel, serviced residences and business apartments. It will have an estimated gross floor area (GFA) of 269,218 sq m (above and below ground), and is planned to be completed by end of 2025.
The total investment for the project is expected to be around RMB 10 billion. It sits on a site in the heart of downtown Xi’an, with a total site area of approximately 119,906 sq m, and will feature a “low-rise, open-plan architectural design that exemplifies the brand DNA of Taikoo Li,” said Swire Properties.
“As a UNESCO World Heritage site, we recognise the significance of the Small Wild Goose Pagoda historical zone and its importance to the city of Xi’an, and we’re excited to bring our Taikoo Li brand to this stunning location,” said Tim Blackburn, chief executive of Swire Properties.
“We intend to apply all our expertise and experience in urban regeneration and placemaking to create a vibrant new landmark in Xi’an – a world-class destination which promises to enhance the commercial charm and influence of Xi’an both nationally and internationally.”
Since 2017, the Xi’an Municipal government has been driving a comprehensive redevelopment of the Small Wild Goose Pagoda historical and cultural zone, as part of a major reconstruction project to improve the urban environment, protection of historical relics and the broader economic development of the city, with the aim of building a ‘Quality Xi’an’. Taikoo Li Xi’an aims to play a key role in the urban redevelopment of this area.
All images: Swire Properties