By  on September 25, 2013

Value Retail, the developer of the nine Chic Outlet Shopping Villages in Europe, has signed an agreement with Shanghai Shendi Group to develop and operate Shanghai Village, WWD has learned.

Shanghai Shendi is the lead developer of the Shanghai International Tourism and Resorts Zone, which will include the Shanghai Disney Resort and the adjacent Shanghai Village. Phase one of Shanghai Village, with about 540,000 square feet, is scheduled to open at the end of 2015 at the same time the Disney resort opens. The project is located in central Pudong, a district of Shanghai along the east side of the Huangpu River.

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